Loading ...Nov 1998
This young lad from New Delhi landed in this storied land on November 7th, 1998.
Little did I know that a 400-ounce gold bar cost under $100,000 then.
Now it is over a million “bucks”.
How simple is currency devaluation.
Looking at the currency of my birthplace India, one just needs to use “INR” and “All time” data from https://goldprice.org/
Just imagine if that were to happen to USD.
I’m 49 now.
Thank God for the ultimate lesson in real money.
GL
One Smart Indian 🙂
Thank you Sir Fully, you’re too kind.
Smart is not what I’d call myself.
Semi-independent thinker yes.
So many teachers in this journey, but very few still alive.
It was heartwarming to read Jeff Kern’s latest missive yesterday.
Imagine if seasoned analysts like him are thrown off by the turbulence of the last few months …
“I remain long for the following reasons:
7/9/2024 USERX’s price was 11.90. I am not sure if this is a sell or a buy signal (16-20 index) because the indices contain mixed signals which are not easy to interpret. Signals can be buys or sells depending upon whether the 16-20 index is viewed as contrarian or non contrarian. In this case, the 16-20 index buy signal can be accurate.
7/18/2024 USERX’s index price was 12.28. The 660–664 gave a buy signal, however this signal is also not clear if it is a sell or a buy. The 16-20 index remains the same on its unclear buy signal.
8/6/2024 USERX’s price was 11.41 The 16-20 index is on a buy, however not sure if its an actual sell because some of the indices are xx’d out and the xxing out is quite complicated.
Therefore, all of the indices are uncertain and I remain on the overall buy signals from many months ago. Is it likely that we will get a definitive turn here”
http://www.321gold.com/editorials/kern/current.html
GL