www.armstrongeconomics.com
QUESTION:
Mr.
Armstrong; I listened to one of your recent interviews and you said
that silver may be better than gold going forward and that a gold
standard was pointless because you cannot fix the price of gold while
everything else floats. That was the best explanation I have ever heard.
So my question is are you referring to common silver coins dated before
1965?
HJ
ANSWER:
The silver to gold ratio peaked and has begun to turn. The problem with
gold is that it rallied rather than making a strategic low, which would
have set it up for a major slingshot. This failure to create the
slingshot low will temper its advance which is what we are beginning to
see now with the change in trend with respect to the ratio. Governments
are hunting gold and imposing all sorts of restrictions. From a true
barter perspective, silver coins will be easier to use if they end up
canceling the paper currency. This is highly likely in Europe first, and
then it will migrate to the USA.
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