indeed the ’money printing will cause gold and silver to rise’ argument was the popular one I’d seen until this guy. He pretty much blew that out of the water with his chart. that said, I’m not convinced oil causes gold up because I have it that price of anything is a more a result of demand than cost to produce.
after watching him I wonder if it’s more like that inflation causes both oil and gold up. So yes gold goes up when oil does but maybe they’re both at the effect of inflation.
either way I understand he’s predicting gold to rise, and considering I hold cai, that’s what I want to hear.
CAI Price at posting:
83.5¢ Sentiment: Buy Disclosure: Held
(20min delay)