It’s unlikely that 100 million people would each buy half a kilo because probably not that many have $20,000 to spare. But it’s also unlikely because doing so would be 50 million kilos, or 50 thousand tons, and there isn’t that much for sale. Ft. Knox is alleged to have only about 8 thousand tons, and there are significant doubts whether it even has that much. The US only managed to deliver 5 tons (not 5 thousand - just 5) to Germany in an entire year.
I seem to remember the authors name from somewhere. Fight Club?
Now that gold is tanking, we will be flooded with ‘world is ending, GUY GOLD!’ articles.
The ads on TV will ramp up too.
Those that control the gold market are in a panic to unload the crap.
I heard an ad yesterday (Of course I know the guy is trying to sell) that said gold will hit $2,000 and silver will hit $50 before the year is out. Do any of you agree? Is this a buying opportunity?
I hope they are storing food as food prices will go up with everything else. If you have nothing to eat, a can of beans can equal a gold bar in value.
Vitamins D is important to your health. You should get some every day but you can’t make a meal of it and you certainly need other nutrients as well.
Likewise physical metals like gold and silver. Have some. Have enough so it’s a bit hard to move it around but no one needs to hear again about eggs in one basket.
Because in Japan you can’t buy those neatly packaged precious metals Copper, Lead and Brass!