Welcome To The Golden Minerals HUB On AGORACOM

Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

Free
Message: Re: Ed Steer today
1
May 30, 2009 08:03AM

Ed Steer is correct, except on a gold ratio to house ratio. The fact of the matter is if the U.S. was still on the gold standard you could buy a medium size home for {and I am calculating at a 47,000 to 1 ratio gold to dollar standard which was I believe 3 years ago} you could but it for 4 ounces of gold. I can't imagine what that ratio might be now that they have let dollars fly out of a helicopter. My guess is 1 tenth of a ounce of gold, but I would like to know what that ratio really is. All I know is the big kaboom is coming soon because the world wants there share of the pie. Have a good weekend all.

Share
New Message
Please login to post a reply