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M C's avatar

Try to make a chart, of the GBP since 1860, as gold was fixed

@ 3 £ 17 sh 6p oz / vs todays @ 2150£ ton the goldfields of the world,

like New Zealand and Australia and south Africa

( S.Africa sold 1100 tons of gold in 1970 @ 35$us / oz, but are STILL in debt. !!

and even worse, the pound sterling was a POUND of silver = 14 oz of silver

= 14 x 30 usd = 420 usd/oz.

Is this the Con of the century/ever...?

Jesse Colombo's avatar

Exactly - all fiat currencies have devalued dramatically compared to gold. It's an outrage, but most people are unaware and blame various political parties instead of paper money and central banking.

IJ-Hizakurige's avatar

Thank you for your detailed reports, Jesse!

Your reports are always encouraging.

I feel that with the start of the new year, the silver chart is clearly changing.

President Trump will be inaugurated next week, and I think there will be some ups and downs with that, but I feel that silver is ready to rise.

Personally, I hope that silver mining stocks will also gain momentum as silver rises.

Jesse Colombo's avatar

Thanks for reading them! I am optimistic on silver, but it's going to take a bit more time for it to break out, as I just explained on X:

https://x.com/TheBubbleBubble/status/1880271738186985927

And once that happens, I expect silver mining stocks to do well.

I'm going to write a report about gold and silver miners soon.

IJ-Hizakurige's avatar

I read through all your posts on X as well, thanks again!

I also look forward to your reports on gold and silver mines!

Stephen's avatar

Excellent article