Will people buy gold for $15,000?

[9pt9]

Dear Gold,

Please go to $15,000/oz real soon.

Love, Hyperinflation xoxoxo

[ellie3637]

the cycle just began, does this mean does the price of gold going even higher (to 15000)?

[TWSceptic]

@ellie3637 obviously

[kcrone1]

Maloney looks like he needs a nap!! HE'S BEEN PUMPING DAY AND NIGHT WITHOUT ANY SLEEP APPARENTLY!!

[SuperCulloden]

Today is August 28, 2011, Three weeks ago 'nayanmalig' posted saying that he found it difficult to sell silver because there seemed to be plenty of it around, and that even banks had no interest in it.

And why should they? There is no silver shortage.

During the month of June, silver mine owners were delighted at the price of around $35 as it cost them between $4.50 and $7.00 to mine and refine one ounce, depending on the location of the mine.

HARDLY A PRECIOUS METAL as 'nayanmalig' discovered.

[DetroitLove4U]

Why is that there are all these figure spot price ounce amounts? You have $4K, $5K, $8K, $10K, $15K, what's next? Makes me think of the Y2K scare. All this and that and a bag of chips and what did we wind up seeing - just a bag of chips. Videos should not make such analytical adumbrations. Both markets are manipulated more so silver. If JP Morgan could be lifted from the silver market realm of manipulative control silver would spiral upwards endlessly. Hyper inflation - I call it SUPER INFLATION

[JesusSatanAllah]

Yeah.. I'm rich!

[vladamirrrr]

when i watch these videos today, it makes me so mad that i didn't listen to myself before, because i was reading about that stuff 3-4 years ago...idiot!

[nayanmalig]

I live in asia & sometimes i found it difficult to sell silver because there seems to be plenty round. the difficulty in selling gave me a lot of pain. not so with gold. every tom dick & harry wants gold including banks here. no bank wants silver. maybe we're missing something big in this silver explosion story. who's right?

[zdrux]

@nayanmalig Silver will always lag behind gold. The typical person on the street isn't investing in Gold yet, that's how early we are in the Gold market, when the regular person will finally want to get in on the gold action, it'll be too late, and they'll all pile into silver, so it'll take silver a few years to catch up to gold. It'll start late, and finish late.

[nayanmalig]

@zdrux where i live gold is cultural. very heavily. silver is not. even when silver was completely outperforming gold I had a selling problem. very few wanted it. made me very uneasy. that's why I sold the silver & went for gold. I hated doing it. but i had to do it. couldn't take the risk. I was 100% on silver for many years with 0 % gold. now it's the other way around. but now I feel much more at ease. also many silver miners claim they could ramp up production to meet any demand.

[MrBigEnchilada]

@nayanmalig

silver is underrated

[Habeev07]

WTF everyone. only when silver is extinct will we even consider using copper in its industry applications. SILVER IS THE MOST USEFULL METAL ON EARTH. MOST RELECTIVE OF METALS AND MOST ELECTRICALLY AND THERMALLY CONDUCTIVE. THINK OF THE DANG FANTASTIC 4 SILVER SURFER MOVIE!!!!!!!!!!! THAT MOVIE MADE THE SURFER LOOK LIKE THE MASTER OF THE UNIVERSE.....my birthday no joke is 2012. im stacking

[HornetUK1]

the thing is i dont think we are ever gona want to trade are metal back for paper money unless they bring in a new currency

[back2thefutre]

will I be able to buy a loaf of bread with that $1500?

[vincentca2004]

@back2thefutre whatever one ounce of gold bought you back in the 50s and 60s would buy the same today, maybe a little less due to technological increases so lower production costs. If back then you could buy milk with one ounce of gold, in terms of dollars it will cost $1500 to buy milk at this time, as an example of course. So the answer to your question is yes, its not about the size of the number, its about what other people will give you for that number ;)

[enlighteneveryone]

The thing is... people don't know why you are investing for these two items. Gold is actually the most flexible metal known, and the most useful. It's the main item for spacial activity. If anything, Gold will have a very strong value for companies (not people) Silver may have a better repetitive aspect, but Gold has a very larger amounts of need, going for more important things in technology, which is the future. Although I absolutely HATE a monetary system (material or dollar).... gold >silver

[san123blue]

If wages remain the same, I don't think people will pay $3,000-$15,000 for an once of gold. not many people can afford that. I'd rather stock up on food and survival stuff.

But If wages go way up then yes, buy gold!

Also I bought some silver because that's something I can afford. And Silver is @ $35.00 an ounce which is still cheap ^ ^

[dx398]

Yes $15,000 Gold means higher prices for goods. BUT, if you have fixed debt incurred before the hyperinflation,your GOLDEN!, that debt can be easily paid off with some of your gold holdings. So? go mortgage the house and load up the lines of credit and put it all into to gold.

[dennie6666]

Yeah,the People will buy Silver-Onzes for 800$ in 2022

[SpiritSphere12]

i own 5 oz of gold so i would have about 75,000 in wealth holy crap!

