by Bill Holter, Miles Franklin:
While doing an interview a few months back with Turd Ferguson at www.tfmetalsreport.com , he made the comment “gold has never been more valuable than it is today”. This is so true and correct, I’d like to break it down into small pieces because from a historical standpoint there is no comparison to where we are today.
OK, I guess it would be best to first clear the air and address those who will say Turd’s statement is wrong because they paid $1,700 for their gold and are sitting on “losses”. Yes, from the standpoint of what gold will “fetch”, gold is “down”. Were you to sell it today or barter for a piece of real estate, it will take more ounces today than it would have two or three years ago. I get it and am not a stu-nod.
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