Quote from: realr0ach on December 18, 2017, 12:14:55 AM

Quote from: sidhujag on December 17, 2017, 05:47:04 PM

It was 2015.75

Welcome to the bullshit world of Armstrong where he claimed gold was going to "crash to the abyss", what was it, $800 or something he said? Now he says this:

"How does this end? Armstrong says, Our computers are showing that interest rates are going to go up faster than anybody has ever seen in history. . . . You are looking at a doubling of interest rates very, very rapidly. . . . Gold and equities are the place to be."

First he was saying dump gold WHEN IT WAS AT THE FLOOR, now he says buy gold lol.

His train of thought I'm guessing is that if interest rates go to the moon like after the so-called "Nixon oil shock", govts would collapse from not being able to service the debt without trying to hyperinflate it away to make the payments lower. So all he's really saying is massive inflation on the way. Gold and silver typically vastly outperform stocks in hyperinflation scenarios, and metals are already right near cost of production floor anyway. Metals are a no-brainer over stocks. Stocks also take a jump off a cliff before going up when govts get into currency/inflation trouble like that as well.

Oil shock was a malthusian event which led capital to flee towards safe havens. Phosphorate which cannot be synthesized and used by farmers extensively went up much more than any other commodity. Now malthusian event just ended and even if another came bitcoin had dethroned gold as a safe haven just as I predicted when I told you the "next time btc passes gold in price it will be for good". I tend to be subtle in my comments hoping you would have the IQ to decipher my meanings but I was undoubtedly wrong. So now bitcoin which already will replace fiat is also seen as a better sov than metals.. hence the S based adoption curve we are seeing and an amazing price discovery with the likes of which we have never and will never see again in any asset in our or our childrens lifetimes.