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Gold or Silver prices, what will make the prices go up?? Did we top out already?
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<p>[QUOTE="Juan Blanco, post: 1576351, member: 41665"]fatima-</p><p>I'm aware President Gerald Ford sign an Executive Order leading to P.L. 93-373 (repeal of Roosevelt's Exec Order 6012) permitting Gold ownership/trading by US residents after December 31, 1974. My question is HOW MUCH GOLD WAS SUBSEQUENTLY BOUGHT, as a result?</p><p><br /></p><p>I've been led to believe that alot more Gold was 'under the mattress' than everyone assumed - so I'd like to know <i>how much bigger </i>the market became from 1975 on. I'm doubtful, really.</p><p><br /></p><p>In the USA today, how many retail Gold holders are there (net dealers/brokers/jewelers/etc.) 300k? 600k? Do the math, that's just about 0.1-0.2% of the population, certainly not a 'huge market' you'll admit. As a percentage, I wouldn't be surprised to learn the Au bullion/coin hoarding base has actually SHRUNK since 1979.</p><p><br /></p><p>Love to see some hard data, either way.[/QUOTE]</p><p><br /></p>
[QUOTE="Juan Blanco, post: 1576351, member: 41665"]fatima- I'm aware President Gerald Ford sign an Executive Order leading to P.L. 93-373 (repeal of Roosevelt's Exec Order 6012) permitting Gold ownership/trading by US residents after December 31, 1974. My question is HOW MUCH GOLD WAS SUBSEQUENTLY BOUGHT, as a result? I've been led to believe that alot more Gold was 'under the mattress' than everyone assumed - so I'd like to know [I]how much bigger [/I]the market became from 1975 on. I'm doubtful, really. In the USA today, how many retail Gold holders are there (net dealers/brokers/jewelers/etc.) 300k? 600k? Do the math, that's just about 0.1-0.2% of the population, certainly not a 'huge market' you'll admit. As a percentage, I wouldn't be surprised to learn the Au bullion/coin hoarding base has actually SHRUNK since 1979. Love to see some hard data, either way.[/QUOTE]
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Gold or Silver prices, what will make the prices go up?? Did we top out already?
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