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“When Will Gold Reach $10,000 An Ounce?”
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In the second month of the RaceMarxist’s third term.
.82 yen = 1350
Way before then, properly molded ‘lead’ will be at a premium....that, and copper jackets, gun powder ———and brass, too of course!!
When oil reaches $500 a barrel.
Fiat money? LOL
Overlooking the slightly obvious fact that they have already made that inevitable.
Always had one nagging question.
The real crisis hits the world. The real shiite hits the fan. I own stock in the gold market but I’m shrewed enough to also own real gold coins and jewelry.
Okay? Okay.
Now, there is a global shaking economic crises that involves war, revolution, famine, and disease. Everyone that owned gold contracts make a run on the market making the false system crash.
But I was a smart cookie and hoarded some jewelry bought back when gold was $340. Dollars are worth nothing. Euros worth nothing. Yen worth nothing. Yuan worth nothing. Peso is still a peso. Gold contracts are worth less than the paper they are printed on. But I have real gold coins and jewelry hidden in my house.
One day, a few weeks after the initital crash, I run out of supplies. The whole world is shattered as I drive into town. Shelves are sparce at the Costco. But they have canned beans and a pint of rubbing alcohol, priced at 1 million Euros. I produce one gold ring which entitles me to the supplies. The cashier smiles as I walk away and immediately alerts her husband who blabs to other townspeople including the cops. Rumors run wild about hidden treasure. They all look at each other and think, “If he has one ring, he must have more.”
So my question, how safe is my investment, in the coming global crisis, when I’m dead from the mob of starving desperate bandits?
You’re in luck! I’ll take $10K for my gold today. You need to act quick though, this is a limited time offer.
Poor ol’ David lacks a proper historical perspective and his ignorance is showing.
He doesn’t realize that now and most of what he thinks he knows is anomaly. Gold is the way of the world for tens of thousands of years. The Bretton Woods arrangement and the current order is but 60 years old. Now is anomaly transitioning to the norm and gold as reference for valuation of all else.
Gold may not reach $10,000 an ounce. At some point in the future the Dow Jones Industrial Average will be equal to the price of an ounce of gold. It may well be $5,000. That will be the time to sell gold and buy stocks.
When the median home price in the U.S. is $1,500,000.