Notes for Friday – February 12, 2016
The Panic of 2016 is continuing, just as I predicted, with further sharp declines in the equities markets around the world. The push for negative interest rates is continuing. I’m now asked: “Should I buy gold?” My answer: No, buy silver, and if portability is a concern buy some platinum. Presently the ratio between the price of gold and the price of silver is a whopping 78-to-1. That makes the long-term prospects for silver much better than for gold. Meanwhile, the price of platinum is $285 per ounce less than an ounce of gold! So that too is a better …