I agree. The guy is on crack! Gold will NOT correct to $100. It will go to $700 at best when the IMF dumps its last bit of gold to further manipulate. Gold is just itching to bust out to $2k where it belongs pre-hyperinflation!
unless DRASTIC swings happen in currency values the price of gold will struggle breaking 1000 again, the this is negatively counteracted by jewelry and industrial demand, this is why +1000 is difficult without a currency scare, bringing to light gold manipulation (even though everyone knows that it's happening) and other factors...
the dollar will fall so gold will go up no matter what demand is (nominal value). adjusted for inflation gold ins't that expensive at a 1000. watch what happened to foodprices in the last 8 years. beer doubled, bread doubled, vegetables have become freaking expensive... gold will get pressured towards 1200 and beyond. but that just my opinion.
Stick it to the man and buy physical gold and silver not paper. There is not enough gold or silver to account for all the paper that has been sold. Worse than fractional reserve banking. A Ponzi Scheme.
Gold and silver can only go up... especially silver. Oil will go up. Food will go up in price all because the dollar will go down. All currencies are getting devalued right now. Wake up folks. Buying paper GLD isn't the best way to invest. It's best to actually own the physical gold, get some gold out of the country at the Perth Mint, and some junk silver. Get real assets before everybody wakes up one day.
If the gold goes down but it will go up again more than 1200. The world is really falling apart. Buy gold if you can. Hyperinflation on its way. Unfortunately.
I agree. The guy is on crack! Gold will NOT correct to $100. It will go to $700 at best when the IMF dumps its last bit of gold to further manipulate. Gold is just itching to bust out to $2k where it belongs pre-hyperinflation!
morrissey8485 2 years ago
He said "correct" a hundred dollars, which interpreted for the hard of hearing, means it will drop $100 from the current price.
mandatum 2 years ago 3
My bad. Thanks for the correction. In that case, I agree about the Gold correction of $100.
morrissey8485 2 years ago
unless DRASTIC swings happen in currency values the price of gold will struggle breaking 1000 again, the this is negatively counteracted by jewelry and industrial demand, this is why +1000 is difficult without a currency scare, bringing to light gold manipulation (even though everyone knows that it's happening) and other factors...
20RC5100 2 years ago
the dollar will fall so gold will go up no matter what demand is (nominal value). adjusted for inflation gold ins't that expensive at a 1000. watch what happened to foodprices in the last 8 years. beer doubled, bread doubled, vegetables have become freaking expensive... gold will get pressured towards 1200 and beyond. but that just my opinion.
jeffsst 2 years ago
Ponzi scheme it is. Anyone holding paper will be at the bottom of the pyramid. What a racket
EMPIRE0FLIES 2 years ago
Stick it to the man and buy physical gold and silver not paper. There is not enough gold or silver to account for all the paper that has been sold. Worse than fractional reserve banking. A Ponzi Scheme.
hooverdog1957 2 years ago
Gold and silver can only go up... especially silver. Oil will go up. Food will go up in price all because the dollar will go down. All currencies are getting devalued right now. Wake up folks. Buying paper GLD isn't the best way to invest. It's best to actually own the physical gold, get some gold out of the country at the Perth Mint, and some junk silver. Get real assets before everybody wakes up one day.
ggadguy 2 years ago
If the gold goes down but it will go up again more than 1200. The world is really falling apart. Buy gold if you can. Hyperinflation on its way. Unfortunately.
SilverRose09 2 years ago 4
this guy is a dumbass,
the G-20 will annouce a new currency and gold will sky rocket with silver
ScientologySucksAss 2 years ago 2
Bingo!
YankeeClippa 2 years ago