Richard Russell King Wolrd News Blog
http://kingworldnews.com/kingw…0_as_Media_Ridicules.html
...I've lived through bull markets in housing, commodities, stocks, silver, land. But in all my life I've never seen anything like the current bull market in gold...
...Today while gold is within a few percentages of its record high, I'm asked how high I think gold can climb. My retort is, "Wrong question, the real question is how low can fiat or irredeemable money fall?"
This time, gold has, so far, only multiplied five times -- from 255 to 1430. If gold was to repeat its 1970 performance and multiply 24 times, it would rise to over 6,000. But there's a difference between the two gold bull markets: This time the other half of the world's population (China, India, Asia) has been added to the mix. And this time, the very viability of fiat currencies is a part of the picture...
lg meggy