I have checked historical charts & I can tell you as of this typing, 09 Oct 11, gold is now overpriced in comparison to silver, oil & wheat. I would stop investing in gold & start investing in these 3 other commodities.
Gold/Silver ratio: 52:1
Gold/Oil ratio: 20:1
Gold/Wheat ratio: 270:1
These ratios are out of whack as far as historical averages are concerned. Gold did reach global peak production in 2000, however I do believe that these ratios will fall over the next 3 years.
If you like this video and what Mike has to say please check my channel for a free Mike Maloney movie! 10 episodes of gold and silver goodness! Thanks Guildy!
Inappropriate use the word 'astronomical' - $15,ooo is large but hardly 'astronomical' - astronomical numbers are more like 15 zeros - 1,000,000,000,000,000 - ie. something like the amount of paper money printed when the paper ponzi scheme ground to a halt in 2008 and 'astronomical' amounts of new money were needed to prop up the banks - now that was a proper context for the word 'astronomical' - but the mainstream media never decries the Establishment in such incredulous tones, do they now?
I understand his reasoning, but I seriously doubt his prediction will come true, at least in my life time...but don't get me wrong, I'm still a precious metal junkie for the long run...;) peace
TO ALL - I have a theory on the potential of Numismatics that I have shared in my most recent video "Numismatic silver vs silver bullion" And I want to hear what other people think about it.
So anyone who would visit my video and give me your thoughts on it I would really appreciate the feed back, cheers.
Don't hold your breath for too long, that Guy on screen is always over cooking the figures. I'd say $2000 in the next year or so shouldn't be too extreme an estimate, but remember we're in a bit of a downtrend at the mo' and most of us are waiting to see which way it goes right now.
I'm in a similar position. I own a house but am selling in anticipation of a price pullback. Then I could maybe buy one or two houses for cash. It's all about timing it right. My feeling is that now is not the time.
I tried to explain why I bought PM's to someone like this: If house prices go down by half and PM's double then I will have quadrupled my buying power. Not sure they got the maths though (doh). These dummies are out there in force and most of them have forgotten the late 80's!.
That's exactly what I told my Dad last night lol re: the housing price drop/PMs rise. It's still depressing waiting for it... I just want to buy my house/land for cash and be mortgage free and off grid.
I just noticed you're in the states, so things might be a little different for you. Over here in the UK house prices are still doing ok at the moment (it can't last for much longer though!).
I don't know how things are where you are but BlueCat just bought a 4 bed house for under $8000 (7 Oz's of Gold) including taxes. To put things in perspective for you: If I sold my 3 bed house right now I could buy 37 of those 4 bed houses that BlueCat bought. That's pretty crazy!.
That's crazy! The prices of houses for where I live is SUPER expensive. I could probably buy a 2bd condo for how much your house is worth. If I move to the country where there's no jobs, high buglaries/crime, and poverty the houses are still expensive. 1 acre raw land with no utilities is 45k. :-( I'm open to moving if you guys know a decent location with cheap houses, low crime, etc.
does any one else think that taking out a loan from the bank for 5 years would be worth while and putting it in gold? im a student so im thinking about it, any thoughts people?
Um honestly... If i was one of your friends i would advise you against it cause i wouldnt want to see you get hurt. However we're on the internet here so theres a bit of le-way. Im very tempted to say yes.
But it depends what your interest rate is, is it locked in, how long its for and can whoever you get the loan from wriggle out of it if it is locked in.
Im trying to think here also if i would do it. If it fails will you mind? Im sooo tempted to say yes but if cont
after youve paid off youre loan youre break even or down would you still not mind? Even if you were up slightly would it be worth the stress?
Theres plenty of questions u should ask yourself but one thing u should always do is prepare for the worst(but hope for the best)
That way no matter what the outcome youll still be happy. I know youve got money signs in your eyes and it could work out good just make sure youre fully prepared before you do it.
ya could you expand on what you mean, basical the way im thinking take out a 5 years loan and surely by then the second wave of this finanical crisis will have happened so gold surely will double at least? thoughts....
I have checked historical charts & I can tell you as of this typing, 09 Oct 11, gold is now overpriced in comparison to silver, oil & wheat. I would stop investing in gold & start investing in these 3 other commodities.
Gold/Silver ratio: 52:1
Gold/Oil ratio: 20:1
Gold/Wheat ratio: 270:1
These ratios are out of whack as far as historical averages are concerned. Gold did reach global peak production in 2000, however I do believe that these ratios will fall over the next 3 years.
