OT>>Every 35 - 40 years, the price of gold/silver explodes... its been 36 years since the last explosion....

[www.silverdoctors.com]

Good by article by Steve Rocco, he follows every move in the silver market.
Duetsche Bank, Citibank, Barclays Bank, and a host of other biggies are close to collapse.
Many stock markets around the world getting hit.
China falling off a cliff
Stock Market collapsing
Bond Market close to the edge.
Real Estate Market weakening.
Many retail stores closing under performing stores.

Metals prices thrive in this environment, gold and silver should have huge upsides in the near future.
If you are thinking about when to get in, now looks like a great time.
PS...Im not a metals dealer.
HH



Edited 1 time(s). Last edit at 02/12/2016 01:13PM by possum mo.

It didn't explode a few years ago?

Ray, that was step 2. It usually goes in 3 steps. Step 3 is the biggie, and its close.
Another factor I forgot to mention, is inventories are extremely low.
The comex is almost out of gold, and we are also importing alot of silver to keep up with investment demand.
China, Russia, India have been importing a huge amount of gold from the west, sucking us dry.
When Americans decide to jump in, there will not be much inventory available.

"If you are thinking about when to get in, now looks like a great time."
...though 6 weeks ago looked a lot better, but was everyone saying 'buy' then?

It does rather look like a turnaround, I agree. A chart of DJIA expressed in Gold, 'Dow in Gold' shows a definite change in behaviour 2 months ago.

silverdoctors pimps gold/silver worse than Andy pimps his detectors/books.
Gold was at 1900 3 years ago after seeing 290 twenty years before that----define "explode"



Edited 1 time(s). Last edit at 02/12/2016 04:28PM by shoveler.

Just sharing info in an area I watch rather closely. I feel things are coming to a head. My opinion only. Not looking to argue, or put anyone's undies in a wad.
Some may appreciate it, some may not. Kinda like sharing new detector info.

possum mo Wrote:
-------------------------------------------------------
> Just sharing info in an area I watch rather
> closely. I feel things are coming to a head. My
> opinion only. Not looking to argue, or put
> anyone's undies in a wad.
> Some may appreciate it, some may not. Kinda like
> sharing new detector info.

Hey , I'll help you push this wagon up the hill all day long ,,,,,,the only thing I disagree with is the 36 year crap

The huge price increase I remember was in the late 70's under Jimmy Carter with a huge recession.
Of course a few years ago it went almost as high as in 78-79. But only price "explosion" before that was during the great depression.
No 35-40 pattern that I see,but all are related to bad economic times.

------------"Cz's still bad to the bone".------------
Living on a big ass Astroid.
The woman that got my rib,I want it back.

For info, here's a 200 yr gold price chart:
[goldsilverworlds.com]

The value of gold 100+ years ago, when it was used as real currency, gives an interesting insight into whether it's currently under/over/fair valued.
Using U.K figures: Our 1 Pound coin was a small gold coin in the late 1800's. Inflation data says that prices have risen by about 110-fold since then, so these coins should have a value of around 110 Pounds today (assuming no 'collectible' value). But they actually trade at around 200 pounds, ie. +80%.
With U.S figures: Double Eagle in 1900 was 20 Dollars. Inflation over that time approx 38-fold, so should be roughly 760 dollars in value. Currently selling for about 1300 dollars (plainest variety), +70% higher than 760 dollars.

There's plenty of ways to assess inflation (CPI , RPI , etc), so there are large potential variations in the above figures, but they do seem to suggest gold is over-valued at present levels. This, I feel, puts a limit on how high it can go in the next few years. It could double, but some of those 10000 dollar estimates seem far-fatched.
My hunch is it may stall at the 2011 highs, if it even gets that high.

How can anyone consider a chart of that nature substantive when the price of gold was controlled by government until the 70's?
The global currency is the dollar , not the pound.
The dollar today buys approximately 7% of what it did in 1913.

