gold price recovery coming
damn straight it is! fear and distrust are pushing the sheeples to dump all the gold juniors and explorers. selling begets selling! the money men are rubbing their hands in anticipation of scooping up new reserves at bargain basement prices because they got the herd moving. I theorized that maybe fort knox was empty?! at the us burn rate there was only a months supply of capex there anyways. I seem to remember that Germany couldn't repatriate their gold. if the us sold their gold supply at 1800 dollars an ounce to keep the economy afloat and feel compelled to re-stock it what would you do? I would tell Yellin to drop the price 'til nobody wanted it and then replace it. I seem to recall that china didn't want American dollars so what did we pay them with? Trust your instincts! You know the politicians are only interested in being re-elected and will lie, cheat and steal to achieve this. There's lots of inflation. a lot more than government is telling you. historically inflation was running at 7% and the middle class are getting squeezed into paying it. the government will change the yardstick to tell you that inflation is at all time lows. don't eat that Elmer 'cause that's bullchit. Gold is the only real currency, accepted all over the world, can't be printed or mass produced and don't accept anything but the real thing (especially gold certificates that are being mass produced as fast as American dollars)! The us is rapidly approaching deflation imho and I'm guessing the next step is devaluating the American greenback. the experiment on deflation has only been speculated. nobody knows how it will really play out but if you have lots of money you will still have lots of money probably! if you have gold you will have twice as many new dollars when they devalue the old dollar by 50%. pretium is falling into takeover range which I personally don't want to see because the premium won't amount to the return we expect to get by being our own producer especially at these firesale prices. be brave and don't be a sheeple!