Part 3/3: John Embry talks about gold, dollar, & mining stocks on KWN 2-6-2010
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I think gold might be moving higher today because of inflation. Back in the 80s it might have been a flight from the dollar and a run on gold. But good point.
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If gold drops to 100 dollars oz. Buy your loaf of bread for 10 dollars. If gold rises to 10000 dollars oz, buy your loaf of bread for 1000 dollars. Gold is a storage of wealth and is now only reacting to the dilution of the dollar.
EMPIRE0FLIES 2 years ago
@EMPIRE0FLIES
I tend to disagree with that if Gold takes a parabolic move, back in the 80s when gold shot up to 800s, I don't think food prices went up as much percentage wise and later crashed?
GoldSilverMedia 2 years ago