Direxion Daily Junior Gold Miners Index Bull 2X Shares (JNUG)

[Montanore]

Why didn't both explode already? I've been hearing this year after year, decade after decade. Silver was supposed to do what Bitcoin did. During its pop to nearly $50 'experts' were saying it would go to $500 an ounce and gold was going to $10k an ounce. Why didn't they?

Because both are longer money--they're now just commodities that are very well-controlled by the central bankers.

Gold and silver have been money for centuries--yeah, I know. But try buying groceries or a tank of gas with a gold or silver coin. Ain't happening. You must first go to a coin shop or bullion dealer and get them to buy it low at the bid. Like all commodities, it has to be converted into debt dollars first before it can be spent. At least, this is the case in America.

Precious metals should be running RIGHT NOW after the traditional summer swoon. So far, silver and gold are trundling sideways.