Letter Re: Gold and Silver Equal Future Purchasing Power
Jim Wesley: Today it is as difficult for a person to fathom gold at $5,000 per ounce as it was for a person to fathom $1,000 per ounce back in 2002. After all, hold a Krugerrand, in your hand and try to imagine it being worth the purchasing power of $5,000 – enough to buy a good running, nice looking used car. Dollar predictions of gold are naturally what a prudent investor considers — today’s Internet articles find predictions ranging from “headed back down to $500” to “heading up to $6,500 in the coming years”. I must admit, I have …