Other than currency devaluation, whats driving the price of gold and silver?
RW: Well, a lot of it is fear; gold is now basically considered to be money in many of the foreign countries, partially in the U.S., more overseas. I think a perfect example is Vietnam. It looked like they were going to have some things that would work out in their economy, and unfortunately for them, a lot of it’s coming apart. And they know from experience that if they can get into gold and hang on, they’re going to be a lot better off. And, China is the number-two gold producer now, we’ve been told. They’re not selling any and not only that, they’re buying it. Further, they’re encouraging gold sales to consumers. And Japan has been doing the same thing. The supply of gold is not going to be able to meet what people are after here, and that’s the reason for this breakout we’re looking at right now. We felt gold shares would separate from the regular stock market. I saw early glimmers of that this fall, a little bit of that in late summer. And now I am more convinced than ever that wi
RW: Well, a lot of it is fear; gold is now basically considered to be money in many of the foreign countries, partially in the U.S., more overseas. I think a perfect example is Vietnam. It looked like they were going to have some things that would work out in their economy, and unfortunately for them, a lot of it’s coming apart. And they know from experience that if they can get into gold and hang on, they’re going to be a lot better off. And, China is the number-two gold producer now, we’ve been told. They’re not selling any and not only that, they’re buying it. Further, they’re encouraging gold sales to consumers. And Japan has been doing the same thing. The supply of gold is not going to be able to meet what people are after here, and that’s the reason for this breakout we’re looking at right now. We felt gold shares would separate from the regular stock market. I saw early glimmers of that this fall, a little bit of that in late summer. And now I am more convinced than ever that wi
