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Public still not involved in gold bull market

By JGalt, on March 14th, 2011
FNB is laying the foundation for the public to get involved in the physical gold market.  For any bull market to run its full course, the public must ultimately participate actively.  This is why FNB will ultimately prove to do the bull market a huge favour as it brings awareness about gold investment to the public through its TV and internet ads, also providing the public with vehicles to own a bit of real money that will protect them in the final monetary collapse.
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With global gold refineries and mints already running short of gold supply, watch out overhead when we get the marginal demand from millions of consumers wanting only a single ounce of gold to profit from this gold run.  As Richard Russell of Dow Theory Letters fame said about the bull market:
“There’s something magical, mysterious and rather beautiful about a primary bull market. The bull market in gold has been in effect for over ten years, and the mysterious part of it is the way the American people have both ignored it and damned it.

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. As far as many investment experts and as far as most of the media is concerned, the great bull market in gold has been a non-event and an abomination.

So much the better for those of us who recognized the gold bull market for what it was and is. The gold bull market may be the biggest money-maker of the last two or three generations.

I’ve written before that bull markets don’t die of old age. Bull markets die of over-speculation and over-participation and thus, in the end they die of exhaustion. I’ve said all along that this is the way the bull market in gold will ultimately die.”

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.”

Taking real money to the public

Taking real money to the public

By JGalt, on March 14th, 2011 | Category: Big Issues

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