12.6.19 - Precious metal prices dipped on profit-taking Friday after upbeat economic data boosted the buck. U.S. stocks rose on the back of U.S. jobs growth as Wall Street wrapped up a choppy week of trading. Gold last traded at $1,460 an ounce. Silver at $16.56 an ounce.
* Gold Outlook 2020
* An Election Year Recession?
* Trillion-dollar deficits as far as the eye can see
* Citizen Bloomberg
Could 2020 Rhyme with 1980?
By Craig R. Smith, Chairman, Swiss America-Forty years ago gold prices spiked up over eight-fold – from $100/oz. in January 1977 to $850/oz. in January 1980. (A 1980 gold price of $850/oz. would equate to an inflation-adjusted gold price of $2,574/oz. today).