I agree.....historically it’s overpriced when compared to silver...the gold to silver ratio right now is like 60 to 1, whereas the historical ratio is 16 to 1......I’m sick of hearing all of our conservative talk show hosts push gold....they are not experts in metals, so they shouldn’t be pushing it to the listeners they supposedly value. the only thing worse is Hannity plugging GM.
I think Gold will fall slightly, and silver will rise greatly.
silver is over 17 now.
There are plenty of goldbugs on FR also. They’ll be here shortly to tell you how wrong you are. They were busy attacking me yesterday on another thread.
Randi Rhodes is plugging it on her show.. so its a pox on them all...
By the way, the capital gains on gold is 28%! Nobody tells you that on the radio....
historically its overpriced when compared to silver...the gold to silver ratio right now is like 60 to 1, whereas the historical ratio is 16 to 1
The same talk show host pushed adjustable rate mortgages just a few short years ago.