Precious metals are running up, but not by the numbers the experts have been predicting.
At about noon today in New York, $1,606 would buy: ONE ounce of August gold, or
39.3 ounces of August silver,or
927 gallons of August light, sweet crude oil,or
30.3 pounds of Uranium, or
Enough non-perishable food to last an adult one year if he (or she) has access to clean water. http://www.preppers.info/uploads/Food_-_One_Year_Emergency_Food_Supply_For_One_Adult.pdf
What are people buying? The ones who are going to starve are buying silver and gold.
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