/biz/ - Business & Finance

Daily reminder that the US gold reserve has essentially stayed unchanged since 1970.
When monetary policy fails, fiscal dominance takes over.
When fiscal policy fails, the reserves of a country rise in proportion to the debt.
We´ve seen the gold reserve hit 25% of the debt before, it could do this again.
10% is the bear minimum.
With a bit of debt growth in the coming years we are talking about a $15000 to $40000 per ounce range.

In such a bull run, people will feel priced out, left out of gold.
They will run to silver.
A 30 gold-silver ratio is not unfathomable.
This implies $500 - $1333 per ounce silver.
All that needs to happen is a little bit more of these senile politicians spending like drunken sailors.

Stack accordingly.