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THE KRUGERRAND EXPERIMENT

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Uploaded by on Aug 31, 2007

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David Morgan takes to the streets to find out if Gold has reached it's top.

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News & Politics

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  • likes, 8 dislikes

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Uploader Comments (silverguru)

  • Are we at a top in gold? When I did this many were saying gold was at a top, gold was $650 at the time. We are now about double that... we will double from here. David Morgan

Top Comments

  • If a person asked me for my name and asked if I had any gold, I would obviously say no. If you have gold you shouldn't tell anyone, especially if it's physical gold.

  • that deer or antelope type is called a springbok.

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All Comments (71)

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  • He never gives it to the ones who know what it is because he think they'll snatch it....

  • it seems most women dont know! They're only interesting in spending spending spending!!!

  • take the coin and Ruuuuuuuuuuuuuuuuuuun ....

  • 07:58

    I have no idea!

    Aaaah... A KRUGER Rand! One of those!

  • @wildboy789789 im 20 and i have 4 of em'. i live in texas. you are not alone haha

  • do i understand anything wrong or do they get 1million dollars and dont react at all??????

  • Silver is heavily used in industry. Demand for it has outpaced production for the last 65 years (possibly longer). However silver prices have been kept (I believe) artificially low which is evidenced by a massive short position on the CME. Ordinarily any given short position should be able to be covered in 5-10 days. The silver short would take 145 days to cover (If all the world's production went to covering that position). As a result, I believe silver is *far* more undervalued than gold.

  • That said, I'm a huge fan of precious metals as a wealth PRESERVER, not a wealth BUILDER.

    Currently I hold a substantial portion of my portfolio as silver (but no gold). I believe gold has reached a peak (or will in the not-too-distant future) while silver has been woefully lagging behind. As investments, they should be at some sort of parity as both are precious metals, but silver has a few things going for it that gold does not.

  • Inflation won't render paper "useless" as currency. If you told someone back in 1970 that a gallon of milk today would be $3, they would be in disbelief and think no one would be able to afford to live. Yet as prices go up, so does the cost of labor (that means your wages). So in all, things remain at parity.

    What people are talking about is that if you sacked $100,000 under your mattress in 1970 you'd have been set (if you retired in 1970) but not in 2010. Smart wealth management is key.

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