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QUESTION: Mr. Armstrong, it’s not arduous to grasp why the bankers and the federal government have all the time tried to silence you. I got here throughout a Google search of your 2017 forecast the place you stated the inventory market would double. The Dow Jones Industrials closed April 2017 at 22405. It reached 48,000 final month. There isn’t a different analyst who can forecast long-term such as you. Will you do one other technical evaluation seminar such as you did I hear in 2011?
Frank
COMEX Bar 1980
ANSWER: The strategies I developed was as a hedger for myself, I used to be doing about $30 million a month again in 1980. Adjusted with CPI that’s $113,400,000 monthly as we speak or abot $1 billion yearly manner again then. That was about 37,500 ounces of gold. At as we speak’s gold worth, that may be $150 million monthly. So after I say there was solely three of us large enough to make markets again then, it was not an exaggeration. It took a whole lot of capital to purchase gold from all of the sellers nationally, refine it, after which have to attend to receives a commission after the method. The minimal lot for refining was 100 ounces and it might take 6 weeks to receives a commission. A lot of the locations shopping for gold from the general public didn’t have that king of capital.
Let me see. I’ll cowl some methods on the WEC 2025 this yr. I have no idea what number of extra of those I can do. Life has a manner of catching up with you.
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