Loading ...There is an insatiable demand by governments and wealthy individuals to get out of fiat currency and into tangibles–this, we all know! These investors knew that gold and silver was “off limits”–so they poured money into real estate-mainly in the U.S.–also into ART AND OTHER COLLECTIBLES.
On Thanksgiving I was talking to a money manager at a party and he brought me up to date on prices
A 1972 Ferrari racer sold for 70 some million dollars- a young black painter who was active in the 80s and 90s-and since died-he had a little scene in lower Manhattan–his paintings are 20-30 mill–I had no idea that prices had just recently gone thru the roof–ditto manhattan real estate—just a few yrs ago if there was a 20-30 mill buck sale, it was a big deal–now 50 to 150 mill is being transacted–
OK, so what is the big insight?????? Just this: These same investors are looking at gold and silver-platinum etc and maybe oil….grains, too–but especially G&S and are realizing–that they are
THE LAST FRONTIER OF EXTREME, SEVERE, UNDERVALUATION—and I believe today is RECOGNITION TIME- FOR G&S-
Maybe Japan was the trigger…but the reasons to own gold require a very long list to cover them all–and all these reasons have been cavalierly and studiously brushed aside..,as Yogi would say: “It doesn’t matter until it does”
The recovery off the overnite lows for G&S are staggering! I could be wrong but this looks like the real deal…DYOD
JNUG MAR 20 2015 5.00 C – 10:43
Bought to Open 100c @ $1.10 – Total: $11,132.00