Robert Cassidy

Gold and Silver - How High Will They Go?

MarkAnthony is right on target ! ...To wit - I bought a new VW over 50 years ago ,,the price equated to 30 ounces of gold ..the price today of an upscale new car ? ..still 30 ounces of gold !


On Nov 25 11:03 AM Mark Anthony wrote:

> Ask NOT what gold can do in dollars, ask WHAT dollar can do in gold.
>
>
> The correct question to ask is not high high gold can go, in terms
> of the dollar, but how LOW dollar can go, in terms of gold ounces.
>
>
> Gold is a near constant measure of valuation. Gold doesn't change,
> it's the dollar that's going down.

Precious Metals Manipulation: Lawyers Prepare for Battle

The cited circumstances do strongly suggest heavy- and clandestine central bank intervention in a quest to underpin the 6 trillion US dollar trove which they hold....a weak and vulnerable asset .
While none of this activity will ever be proven , the dollar fundamentals have not at all improved .....and the support campaign will not be sustainable ...Gold and silver will rebound to new record highs ...not because they are especially dood ,,,,,but rather because the dollar is inherently so bad ....Only the painful reality of a sharp dollar devaluation can possibly restore order to trade balance
The USA enjoys an enormous credit line ,,,,but not unlimited !