Get Gold Now: “I Remember 1980…They Were Lined Up Around The Block”

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A lot of the establishment would have us believe gold is already in a bubble.

But if you look at the supply of gold above ground relative to the amount of money that’s been created, it’s money and it’s the bond market that’s in a bubble.

Yes, I suppose that one day that could happen.

I remember 1980, when gold went from $35 a few years earlier to $850.

I remember that time there was panic buying of gold by people in the streets of New York City. They were lined up around the block… to buy gold and Krugerrands at that time.

I don’t see anything like that now.

If I walk down the streets of New York and ask people, “do you think you should have five or ten  percent of your portfolio in gold,” most people would say, “No, no way. That’s ridiculous. It doesn’t pay you any interest. Why would you own the stupid stuff?”

So, I think we’re a long way away from that bubble.

I think people in the rest of the world and don’t trust their politicians to the extent that Americans do, are buying gold.

Certainly the Chinese are…

I suppose that we could see a bubble at some time.

I suppose that, as we saw in 1980, there will be huge amounts of people that finally lose confidence and throw in the towel on the policy makers.

And, then there will be a rush to gold like we’ve  never seen before.

And when people start to insist on delivery of their gold… for the huge amounts of paper that’s out there in the futures markets… And if those people on the buy side want to take delivery… the price is going to go to the moon. I really believe that.

Via: FutureMoneyTrends.com

http://www.MissionMining.com

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About Mission Mining

US Gold and Silver Mining - Our Nevada & California mining properties are anticipated to hold extremely large precious metals resources. The Company has posted over $400 Million in Assets in its OTC Filings. Come join us!
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