Three things of note as I see it. The first – 91 – is the simple fact that 91% of everything Walmart sells, with the exception of groceries, is made in China. Walmart has commissioned a new, sleek, container ship that holds 15,000 containers, and can cross the Pacific in five days, as opposed to close to two weeks with other container ships. It has a crew of but 13, a fourth of other ships. It comes to the U.S. fully loaded and returns empty. That’s why I never go into a Walmart. You?
The 92 is the gold silver ratio. Gold is 92 times as expensive as silver, making silver an outstanding buy. Why is the ratio so high? I think it is because Russia and China are buying lots of gold, plus everyone else in the world is afraid of an economic collapse, and gold’s price may be an indicator. If that happens, and the current boom has been going on for a record number of years and months, the salvation and safety is in gold. Silver too, but face it; it takes 92 ounces of silver to equal one of gold, and storage then becomes a huge problem for probably Russia, China, and big consumers everywhere, other than us small guys. Silver seems to me the way to go, since it is priced very close to the actual cost of mining, milling, smelting, and production.
The 100, is that I read last week the Russian Ruble is 100% backed by gold. Amazing! The U.S. dollar of course, is backed by the, “Full Faith and Credit of the U.S. Government,” so that should set your fluttering hearts at rest. Also the fact that Ft. Knox. doesn’t have any gold in it, and the stash of gold recovered after 911, had the U.S. labeled as the storage facility, not the owner of it. Now you all be thankful that Trump is in office and we live in America! Have a great Fourth of July.
don@coloradogold.com