Posted on 03/28/2014 8:46:41 AM PDT by blam
It’s unlikely that 100 million people would each buy half a kilo because probably not that many have $20,000 to spare. But it’s also unlikely because doing so would be 50 million kilos, or 50 thousand tons, and there isn’t that much for sale. Ft. Knox is alleged to have only about 8 thousand tons, and there are significant doubts whether it even has that much. The US only managed to deliver 5 tons (not 5 thousand - just 5) to Germany in an entire year.
I seem to remember the authors name from somewhere. Fight Club?
Now that gold is tanking, we will be flooded with ‘world is ending, GUY GOLD!’ articles.
The ads on TV will ramp up too.
Those that control the gold market are in a panic to unload the crap.
I heard an ad yesterday (Of course I know the guy is trying to sell) that said gold will hit $2,000 and silver will hit $50 before the year is out. Do any of you agree? Is this a buying opportunity?
Silver’s below $20. I’m thinking some tax return money’s going that direction.
I hope they are storing food as food prices will go up with everything else. If you have nothing to eat, a can of beans can equal a gold bar in value.
That was this morning. currently 1.3752, up on the day
Maybe.
My precious metal holdings are insurance only...not meant to be money-making investments.
Vitamins D is important to your health. You should get some every day but you can’t make a meal of it and you certainly need other nutrients as well.
Likewise physical metals like gold and silver. Have some. Have enough so it’s a bit hard to move it around but no one needs to hear again about eggs in one basket.
I agree.
All of the story posters in ZH are Tyler Durden.
Its kind of “their thing.” The story is not WRITTEN by Durden, just posted by them.
Agree....I take 10,000 IU daily.
The Antibiotic Vitamin
(Posted here 8 years ago)
Gold will never hit $2000.
China is crashing. They need liquidity and they will sell gold to get it.
The US is in a bubble. Gold will be sold to get liquidity.
Think about it. If Gold was going to boom, do you think they would be shilling it all of the time? Or would those Gold companies hold onto their gold and sell it later?
Gold will pop up again, and my bet is that it hits $700 before it hits $2,000. We are about to enter a deflationary period, not hyperinflationary.
And before you tell me about the Fed Printing, answer me why the Bank of Japan printed for the past twenty years before we see ANY inflation.
China has been buying like crazy in the last year as their economy has been weakening. Not likely to sell gold. They don’t need it for liquidity. Their central bank creates money like ever other one.
Ping for later.
Now that gold is tanking, we will be flooded with world is ending, GUY GOLD! articles.
The ads on TV will ramp up too.
Some of the are written by (a) Tyler. The ones that aren’t have an attribution at the top. Since this one doesn’t, it is one of the ones written by (one of the) Tyler(s).
Is this a buying opportunity?
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