Today one of the most connected men who has been in the business for more than half a century said when it comes to gold “we haven’t seen anything yet.”
We Haven’t Seen Anything Yet
November 1 (King World News) – John Ing at Maison Placements: “Gold has made its first big move. And we have to look at gold in the ‘70s and ‘80s. Gold went from $35 to $850, that’s something like a 2,300% move. Then the second big move was something like 653% when gold moved up to $1,900. Now gold has moved from $1,900 to $4,000. We haven’t seen anything yet. My sense is we’ve had the first move, and that caught a lot of attention.
But I can recall, as you can, when there were lines to buy gold bullion [in 1979-1980]. You can buy an ounce of gold at Costco now. And that is a reflection that retail is waking up to the reality that gold is an asset and a store of value. And so you have a big increase in gold demand. Given the fact that there is this demand, and given the fact that there is depleting supply, the only place we can find gold is the gold miners. All King World News readers need to listen to this interview with John Ing who has been one of the greats in the business for half a century. John is a man of great wisdom, and he discusses exactly what his contacts are sharing with him as well as where the price of gold, silver and the miners are headed and you can listen to it now by CLICKING HERE OR ON THE IMAGE BELOW.
To listen to Alasdair Macleod discuss what is happening with gold, and especially silver and the mining stocks CLICK HERE OR ON THE IMAGE BELOW.
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