The use of the Pound was simply to show that it's not an exclusively US Dollar observation, even with a different currency and inflation rates, there is some similarity.

And as stated, inflation data can be estimated in many ways - you can find sources that state US inflation is 24-fold since 1913 (ie. 4.2%) and more for the 1890's figure I was trying to use ( I was avoiding using exactly 100 years ago data, as WW1 skews it)

Re:"How can anyone consider a chart of that nature substantive". It was just for interest, and it shows there's no '35 year cycle' as the original post title suggests.
I guess it was pretty easy for governments to control golds price in a low-inflation environment (up to the 1920's), but became increasingly hard as inflation raged.



Edited 1 time(s). Last edit at 02/14/2016 02:02PM by Pimento.

1920 pound vs dollar was~ $4.60
2016 pound vs dollar~~~$ 1.45

Yeah, that pretty well matches my figures. UK inflation divided by US inflation = 110 / 38 = 2.9
....and historic Dollar / Pound divide by current ratio = 4.60 / 1.45 = 3.2



Edited 1 time(s). Last edit at 02/14/2016 02:07PM by Pimento.

For those of you who follow the precious metals, this is huge news.

[kingworldnews.com]

The train is leaving the station.

zerohedge/kingworld proves a broken clock is right twice a day,,,,if you glance at it at the right time
I think it's more telling of the times that Canada no longer owns any gold. They have sold off the last of their reserves and believe the full faith and credit of the government is enough support their currency. A steady supply source has disappeared.
Canada is a Socialist country with national healthcare,,,,,maybe they finally ran out of others people money.

[www.cbc.ca]



Edited 1 time(s). Last edit at 03/05/2016 01:19AM by shoveler.

Actually, Andrew McGuire in based in London, and is right in the trading Gold pits. He has a very accurate view of whats going on. He is very well connected.
Read the article closely, especially the last section. This is a huge shift. I only post this for those interested in the metals.

[kingworldnews.com]

even the pros agree, lol.

Its been quite a run so far, though we should get a nasty correction at some point.
A lot of the mining stocks are up a few hundred percent so far this year.

My view on precious metals is that it is a store of value--- it doesn't pay interest or dividends. The currency ($) you buy it with & recieve when selling changes (in value) daily or even more often. I much prefer finding it with a detector than buying it. In a total financial & social collapse u may find iti's inedible. If one has a store of precious metal it is insecure if anyone knows u have it.

Hey Dale, talking about eating money, my wife ran out of lettuce to make a salad, so she threw a bunch of dollar bills in a blender, mixed in some ranch dressing. We tried to eat it but yuck, that was gross.
Then to top it off she made rice, and threw a bunch of dimes in it, and dumped some gravy on it. The gravy and rice wasn't bad , but those dimes were just unchewable, and had to spit them all out.
I imagine gold would not have tasted much better. So my wife and I decided we'll use the money in all forms to BUY food, instead of shortcutting and just eating the money. LOL. I hope I gave a few a cheap grin.

Gold maintains it luster, (and keeps better in the safe than lettuce does in the refrigerator) lettuce dosen't.

Hobo Wrote:
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> Gold maintains it luster, (and keeps better in the
> safe than lettuce does in the refrigerator)
> lettuce dosen't.


What's a safe??-----Quit finding all those shiny gold nuggies Darrel---I want some left for me when I get back down there!

Right now me thinks gold might have toped out temporarily-- cause george soros (who has a rather large hedge fund) has recently sold a large position in it & taken profits. It may be well advised to let the dust to settle so to speak.

D&P-OR Wrote:
-------------------------------------------------------
> Hobo Wrote:
> --------------------------------------------------
> -----
> > Gold maintains it luster, (and keeps better in
> the
> > safe than lettuce does in the refrigerator)
> > lettuce dosen't.
>
>
> What's a safe??-----Quit finding all those shiny
> gold nuggies Darrel---I want some left for me when
> I get back down there!

I'm not down there now, i'm in Nev