You might like these comments on Marc Fabers blog site re gold & silver price trends:
First, Western World budget deficits are now totally uncontrolled. Debt is esentially destroying the Western World
Second, The Obama administration has saddled us with enough debt at the federal level to last three generations all in the name of "stimulus".
Third, The US Federal Reserve is Insolvent and Bankrupt They have flooded the system with liquidity through Quantitative Easing
In Europe, American travellers are learning that the US Dollar is untradeable on the street. And Personally, 1 gold coin got me out of a very bad situation in Mexico City during the H1N1 outbreak.
Travelling with Physical Gold Coins as insurance will soon become the norm. In many parts of the world the 1996 $50 or $100 US note is worthless because of the quality of counterfeits being printed internationally.
I agree with you that gold, IMO is likely to be trading over $2k in new year if GFC2 starts
rms 4m oz gold, 2 mines, 3-4 bagger from here, page-36
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Last
$2.27 |
Change
0.130(6.07%) |
Mkt cap ! $2.531B | |||
| Open | High | Low | Value | Volume |
| $2.24 | $2.27 | $2.18 | $11.14M | 5.024M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 57 | 184146 | $2.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.27 | 34459 | 8 |
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| Last trade - 12.00pm 13/09/2024 (20 minute delay) ? |
| RMS (ASX) Chart |