Robert Mish: Front-Line Evidence That We are Nowhere Near a Gold Bubble - Chris Martenson - buying, gold, Robert Mish, selling, silver: "Chris Martenson: So describe the typical seller today, is this somebody with the smallish collection, just has some gold, some silver, somehow?
Robert Mish: Well the typical seller today is really the opposite of who they were 30, 40, 50 years ago. People used to save either through a bank account to keeping some coins around, putting away silver dollars when they came back from Reno or Lake Tahoe. They would be buying some interesting furniture or jewelry and then they had income in excess of their expenses. Today so many households are stressed having expenses greater than their income or servicing a lot of debt that they are starting to sell the things, the heirlooms that they so prized before. So we are seeing people sell their Rolex they do not want anymore or cannot afford to keep, their old jewelry, their parent’s jewelry and belongings that they inherited. The coins they collected when they were a kid, it is sad in a way because what we are seeing is the dishoarding of a culture."
Posts