SilverMalthusian 4 months ago
This has been flagged as spam show
If you like this video and what Mike has to say please check my channel for a free Mike Maloney movie! 10 episodes of gold and silver goodness! Thanks Guildy!
whygoldandsilver 1 year ago
Inappropriate use the word 'astronomical' - $15,ooo is large but hardly 'astronomical' - astronomical numbers are more like 15 zeros - 1,000,000,000,000,000 - ie. something like the amount of paper money printed when the paper ponzi scheme ground to a halt in 2008 and 'astronomical' amounts of new money were needed to prop up the banks - now that was a proper context for the word 'astronomical' - but the mainstream media never decries the Establishment in such incredulous tones, do they now?
BiggerThinking1 1 year ago
hahha flashing ur gold ur funny man!!
keep on uploading this kinda vid's! :-)
daPerik 1 year ago
@daPerik
Its always good to have a laugh :o)
GuildF40 1 year ago
Well well well, I wanted to upload this video, but it was not possible to download it in the first place.
Probably the best youtube video so far
ewffaces7 2 years ago
well good job i did then matey :o)
GuildF40 2 years ago
Lol 3:12 show off! :p
MoeKimura 2 years ago
..if we reach $15000/oz that is, if it happens quickly like he says then you won't be able to buy anything with dollars.
daveashe 2 years ago
Thank you for watching this video. Now spread it all over the internet and beyond !!!!
ewffaces7 2 years ago 5
I can't wait to make a video à la Jason Hommel : gold will go to 100000 dollar and silver 10000 dollar.
So there you go, Mike Maloney.
I hope you are not right on the money,because I will not sell at 15000 dollars per ounce. That's way too low !!!!
ewffaces7 2 years ago
Yep hyperinflation make all commodities values rise.
DirkChesterfieldEsq 2 years ago 2
Thank God I have Guns!!
5/5
MadBadVoodo 2 years ago
HYPERINFLATION!!! that's how bitch
donniebrasco24 2 years ago 3
oh! Gold!
*reaches for the screen*
*clunk!*
No gold for me?
:'(
0muffins0 2 years ago
I understand his reasoning, but I seriously doubt his prediction will come true, at least in my life time...but don't get me wrong, I'm still a precious metal junkie for the long run...;) peace
hiphopsocnroc 2 years ago
TO ALL - I have a theory on the potential of Numismatics that I have shared in my most recent video "Numismatic silver vs silver bullion" And I want to hear what other people think about it.
So anyone who would visit my video and give me your thoughts on it I would really appreciate the feed back, cheers.
Excidium567 2 years ago
Gold will provide a good bunsen.. Bunsen Burner.. Nice little earner.
GypsyHustled 2 years ago
Outstanding find, I do not see this clip anywhere else but here.
silverfuturist 2 years ago 3
All he is predicting is the collapse of the paper dollar....
frontier1701 2 years ago 2
yea that's all nothing major lol
GuildF40 2 years ago
Mike Maloney is saying $15,000 gold in today's dollars, not including inflation! With the collapse of the paper dollar, way higher.
silverfuturist 2 years ago 5
I get nervous when I hear that kind of talk gold isn't even 1/2 of it all time inflation adjusted high yet. That would be around 2600.
UU361 2 years ago 2
If we knew when the 15k oz gold is going to happen it'd be great. Some of us are sitting on the gold/silver waiting to convert it for a house.
starfish00000 2 years ago
starfish00000:
Don't hold your breath for too long, that Guy on screen is always over cooking the figures. I'd say $2000 in the next year or so shouldn't be too extreme an estimate, but remember we're in a bit of a downtrend at the mo' and most of us are waiting to see which way it goes right now.
ShillBasher 2 years ago
@ShillBasher
I don't really care about the price but it would be NICE to have a house someday. Otherwise, I'd just sit in my apartment and keep buying.
starfish00000 2 years ago 2
I'm in a similar position. I own a house but am selling in anticipation of a price pullback. Then I could maybe buy one or two houses for cash. It's all about timing it right. My feeling is that now is not the time.
I tried to explain why I bought PM's to someone like this: If house prices go down by half and PM's double then I will have quadrupled my buying power. Not sure they got the maths though (doh). These dummies are out there in force and most of them have forgotten the late 80's!.