[dennie6666]

@SpiritSphere12 Get Silver for Gold !

[dynomike1964]

MAN THOSE DIRTY FUCKING HIPPIES WERE RIGHT/

[MrSizzlingsilver]

I notice there is ONE dislike on this video. O.buma did it! LOL j/k

[paulzeaiter]

Can someone tell me that if the price of gold and silver skyrockets, and cash becomes trash, we could see the prices go to infinity, and there really wont be a price for gold and silver because no one will want to trade it for useless money. If everyone holds onto it and doesnt want to trade their gold and silver for useless cash that isnt worth anything, then what will gold and silver really be worth?

I would really love to get Mike Maloneys opinion on this.

Thanks

[ThePsyclopz]

@paulzeaiter hi, i have thought of that too. FYI, i do not sell gold or silver and have reservations about holding too much physical too. It must really be Armageddon for this to happen that people are selling their houses or stocks for gold and silver. I have some silver (still schooling so not much cash) but indeed if that day comes, i will be both happy and sad.

[andylutube]

@paulzeaiter, well i guess gold and silver would be worth its true value, at gold/silvers last peaks in 1980s, find out what an once of gold/silver could get you then, how many months rent, tailored suites, gallons of gasoline or bags of sugar could it an ounce of gold get you in 1980, but there are probably more people around in the world today that need wealth to survive than in 1980 so it could be worth more again

[andylutube]

@paulzeaiter 

[rgvhen]

Let's suppose gold hits 15k an ounce, that must also mean the price for gas, food, housing, all go up as well. If people are going to see a dramatic reduction in purchasing power, and the majority of people in the US are middle class and poor people, who will buy 15k per oz gold to "protect" their purchasing power, when they will be too busy trying to pay their electric bill, water bill...etc. I would figure then, that the metals will be used as money, instead of being sold for "currency".

[TheCashistrash]

@rgvhen you figured wrong. Just because you or your neighbor cannot buy gold does not mean it stops being real money and looses value. Gold and silver has been money for thousands of years world wide. Remember Gold was supposed to be the currency of Kings not the middle class. Silver is what the middle class used to use. The people that will keep gold will obviously be the wealthy and not the poor. Back in Jesus time one silver coin was a weeks wages for the common man.

[PreciousMetalinvest]

@rgvhen

The same people who own Twin Turbo'd Lamborgini's, yaughts, Mansions & drive around in Bugatti Veyrons...

When the value of papers collapsing an ounce is a ounce, especially when you cant find any to buy at any cost

Thats when I might consider selling / swapping for property etc with enough land to grow food & a small river to supply water etc

; )

[2000xlt]

if you have gold will you be able to sell it for $15K an ounce

[GoldMikeMaloney]

@2000xlt Yes you will always be able to trade gold for it is money. Regardless what happens to fiat currencies, gold will always be money.

[GoldMikeMaloney]

Markets are supposed to be about price discovery. Whenever someone says gold is at X amount of dollars there are supposedly buyers and sellers who have driven the price there.

In today's rigged markets price is less reflective of the free will of the markets and more reflective of manipulation and price fixing (starting with the fixing of money by the FED and central banks).

Once Gold is in the high 4 - 5 figure range, the free markets will be closer to the true free market price of monies.

[steve5123456789]

@GoldMikeMaloney Can you put gold in a bank?

[jea740]

@GoldMikeMaloney when will this start ?

[TheCashistrash]

@jea740 from studies inflation starts the moment that the money is printed which started when bush passed tarp in his last few months in office. Obama passed more stimulus spending. From the point in which the money is printed till the moment it hits the streets is usually 3-5 years. It has already been 2 years. People are expecting a rediculous amount of inflation the next few years. technically it has already started. Silver has gone up 50% in last 12 months and gold about 30%.

[yaahme]

@GoldMikeMaloney Bernanc had told the world when asked by Ron Paul that Gold was not money? Was the Bernanc drinking at the time, ill, or under orders to keep the ponzi scheme going?

[TheCashistrash]

@2000xlt yes there will be very rich people willing to purchase it from you. Altho it will get difficult to justify a high price for most people. So my advice sell it when you start hearing everyone say buy buy buy. When you hear people talk about it in the street on almost a daily basis that is the time to sell, because shortly afterwards Gold will crash.

[PreciousMetalinvest]

@TheCashistrash

Correct, when Gold is at the stage where 50 ounces buys an average home I MIGHT think about selling, it will all depend on the situation with gold

I could easily go as low as a few ounces per property.

[acts131]

@PreciousMetalinvest when the dollar crash and the price of gold, silver shoot through the roof who are we supposed to sell this stuff to?

[PreciousMetalinvest]

@acts131

The banks & rich people : )

[TheCashistrash]

@acts131 remember both gold and silver is MONEY. Gold and silver coin dealers are sorta like Banks. you are going to sell it to them in exchange for paper money. Some banks already are purchasing gold.

[Wittmann73]

got gold?

