Loading ...During the times when the Dinesletter was created, in the 1960s
owning gold was against the law. So he recommended buying the mining shares instead. In a sense, its the same today. TPTB does not want people owning Gold so they keep playing games with the price to PUNISH gold investors.
Even with all TPTB’s bashing, Gold is $1220/oz. Far above the pre 1971 price of $42, that’s a factor of 29. That’s 29 times $42 = today’s $1222.
After the de-peg dollar/gold, Gold rallied from about $42 in 1971 to over $800 in 1980, 1,800% gain low to high, thanks to massive money printing, debts, deficits, wars, and a loss of confidence in the US dollar.
The next major low versus the official $42 ($140 black market) was year 2000, at $276/oz. Gold low of $276 in 2000 should be 10 times more than that $276 today.