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Gold 

By: Decomposed in 6TH POPE | Recommend this post (1)
Sat, 17 Sep 22 5:34 PM | 30 view(s)
Boardmark this board | 6th Edition Pope Board 		Msg. 35645 of 60008
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At a time of heavy inflation, when the price of almost everything "real" is rapidly increasing, gold and silver have been steadily falling. It hardly makes sense. They're supposed to be HEDGES against inflation.

Since inflation's end isn't in sight, who in their right mind would be selling? It seems to me that only governments would. Specifically, Russia would. It needs money. To keep Russia from getting a good price, the United States might as well. As you can see from the chart below, the timing of the selloff reflects the timing of the war.

One day, the sellers will start buying back to replenish what they've sold. When they do, and maybe sooner, these two metals are going to skyrocket. The only questions are... how much lower can the prices go? And when will the war in Ukraine end?

Meanwhile, gold and silver are greatly undervalued.





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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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