Hugh_G_Rection

Gold Poised to Move Higher

I thought the same thing back in 1980 when people were standing in line to sell their stuff and I saw gold and silver plummet for almost 30 years. History repeats. Don't bet the farm or you may be waiting another few decades.


On Dec 29 10:39 AM AtTheMurph wrote:

> I'd look at it a little differently.
> All that scrap gold is meeting the demand currently. When that dries
> up the price of gold will rise faster.

Gold Poised to Move Higher

I own a coin shop and have been swamped by people selling their gold jewelry and coins. Check any newspaper and you will see buyers of gold and silver moving from town to town from hotel rooms buying metals. When this stuff gets through the refiners, you will see one of the biggest drops ever. Be forwarned!

52-to-1 Just Right for Gold/Silver Ratio?

There is a reason since 1986 the US has issued one ounce gold coins at $50 and one ounce silver coins at $1. These silver and gold eagles are establishing the ratio of 50 to 1 so when the government realizes they need to go back to a gold standard, the ratio has already exists.