Jay Taylor explains why how much a quantity of gold will buy is more important than the price of gold as denominated in U.S. Dollars or any other fiat currency.
Also, the GLD is almost at its 200-day moving average. I looked at the 3-year chart and it has not closed below the 200-day moving average once. I am buying soon!
He does not believe that printing money raises prices? What an idiot. Go to the stores, gas stations, college...etc. Costs are going up and have been ever since we have started printing money. This guy did not predict the financial collapse, so he does not have much creditability. I bet he lost money during the financial collapse. Enough said!
@Bmx33606 What you waiting for $1400?
iDIMi 2 months ago
Also, the GLD is almost at its 200-day moving average. I looked at the 3-year chart and it has not closed below the 200-day moving average once. I am buying soon!
Bmx33606 2 months ago
He does not believe that printing money raises prices? What an idiot. Go to the stores, gas stations, college...etc. Costs are going up and have been ever since we have started printing money. This guy did not predict the financial collapse, so he does not have much creditability. I bet he lost money during the financial collapse. Enough said!
Bmx33606 2 months ago