It won't hit over 50 and if it even hits 50, that will last for half an afternoon. It hit 50 once when Nelson Bunker Hunt tried to corner the market about 40 years ago, and again about 20 years ago. Both times it crashed because people emptied their jewelry boxes and coin collections at cash for gold / silver shops and flooded the market.
It won't hit over 50 and if it even hits 50, that will last for half an afternoon. It hit 50 once when Nelson Bunker Hunt tried to corner the market about 40 years ago, and again about 20 years ago. Both times it crashed because people emptied their jewelry boxes and coin collections at cash for gold / silver shops and flooded the market.
Back then the end of the petrodollar wasn't looming.
Except this time when they flood the market, it will still get drained.