Gold to $60,000/oz? GATA's Adrian Douglas Talks Gold, Silver Manipulation, Pt. 1

[STFOURNARIS]

money that will have very little purchasing power and there for will go hungry sense food stores will have plenty of goods to sell but the price of such will be very high. he/she who just works for wages won't be able to afford food there for if you do have gold / silver you'll be able not only to buy food and anything you desire but just think of all the properties you can get with the gold and silver. that will be penis to the dollar of today's purchasing power.

hope this helps

[Bravesfan4500]

@STFOURNARIS It would be amazing to buy properties anywhere in ther world.

[STFOURNARIS]

i hear people say about food store food buy water and all that because there will be some sort of crisis. the only crisis you'll see is the price of every thing to go sky rocketing and then you ll simply wont be able to afford sense you ll be getting wages about same as today. now if you do have gold or silver there will be way to get what you need. the world wont stop trading and certainly not the banking and marketing . this who don't hold gold or silver, i believe will have to earn

[masterpatric07]

previous ratios are nothing,at those times the industrial use of silver was nothing compared with the industrial development of electronics like apple ipads,ipods,laptos,pc,waterpur­ification,solar panels and thousand more uses.i can say that it will be 1:1 to gold.forget 10:1 that is old news.

[hopeso]

@100silverpizza Well dickface,, I bought gold at 400 dollars some 6 years ago. Now, my small stash is valued at 4 times that. You don't need 200k to invest. You can buy 1/4 ounce, half and one ounce bars.

Are you six years old or seven?

[masterpatric07]

how can it possible silver reach prices next to $60.000 ?

that sounds too optimistic.i do not buy it

[alain2800]

inflation will drive the cost of food and energy so no matter what price you pay for gold the cost of living will go up aswell

[RockTheOcean4me]

From one extreme to the other. This week I read someone put a huge bet on silver 25/oz in June, then this, 60 k for one coin ? When will it happen 2341 ?

[zz911wasInsideJobzz]

The gold/silver average ratio throughout history is 10/1 (it's currently 46/1). So, if gold goes to $60K/oz then silver could go to $6K/oz..

Silver's < $30/oz atm. Also, silver has many industrial uses where it's consumed while gold is recovered.

Gold is the money of Kings!

Silver is the money of Gentlemen!

Debt is the money of Slaves!

Don't want to be a King or a Slave so I'm stacking silver. Yo Bernanke, keep printing that funny money and when hyperinflation hits, I'll be a rich MO'FO.

[SpiritSphere12]

i got 5 ounces of gold and if the price goes to 60,000 an ounce i can buy a really nice home with that new wealth!

[Bravesfan4500]

@SpiritSphere12 Well that is a sign to keep stacking silver and gold. Mike Maloney stated if we go back to a world wide gold standard the price per ounce would be $100k-200k per ounce.

[thisissilver]

what is his trademarked technique ? buy low sell high ??? ha ha ha

i don't need to pay $15-$40 for some subscription to tell me when to buy or sell.

how come it seems everyone in the bullion market wants to sell you their predictions ?

[martini926]

SIXTY THOUSAND??? NO SHIT???

[TheHolySpirit]

@martini926 Even if it only gets 5% of the way towards that amount it will mean a doubling of the current price. Look up Mike Maloney (whygoldandsilver / wealthcycles)

Start here: watch?v=QMwDynuruN4

[32937isready]

Gold to $60,000/oz?

[tesskansas]

Call me a realist or a pessimist. Another fiat currency will be off and going before the US starts backing the dollar by gold, or silver, or oil, or water, and whatever.

A mandatory international currency will happen before gold and silver ever become undesirable as an awesome asset.

Wonderful Interview - Thanks.

[drkevincampbell]

@reycabral Not based on oil reserves. Based on what happened to the Kuwaiti Dinar after Saddam was removed in the first gulf war. During occupation, the Kuwaiti dinar was priced around a USD 1 cent per dinar. After Saddam was extracted, the Kuwaiti Dinar went up to $3.60 in USD. I expect the same for the Iraqi Dinar.

[drkevincampbell]

@reycabral REVALUATION. Right now the dinar is valued at around 1100 dinars per US dollar. Understand Iraq has the second largest oil reserve in the world. Major US companies are setting up shop now. The government will soon be in place. The IMF just redefined the dinar last week as a viable currency. All that is left in revaluation. Many experts feel it will revalue similar to how the Kuwaiti dinar was revalued from .10 cents to $3.50 after the first Iraq war. Do the math.

[drkevincampbell]

@reycabral US Treasury is holding billions in Iraqi dinars. bush set this up years ago when he promised war would be paid for. When the dinar is revalued soon, the treasury will be completely out of debt as will our entire nation. This will be the biggest surprise to everyone. Congress members and many in the general public are loaded with Dinars. This could happen this month.

[myspen]

@drkevincampbell

Do you have any proof of this?!?? This seems like total hogwash!

[drkevincampbell]

@myspen Just look what happened to the Kuwaiti dinar. What's stopping the same to happen with Iraqi Dinar?

[beabro]

Bernanke is a kornholer! So is his mom! Bernanke manipulates his mom's rotten bunghole!

[drkevincampbell]

M3 dropping like a rock! Money is, and will be increasingly sucked out of the economy. I shake my head sometimes at people's lack of understanding. We are heading for a repeat of the 1929 deflationary depression. Fed printing cannot keep up with money destruction. Commodity prices will rise temporarily as they did in 1929, then the people will get wiped out and all prices will fall, including gold and silver. History always repeats!

[4rcane]

@drkevincampbell You're missing an important point. During the 1929. US was a huge producer and dollar was backed by gold. Whats soaking up all the money printing now?

[drkevincampbell]

@4rcane It's obvious economics was not your strongest subject in school. What's soaking up all the money printing now is money contraction. In fact, M3 is crashing due to bad loans, no lending and no spending by the consumer. The Fed can print all it wants but if the dollars don't move, it's deflationary. Debt creation is money creation. Debt default is money destruction. This is why Bernanke admitted we need more QE to stop deflation. But he's too late. Deflation is outpacing QE 10 to 1.

[morrissey8485]

@4rcane Spot on brother! Keep on schooling.

[Hendo1974]

Interesting!!!

[TadRapidly]

is he saying that BANKERS ARE BEING DISHONEST??!!!

NOOOOOOOO!!! ;-)

[truthsabre7]

If gold does hit 60K can you imagine what a pound of rice will cost?

[Bluudclaat]

Great great!! Bring on the truth!