RE:RE:CDN Gold up #47.15 #1,704,87Hi Jmgreen,
Search for Kiyosaki's videos about the topic on Youtube. In one of them he is comparing the valuation of gold to the number of US dollars in circulation since WW2. Obviously, when Nixon removed the peg in the early 70's the spread started to widen. The implementation of the QEs between 2008 and the fall of 2014, flooded the market with an additional 4.5 Trillion dollars straight from the printing press!!!! And yesterday, it was announced that the EU will rev the printing press into high gear as well. Also, the EU and 5 other countries including Japan now have negative interest rates…
The long and the short of this is that Gold is now actually cheap at $8,000...(even at $15,000 an ounce it’s undervalued)...