Thursday, June 27, 2013

PETER SCHIFF : GOLD is Now Selling for Less than Mining Costs

If GOLD in the US reverts to equal to the money supply, M2, it would have to be between 60-90K per oz. Even if it only covers 10% of the money supply, it should be between 6-9K per oz. If it were to cover the whole money supply, M3, it would have to be between 380-560K per oz. At a minimum, gold/silver will go up by at least 5X. Maybe as much as 45X current prices. Precious metals are the buy of a lifetime. Buy every ounce you can afford.


2 comments:

  1. Gold has NEVER been worth nothing. It has been a precious metal since creation and it's not about to change. Paper has never been worth anything since they stopped the GOLD standard. And Paul Volker is just a Pawn for the FED. (Rothschild's and their ilk)

    ReplyDelete
  2. Gold has NEVER been worth nothing. It has been a precious metal since creation and it's not about to change. Paper has never been worth anything since they stopped the GOLD standard. And Paul Volker is just a Pawn for the FED. (Rothschild's and their ilk)

    ReplyDelete

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