Huh? Goldman’ s conservative forecast is $3500. Other legendary greats calling for 5,000.....IF ( I believe when) we have the currency crisis, 15,000 is likely. I watch all the internet gold sellers, most have been out of fractionals, quarter oz, half oz, for the last year! What does that tell you? Well, you can hack saw a AGE in half or quarters for small purchases, best to have 1/10th, and quarter US Gold Eagles BUT they have gone dry long ago.....AND a few mints have started minting 1/2 oz of silver rounds....think they did that “ just because”.....been in this for more than 20 years and I have never, ever seen anything like this....keep in mind Venezuela’s gold price( and Argentina) .....it happened in less than three years....
” Gold in Venezuela gained 252.69 Bolivar overnight with the last trade at 18,658.65 with Silver pushing up to 274.457 Bolivar showing a gain of 21.873. Gold under the Argentine Peso now has a 162,823.50 price behind an ounce proving a gain of 2,278.73 Peso’s with Silver gaining 191.88 A-Peso’s with its last trade at 2,395.11. Turkey now has Gold priced at 13,626.09 Lira, proving a 21.91 gain with Silver’s last trade at 200.477 T-Lira, gaining 13.728 since yesterday...”...Get.Out.Of.Paper. ASAP.
Have heard predictions that gold could go to 10,000 an ounce and beyond so that lines up with your currency crisis prediction.
No bites? For the thinkers, look at the wealthiest nation in South America, Argentina. In 2001 their Pesos was pegged to the dollar 1 to 1...the socialist government that crept in due to their CURRENCY crisis had a chilling effect....did you see what their gold price for one ounce was today?
162,000 Pesos....IF they had not experienced the currency crisis, socialism and maintained their 1 to 1 dollar peg, the price for an ounce of gold would be 1,850 pesos, not 162,000. This is happening all over the world, every nation’s paper unit is taking a beating against gold. Common links? 1) socialism 2) debt 3) currency crisis....every wonder why our money says “ In God We Trust? ....well, a Demoncrat just introduced a bill to remove that phrase from our money, hello Venezuela.....