Silver now up 5.5%! My reason why gold is going higher. Friday 8/19

Gold/Silver: BULL
GDX/GDXJ: BULL
S&P/DOW: BEAR

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[ThamelasStormrage]

I don't get it. Why sell it when the price of gold equals the Dow? Why not hold on to it for more gains?

[bullorbearreport]

@ThamelasStormrage Too risky... Usually that's a peak even if it goes a bit higher. But over the next years usually it will revert and give back those gains and the Dow will rise back higher...

[Chismoso7]

Carl, where do I check the dow/gold ratio? What if I hold to my gold positions regardless of the ratio? I am a little overwhelmed now.

[bullorbearreport]

@Chismoso7 You have to do it manually. Just divide Dow Jones average by Gold price.

[pYura]

You are a complite fool. Thank you for the video, I will use it as a reference.

[yogiudo]

Sorry Carl, I won't be selling any gold for a basket of garbage US stocks.

I don't care if the Dow to gold ratio is a billionth of an ounce to one. It is garbage. I'm not touching anything out of the US or denominated in USD until the fundamentals have changed. Nothing. The fundamentals aren’t going to magically change just because the Dow ratio gets to 1 to 1. The US has structural problems and world oil production is peaking.

[onemindonespirit]

I want to avoid the "this time it's different" idea but I truly wonder if the stock market will go back up after a 2:1 or 1:1 fall. The gov just can't stop printing money. It worked back in the 80s to do that strategy, do you think it will happen like that again?

[clearasvodka]

@jimbobubbadj Of course but Fort Knox is not the only place where gold is stored. New York also is supposed to hold U.S. as well as other nations gold. My point is, an audit is badly needed so we can discover who stole our gold. Or, as it may be - who gave away our gold to the Fed and other banks? The U.S. Treasury only has I.O.U.s or lease papers for gold - not actual gold. The issue will come to a head when China backs their currency by gold and the U.S. cannot hold par...

[jimbobubbadj]

@martialarm I wish that you were wrong but I must agree.

[jimbobubbadj]

@clearasvodka What makes you think that there is gold at Fort Knox? They don't allow any audits so they obviously don't have any.

[jimbobubbadj]

@l1xx3r China is stupid if they are still buying treasuries. They should concentrate on their own people buying their products.

[jimbobubbadj]

@theMAXILOPEZpsycho I wouldn't sell any at all unless it was necessary.

[jimbobubbadj]

@ggadguy I agree. The Dow is toast.

[jimbobubbadj]

@bullorbearreport You are not looking at gold as being a currency here but only as an investment. One may want to hold onto their gold for survival and perhaps for retirement. You mentioned lack of faith in the fiat. The Dow is based on fiat. Without fiat the Dow is no longer. The government is not going to be able to provide retirement and government itself as it is now is in doubt. Gold has survived over time, fiat has not. You may want to rethink the selling of gold.