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RE: Precious Metals Climbing a Wall of Worry.

in #market6 years ago

You can brag a little if you want to. ☺
You have been steadfast in your analysis.
I always enjoy when you bring out the old literature about economic or market rationales.

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@maneco64 putting things all in perspective and making substantiated arguments. I wonder if this ongoing exhuberance and manipulation is going to smack regular households hard or just a pat on the back for the long term precious metal holders. I'd choose the latter to be honest. But not keeping my eggs in one basket that's for sure. Just read this artikel on business insider and I quote:

' M2 money supply at last count was about $9.8 trillion as of March 12, 2012. This means that roughly 4.46% of US dollars in circulation are 'backed' by gold, the rest backed by false promises and goodwill.

In the UK, the government's Exchange Equalisation Account shows 9,971,000 troy ounces of gold on the books. At today's market value (1,054 British pounds) and the Bank of England's most recent statement on reserve balances and notes (259.5 billion pounds), Britain's gold supply constitutes roughly 4.05% of pounds in circulation. Simply put, the price of gold would have to rise 20-25 times in order for the US and British governments' gold assets to match the supply of money in circulation. '

That was 2012 how about now..

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