Just using the very conservative all time yearly average highs in 1979-1980 for Gold ($613) and Silver ($21.79) and using the understated inflation rate reported via the US Government, with a CPI Calculator it is very easy to determine that both Gold and SIlver are seriously undervalued and should be at the very least...and conservatively $1,859 for Gold and $66.00 for Silver. So in my opinion folks should not in the very least be hesitant to continue to exchange their FRN currency into physical Gold and Silver. Additionally these numbers are low because the value of the US DOllar has been devalued much more then reflected by the reported CPI, additionally the US Government has been creating massive amounts currency in recent years that guarantees double digit inflation or worse in the near future.
Saturday, March 5, 2011
The CASE FOR $175 OUNCE SILVER
Every $20 Billion in new money will move the price of silver $144 higher. JP Morgan is in deep. Very, very deep.You have about 1 month left to buy silver if you wait till next year you will miss a massive wealth transfer to you and your familly
Always remember. If you are waiting on delivery you used your credit card. If you used your credit card Obama knows what you bought. New financial bill. ALL transactions go to White House
Always remember. If you are waiting on delivery you used your credit card. If you used your credit card Obama knows what you bought. New financial bill. ALL transactions go to White House
Greenspan on Gold Rise
Mar. 4 2011 | Gold prices reveal that there are "uncomfortable" elements in the market, says Alan Greenspan, former Federal Reserve chairman.
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