Some years ago a 'mentor' of mine Jim "Mr Gold" Sinclair was mocked for predicting $5000 Gold.
- He taught me a lot.
Well, here we are not much later and Gold is over $4000, and I just read a prediction that Gold is headed for $17,000.
Jim was a both a student and relative of famed Wall Street investor Jesse Livermore who often said "Be right, and sit tight."
- History bears this wisdom out.
So, as Gold outperforms Wall Street and the US GDP, IF the abstract concept of FIAT vs GOLD somehow doesn't resonate for you, consider this instead:
A $20 Gold Coin today buys:
- 500 gallons of gas
- 600 gallons of milk
- 600 dozen of eggs
- 3,000 first class postage stamps
VS
A $20 Dollar bill today buys:
- 6 gallons of gas
- 7 gallons of milk
- 7 dozen eggs
- 33 first class postage stamps
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