Thursday, June 20, 2013

Is the Gold Rush Over?





Comparing Today's Gold Market to the 1970's: Is the Gold Rush Over? : - Lots of people are comparing today's gold market to the 1970's. Gold shot up to nearly $200 per ounce and crashed 9 months later to near $100 an ounce. Of course, gold had an historic rise to $850 per ounce after that wicked pull-back. Some, such as economist Nouriel Roubini, say "the gold rush is over," and the seventies are not going to repeat. The debt of today is greater by orders of magnitude from the 1970's, and there is no end in sight. That means gold has only one way to go (in the long term) and that's up.

1 comment:

  1. Great stuff Greg!! the PM phyzz market is just Warming up! Sooooo great we can still buy phyzz at paper prices! China, Russia, India Sth Est Asia is grabbing all they can while bankrupting the West in broad daylight!! So clever the likes of 'Benny Beenthere'.... of course he is just a puppet doing what he is told using fuzzy logic orchestrated by TPTB!! The GOLD / SILVER market over?... huh!!...the financial system is in collapse, just sell your shit folks... get out of debt, and go buy PHYSICAL METALS...TODAY!! oh BTW hoard some food as well and plenty of ammo to protect it... that's if it's not confiscated by Obama and his cronies? God Bless!!!

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