As the concept of a gold standard gains traction in mainstream media outlets, the price of gold will be at much higher levels. We're in the 4th inning of this decade-long bull market in precious metals time-wise, but the hockey stick curve is just beginning, trajectory-wise.
http://www.nysun.com/editorials/germany-eyes-gold-standard/87997/
By the way, Germany may have large gold reserves, but 90% of it is stored in the US, at the New York Fed, specifically. When the $hit hits the fan, good luck to the Krauts for taking delivery. Even if the gold is there (and there's no guarantee it is), it could quite possibly have been re-hypothecated many times.
Saturday, September 22, 2012
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment