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To: muir_redwoods

Yes, but you have to turn your mind inside out...

The market value of gold would be 10 - 20 k per ounce. I think that this will come about sooner or later, when many truths come to light and markets determine value.

Silver is not to be disregarded in this new reality and has historically followed gold by a 20:1 ratio.


28 posted on 12/10/2010 7:33:53 PM PST by tired1 (Federalize the Fed)
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To: tired1

The price of gold with a return to a gold standard will need to be set in New Dollars with every new dollar worth, as an example, 300 old dollars (today’s dollar). Thus $15,000 dollar gold would be valued at $50 in new dollars.

The return to a gold standard will be an acknowledgment of the defacto devaluation of the currency that has been unfolding ever more rapidly, particularly over the last two years.

Facing the music and calculating the gold value that will sustain a convertible currency price is the most responsible, but unfortunately one of the least likely actions that our government could make.

Letting the market lurch and quake it’s way to the true convertible currency value as we are in the midst of risks greater and greater disruptions, possibly leading to the most unwanted outcomes represented by the four horses of the apocalypse.


33 posted on 12/10/2010 7:49:17 PM PST by Bob from Fairfield
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