Ever since that, Day in Infamy" when FDR unwisely decided to melt down all the 1933 gold coins struck under Hoover. Thus replacing real money with paper currency $1-$10000 bank notes. Gone were the $5000 bills that could be redeemed in gold coin, all 20,50,100, 500, 1000, 5000, 10000 bills had that printed on the note. For almost 100 years, the Central bankers kept precious metal prices down. Now, there is a new player, China, they re buying all precious metals, and prices keep escalating. Shanghai silver now $90US and rising. Ditto for gold. Commies do have good ideas. I will predict gold will be 10K+ in 2 yrs, silver $500. My motto, "In God & Gold We Trust" Latest flash, China is buying all of Russian gold reserves, Putin is flat broke, selling the furniture.