ShillBasher 2 years ago 2
Oops.. I meant early 90's
ShillBasher 2 years ago
ShillBasher
That's exactly what I told my Dad last night lol re: the housing price drop/PMs rise. It's still depressing waiting for it... I just want to buy my house/land for cash and be mortgage free and off grid.
starfish00000 2 years ago 4
I just noticed you're in the states, so things might be a little different for you. Over here in the UK house prices are still doing ok at the moment (it can't last for much longer though!).
I don't know how things are where you are but BlueCat just bought a 4 bed house for under $8000 (7 Oz's of Gold) including taxes. To put things in perspective for you: If I sold my 3 bed house right now I could buy 37 of those 4 bed houses that BlueCat bought. That's pretty crazy!.
ShillBasher 2 years ago
Actualy I forgot to do the $-£ exchange rate, so with that in mind I could buy over 50 4 bed houses. H-O-- L-Y SHIT!
That being said I think they would be on the edge of a swamp in the worst part of Missisipy or some place like that.
ShillBasher 2 years ago
ShillBasher
That's crazy! The prices of houses for where I live is SUPER expensive. I could probably buy a 2bd condo for how much your house is worth. If I move to the country where there's no jobs, high buglaries/crime, and poverty the houses are still expensive. 1 acre raw land with no utilities is 45k. :-( I'm open to moving if you guys know a decent location with cheap houses, low crime, etc.
starfish00000 2 years ago
@ 0:28 - stop smoking Guildf40!
I stopped recently - easily too - message me if u want to know how!
thanks for the vid!
stellaconcepts 2 years ago 2
Same here, it's not too hard actualy. I did it without prescription meds. NRT's all the way baby : )
If you hook up with Rainstorm you could gee eech other along.
ShillBasher 2 years ago
@ShillBasher :))
ill do a video about smoking :)
i do have an electric cig ill start using that and try and stop :)
RainstormGB 2 years ago
Go for it man. Like I said; it's not too hard really. You just need to be commited. After/ during drinking is the hardest time.
Think of all the silver you could by with the money you'd save : )
ShillBasher 2 years ago
Ok, now I'm really curious. :-)
AfterTheFox75 2 years ago
How?
haserterr 2 years ago
Look what you have started mate
I was trying to have a sneaky one lol
BUSTED BY AN EX SMOKER TYPICAL :o)
GuildF40 2 years ago
lmaoooo....we all noticed!
doobsta 2 years ago
Who ya think you're kidding? Everyone heard that lighter. lol
AfterTheFox75 2 years ago
What is it with you guys and your secret methods? Spill the beans! I'm dying to know.
AfterTheFox75 2 years ago
some consider this good news.........i do not....this is just an indicator of how bad things will be.....:-{
skybirdbird 2 years ago 4
does any one else think that taking out a loan from the bank for 5 years would be worth while and putting it in gold? im a student so im thinking about it, any thoughts people?
monageasmear 2 years ago
@monageasmear
Um honestly... If i was one of your friends i would advise you against it cause i wouldnt want to see you get hurt. However we're on the internet here so theres a bit of le-way. Im very tempted to say yes.
But it depends what your interest rate is, is it locked in, how long its for and can whoever you get the loan from wriggle out of it if it is locked in.
Im trying to think here also if i would do it. If it fails will you mind? Im sooo tempted to say yes but if cont
NicosMind 2 years ago 3
after youve paid off youre loan youre break even or down would you still not mind? Even if you were up slightly would it be worth the stress?
Theres plenty of questions u should ask yourself but one thing u should always do is prepare for the worst(but hope for the best)
That way no matter what the outcome youll still be happy. I know youve got money signs in your eyes and it could work out good just make sure youre fully prepared before you do it.
Im near tempted to find out myself now
NicosMind 2 years ago 3
@monageasmear I would say, get your parent's involved and consider property ,lookinig at the current property market in the UK.
vividconcept 2 years ago
vividconcept:
Property?.. as in: Invest in property?. This sounds interesting, could you expand on this a little please.
ShillBasher 2 years ago 3
ya could you expand on what you mean, basical the way im thinking take out a 5 years loan and surely by then the second wave of this finanical crisis will have happened so gold surely will double at least? thoughts....
monageasmear 2 years ago
If you do that prepared for a stressful and emotional roller coaster ride. I think gold will swing wildly in all directions as it hits new highs.
silverfuturist 2 years ago 3
NEVER RISK WHAT YOU CAN'T AFFORD TO LOOSE !
Its a fair question but if we all said yes and some other SHTF thing came along you would be hunting us all down.
GuildF40 2 years ago
I feel like ive been on your videos very fast today. Before you even get you annotations up :P
NicosMind 2 years ago