Saturday 16 April 2011

Something historic this way comes...the precious metals are shouting...

Gold at $1,486;  Silver at $43.05...(in USD) terms on Friday 15th April in US...

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/4/14_Jim_Grant_-_US_Will_Resolve_Debt_by_Returning_to_Gold_Standard.html

In the above interview on Eric King's website, Jim Grant, put's a value on gold in his own style...

“To me the gold price takes the form of a very uncomplicated formula, and all you have to do is divide one by ‘n.’  And ‘n’, I’m glad you ask, ‘n’ is the world’s trust in the institution of paper money and in the capacity of people like Ben Bernanke to manage it.  So the smaller ‘n’, the bigger the price.  One divided by a receding number is the definition of a bull market. 


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