On the latest Goldseek Radio episode, Bob Chapman says: In 1921, 28% of the US population owned gold and silver shares In 1932, it was 20% of the US population In 1948, it was 30% of the US population In 1981, it was 26% of the US population Today, it is 0.8% of the US population Thoughts?
American population / (number of investors from the %) 1921: 108,538,000 / 30,390,640 1932: 124,840,471 / 24,968,094 1948: 146,631,302 / 43,989,390 1981: 229,465,714 / 59,661,085 2010: 305,689,000 / 2,445,512 was interested in the figures, so i thought that I would add them.... maths might be wrong (i think its good). Thats a massive drop! Another figure to consider is the amount owned by the individuals that are invested. Perhaps if the Kardashians or Justin Bieber were seen to be buying shares in gold or silver shares... they would get a small bump. Shares in Bvlgari and Versace may take a hit though
I saw that chart on another web site a few days ago, but I could not figure out how to post it. I also listened to John Hathaway's interview by Eric King and he stated that gold, as a percentage of US financial assets, was only 5% (July 31, 2010) now vs. 22% in 1980. He mentions this about 8:55. That would only be a 340% increase from current levels. That would not come close to equaling the true increase in inflation since 1980. http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/1/22_John_Hathaway.html
