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Gold Price

By: Decomposed in 6TH POPE | Recommend this post (0)
Wed, 13 Oct 21 2:28 PM | 24 view(s)
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A friend recently expressed disappointment in his PM investment. It's clear that he still doesn't get it. PM isn't an investment. It's INSURANCE. Its price doesn't rise and fall with the economy; it rises and falls with fear. So long as fear is quelled, PM prices may stagnate. When fear gets out of hand, PM prices will soar.

I've always felt that stagnant or slowly rising PM prices are a good thing. They suggest that "The End" probably isn't here yet. And who wants that? Not me.

That said, PM prices won't be at this level for much longer. Wheat's price per bushel bottomed at $4.03 in September 2016 - which, not coincidentally, is when gold last hit a major low. Wheat is now $7.34 and quickly climbing. Folks aren't going to like what's happening to food prices. Gold will break to new highs.





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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months




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