Quote from: r0ach on March 26, 2017, 02:39:37 AM

Quote from: Shakfrek on March 26, 2017, 02:01:48 AM

Or gold going to $5000 by 2015 predicted back in 2009

Yea, this one is rather amusing because before he went to jail he gave the same numbers as everyone else if gold was to be re-integrated into the monetary system, which would be something like $20,000 an ounce if not higher. Then after getting out of jail he claims it won't go higher than $5000.

I'm in a slightly different camp where I believe that since countries like India, China, Russia, and random Arab states all have shit tons of gold, they're not that anxious to force a gold only system because it would benefit people too much who they...don't want to benefit. I don't really see any reason for them to try and stop or suppress silver at this point while elevating only gold. The FOA/FOFOA numbers of gold hitting something like $50,000 seem ridiculous in that regard. I think we're more likely to see $10k-$20k gold + astronomically high silver rather than $50k gold in any type of debt collapse remonetization scheme. Both China and Mexico also seem to be giving the green flag to silver as well.

I really don't know what's going to happen, and my best guess is that very few do. I can tell you all that our FedGov has shown it's incompetence / amorality / whatever by being unable to deliver the goods (botched NObamacare bill).

I suspect that gold is really going to zoom as the governments of the world start failing big-time and in an obvious way. INFLATION is the likely end result (although deflation could certainly happen first).

I value gold because it is the premier Store of Value. Not silver, silver in recent years has not been monetized (that I know of, and I am trying to follow all of this). Silver is used heavily by industry, but if we enter a Great Depression v. 2, will it go up in price? How about platinum?

I could live with $10k - $20k gold too. And I have just enough silver that should it take (unlikely IMO) a BIG price spike up, well, that's also OK.

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"I'm in a slightly different camp where I believe that since countries like India, China, Russia, and random Arab states all have shit tons of gold, they're not that anxious to force a gold only system because it would benefit people too much who they...don't want to benefit."

That's an interesting comment there r0ach, I had not seen that idea before.