[danny3571]

People got to understand that 15000/oz gold in the near term is possible only if the economy goes into some sort of hyperinflation. But then everything else will go up by the same amount and in the end you gain nothing in relative term except protect your original dollar value. This is not a get rich scheme but rather a hedge against inflation.

[JohnLeeMD]

@danny3571 I agree with you Danny. One thing though: real estate wouldn't make the same proportional jump too would it? In that case, and if you are rich enough to have bought that amount of gold before the jump, you could convert your gold into real estate, no?

[TheCashistrash]

@danny3571 Well when everyone elses wealth gets destroyed by hyperinflation and barely have enough money to feed themselves. Yet you managed to preserve your wealth what does that make you? RICH Things will eventually pick up again and the people will have to restart from nothing. Yet if you have some wealth saved to invest in the new growth that will result after the crash you will have a substantial advantage. look at the people that invested in east germany when the wall came down RICH.

[TheCashistrash]

@danny3571 Buy Cheap and sell high is the way to go. look at the P/E ratio buy stocks that are undervalued but have strong fundamentals.

[OzClawhammer]

IMHO this is a case of 'Apples and Oranges'. The 1980 spike was related to the Hunt Bros. cornering the market in Silver, Au and Ag are traditionally linked and gold followed silver "up". It had nothing to do with the Russians in Afghanistan or inflation and economics which is why it fell as rapidly as it rose. To extrapolate a high of $15K/oz based on a peak caused by market manipulation is poor logic.

[Breycor]

This is a great book! Even those bearish on gold and silver should read it.

[ehswan]

As regards to what silver will do in future I imagine a pre '65 quarter will buy a mans labour for a day! I have many of them, what you got? Oh and a gallon of gas will cost $200 paper money! Got it?

[GoldSilver588]

That money supply chart is a famous misleading chart. I'm not saying it's a fake chart, but it missed one most important factor, which is how much money the market has lost. If the market lost $100T, printing $10T more money by government means nothing. That's why with massive government printing, we're still falling into deflationary.

[Zoughi]

The market does not lose money. Money does not disappear into this air. It just shifts between who is holding it and the money stays in the market.

[publicanimal]

@Zoughi Money is created out of thin air and disappears into thin air. It's called the Federal Reserve System. Wake up.

[mezonesxbox]

@publicanimal i think zoughi is awake. Remember, for every loss there is a win. Meaning yes, while your house loss 200k in value. You still have to pay that money for its part of the initial price you agreed on for the house. And even if you default and not pay that money the seller still made the 200k as its the bank or now adays inverstors that lost the best in the so called "derivatives" and they get bailed out anyways lol

[TenderTrap86]

There has been an increase in the money supply by 17.5 since 1980. What is the real number then?

[Zoughi]

@TenderTrap86 If money disappeared then there wouldn't be inflation. It's the pumping of money (through the Fed's money printing) into the market which causes inflation and devaluates the dollar thus boasting the price of gold and other comodities.

[TenderTrap86]

@Zoughi I know.

[smalden]

@GoldSilver588

I have not heard any other financial guru's talking about this. It seems to be an easy rebuttle against what Ron Paul, Mike Maloney and Peter Schiff are talking about in terms of money supply, but I have not heard anyone bring up this argument - namely that the government is simply printing the money that was 'lost'...

[kja5]

For every person LOSING money in the housing market, there was someone GAINING an equal amount of money at some point. Therefore, we are still heading for hyper inflation.

[davincij15]

Will people buy gold for $15,000?

Answer: Will people buy paper money when they see that world supply of paper money is $63 Trillion and growing at 5 trillion a year?

[debtinterest]

this idiot keep on saying government expand currency!! it is not!!!

[GoldSilver588]

Debtinterest is right in some ways. What we're facing is a credit crisis. The assests people used to have now just disapeared because of that. Imaging you had a house worth $1M, now it's $0.5M, so you've lost a whopping half million. Now what the government trying to do is to "print" that $0.5M back to you, just to call it even. With the massive amount of assets just disapeared, the goverment just couldn't print enough. They will have to keep printing just to bring the market back to it was.

[debtinterest]

no, it is not government who print moeny!!!

[pokermon919]

If what you're saying is we're printing lost credit, that means the money was never really there because its CREDIT not the actual money. So printing still equals inflating. Another thing, that $1m house might not have been ever worth $1m to begin with since the real estate market was inflated with a huge bubble.

[aeronhibby]

@debtinterest doesn't explain it well, but I think he's trying to say the Federal Reserve prints money, not the government. Which is true, the fed is privately owned, it is not the government

[cowboycarl04]

Not sure what silver will do in the future (maybe in terms of value in USD, it is already at the peak....anyone's guess), but I'm pretty happy nearly doubling my money in a year.... here's to hoping for another double...

[rentonsentinel]

Thank you, sir...

[debtinterest]

what about silver? silver at $1,000? that's just crazy!

[CoinsFreedom]

The dollar gold analysis will reset when they officially devalue the dollar and replace it. I wonder how high it will go just before the official devaluation?