Guys,
It appears to me we are on final approach to the mania stage in gold and silver. I culled the following quote from Wealth Daily:
"It's really no surprise banks are buying gold like it's going out of style.
After South Korea bought 25 tons of the metal for the first time in 13 years, just to diversify from the dollar, it's likely other central banks in that region will follow.
Buying gold not only helps countries protect their wealth; it's the best way for them to prepare for a gold mania that could make the 1970s look like ?child's play,? says Franco-Nevada Chairman Pierre Lassonde.
?In 1980, the only players, or the dominant players, were the Americans. Today the dominant players are China and India; 58% of all the gold sold this year will be sold in these two countries. When we reach that mania phase? it will truly make your head spin.? "
Interesting times appear to be upon us! If you thought the wild swings in the Au Ag prices were frightening, check your seat belt, as we are about to get on the roller coaster from hell!
DYOR
K
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Price($) | Vol. | No. |
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