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Re: princess blash post# 34

Tuesday, 03/07/2017 12:46:23 PM

Tuesday, March 07, 2017 12:46:23 PM

Post# of 1752
1,700 would be nice, I see gold is down today but inflation will come.

I hope soon.

But it is really simple; gold is money, cash is money. How much does it cost to mine an ounce or $1200 of gold -about $400 to $1,000 depending on the mine.

How much does it cost to print $1,200 of cash? Actually nothing as they 'print money' almost all digitally so the cost is the amount of energy it takes to move your fingers on the Fed. keyboard.

Not much.

In 1971 , before Nixon closed the 'gold window' where one could exchange one's cash for gold at $22 per ounce.

It now gone up, in 46 years 6000%.

Not bad.

I think gold will go....