Gold and silver have never been cheaper

MrEnglish

The worlds governments and banks have so inflated and debased the worlds currencies that the amount of gold backing them up is at its lowest level in all history, EVER. In this sense, gold and silver are cheaper than ever before, even as it continues its steady upward climb.

https://wealthcycles.com/features/gold-has-never-been-cheaper?utm_medium=email&utm_source=WebmailMarketing&utm_content=1146729451&utm_campaign=09-08-10WealthCycles-TheWeeklyCycleVolV&utm_term=gold+on+sale

Silver looks set to take off

http://www.moneyweek.com/investments/precious-metals-and-gems/money-morning-silver-price-03612.aspx

Emotions intensified earlier this year when a former trader, Andrew Maguire, who became known as the whistle-blower, spoke out in various media about the manipulation. The very next day, in an incident straight out of a thriller, he was driving with his wife when their car was struck by a hit-and-run driver. You can imagine the theories that then started doing the rounds.

One of the most significant players on the silver exchanges has been JP Morgan Chase, but in late August, Reuters reported that it is shutting down its proprietary trading desks. This is because of a new US law – known as the Volcker Rule – which limits the ability of banks to trade their own money in "operations unrelated to customer operations".

When they heard this, there was excitement amongst the silver bugs across the net. As they see it, one of the biggest sellers of silver would no longer be selling.

robpw2

gold .. is currently at a high hence why we have all these cash 4 gold places ...

xrjtg

MrEnglish wrote: »

The worlds governments and banks have so inflated and debased the worlds currencies that the amount of gold backing them up is at its lowest level in all history, EVER. In this sense, gold and silver are cheaper than ever before, even as it continues its steady upward climb.

That's not a sense: it's a nonsense.

bendix

And in related news, black is white and the earth is flat.