An interesting contrast to the "developed" world. In the West, society, banks and government are actively destroying the middle class through falling home, business and paper asset values. Whereas in the BRIC nations, such as Brazil, they are dragging tens of millions out of poverty, and along the way creating 19 new millionaires per day.
Let that sink in and then reflect that during the last bull market in Gold and Silver the BRIC countries' people were overwhelming poor and or under communist repression, and none of their population participated in a market in which gold increased in price 25 times and silver 35 times. Now we have 100's of millions of people in BRIC nations with enough savings to buy some gold or considerably more silver, given this how can this bull market not end in multiples of the returns seen in the 70's?
No comments:
Post a Comment