The world’s two most important financial facts are these: fiat is the meme money of deranged government thugs, and gold is the money of glorious citizen kings.
Prices rebounded sharply from late-week weakness, briefly reaching $4,950 before ending higher despite a CME margin hike that raised COMEX gold futures margins to 9%...
The bull market for gold, silver, the gold/silver stocks, many other precious metals, and even near precious metals this past year or so has been nothing short of spectacular.
In India people will use all the price crash to buy physical gold and physical silver in all forms. Gold and silver prices have reversed significantly from the lowest price in the last two weeks. “People are thinking, OH I have lost a chance to buy at lower price in gold and silver.”
Year-to-date, Gold’s average daily percentage range is 4.2%, including one day of 10.9% and another of 16.6%; (the year’s daily median thus far is 2.6%)
