Yeah it's going up but NOT that fast...you predicted $2,000 in 05/2010 but it was only about $1,100...yes it's doubled in the last two years and it was only a third higher the previous period of two years.... if the economy doesn't improve....perhaps it will get there...and then I fear for the USA I really do.
Demand and supply is an economic model of price determination in a market.
Silver and gold is a good long-term investment for those who can afford it, BUT it seems to me that continuous growth of the gold price is clearly due to artificial market manipulation intentionally created by rich and powerful. By escalating people's interest and their further desires, it is obvious why price is continue sky rocketing.
@xxwaytoquickxx As of 5-22-2011 75grm 10k gold is worth $1519.79 Check my channel out for the latest in gold/silver /economy/ informative vids. Thanks
18:57 minutes of non-stop talking wasting our freaking life... stop pretending you care, do something, study? earn the money -.- but gold of it, i dont care, DO SOMETHING. this is a waste xD
@lizardgizard2002 Who looks dumb when its up over 50% in a hair over one year. Its still over 2 yrs until 12/21/2012 and the market is up only 40%ish since I put this out,.
Yes I must feel bad for all those people that got in gold at under $1K per oz now. therefore whom looks dumb? LOL
@endlessmountain If it is up 40% and gold increases at the same rate it has it will reach $5000 in over 16 years. Is that soon to you? Just admit it you are WRONG. THE DOLLAR ISD RISING FROM ITS LOW AND GOLD IS FALLING FROM ITS HIGH. Come on let me see one on-line scammer admit he was wrong.
@lizardgizard2002 Markets dont act that why. Look back at 1979 before making a comment like this and making yourslef look like an ass, which you have.
@lizardgizard2002 Where did you learn Math? If gold rises at 40% per annum from now it will be over $5000 in 4 years. Let me explain it to you 1350 plus 40% = 1890. 1890 + 40% = 2646. 2646 +40% = 3704. 3704 + 1.4 = 5186. That's 4 years. Where do you get 16 years from? And the next phase is likely to accelerate. a lot faster because of the extra QA that is coming. It's unlikely it will take as long as 4 years.
@lizardgizard2002 You have no idea what you are talking about. Study economics and then tell me what is going to happen to the once powerful now pitiful US dollar. I can't for the life of me fathom how the American people have let the two B's in Barack and Bernanke hijack and totally fuck the US economy and US way of life. What they have done is this:
Picture all the oceans in the world as having a plug at the bottom just like a bath. Ben and Barack have pulled all plugs. We're getting sucked in
Hey there Lizard. Before you open your mouth... or write something, do some research. In 1971, Gold cost $35 per ounce. 27 Mar 2011 @ 2351 (11:51 p.m.) Gold price is $1423.63. In 40 years, gold rose $1388.63. That's a little over a 40% increase in "profit."
Now look at the US Debt. June 30 1971 (just before we were taken off of the Gold Standard by President Nixon) the US debt was $398,129,744,455.54
The US Debt today, 27 Mar 2011 @ 2357 is $14,210,071,848,853.10. This means that we have increased our debt by 36%. If you really look at the debt vs. gold price they have worked in sync with each other. As debt rises, gold prices rise. This is not because the gold becomes more valuable, it's because the dollar becomes more worthless. So, you actually have to go out and use more dollars to buy products or gold. Simple economics.
Can gold reach $5000 an ounce. Yes! But that is only because of a few things. The devaluation of the dollar, the supply and demand for tangible assets, the economic status of US and World markets.
Can it reach that price? Yes! When? Well, that depends on the status of those key areas above. But, if our future looks anything like our past, you can bet that the price of gold and other assets will become ridiculously more expensive. My idea of soon can be up to 5 years out.
@bellcord since ur post 3 months ago gold is up almost 15%... it may take a while (or not?) for gold to hit $5000, but its still a better investment than most of the alternatives
2010 Bank Failures total 138 so far, costing taxpayers a total of $21,283,400,000.(21.283 billion). We are NOT IN A RECESSION! This IS a DEPRESSION! Actual Unemployment in the U.S. right now is 20%-22%. Barry Sotoro and his gang of thugs are LYING THIEVES! They are coming after 12 Trillion in pensions, 401K's, retirement funds, and IRA's. They want you broke & dead. Period. Silver has gone from $18 to $24 an oz. in 6 months.
$1320 an ounce! Keep it coming - just need to light the touch paper when the average joe becomes aware of his fractional currency deflation!! $5000 is perfectly possible soon!
'Coming Soon !' (it's been a year an a half.)...well, eh, Soon ...real soon...(When's soon?)..ah..just real..real...soon...(gold's at at less than $1250..)..Yeah, but soon, soon...(When are people gonna realize you're a shiteating moron?)...Soon really,really Soon..
@bellcord 2 words for u fucking idiot, MARKET MANIPULATION by goldman sachs, gold is going to $5000 SOON REAL REAL SOON, wake up before ur starving and homeless and eating my shit.
Come on you are crazy gold is not an industrial product. Gold is not a fashionable jewellerey anymore your reasons has no grounds. Besides the usa must increase interest rates soon. Please be a more responsible analysist dont make investors burn money...
@kenkencode I never said to buy gold. I only stated facts. However since this video gold has had a nice gain and the dollar is still fiat and limited to no tangible value.
@berryjs140 better and safer than what? Than dollars, I would say yes if you are talking the real physical metal. Gold can have longer term problems possibly, however in the near term it has maintained its bull market on the longer term charts. The media is still saying its looking like a bubble, which gives more reason to live this at this current time
A prime choice for silver bullion coins with extra collector value! The Third Reich produced millions of 90% silver coins. Each Nazi 5 Reichsmark coin weighed 13.88 g and contained exactly 12.5 g of fine silver. Almost half an ounze of silver in each coin. These coins are still readily available today! And besides their inherant value as silver bullion, they are also genuine Third Reich collectables thus adding to their value!
@JoF00l : Every society has done the same thing: the wealthy do NOT give accurate, up-to-date info to the poor. They like it where they are, and are not about to dilute their own position by helping others to achieve the same thing. I recommend "Goldfinger" the Ian Fleming novel. Chilling.
Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice.
I made my first major silver investment a month ago...thanks to info like yours online. I am getting ready to make another purchase in a few weeks...I have several 100oz bars, and lots of silver eagles. Does it matter the form I buy them in? Would you recommend some smaller bars..or more silver eagles...or should I look to purchasing more gold eagles?
if you have several 100oz bars then you are in great shape. In any ways you can diversify into different assortments, the more options that come back later on.
The eagles/maples usually cost more than the regular bullion, but its all good. If you have a lot more silver than gold, then having some gold on hand as more diversification is good.
so if Au is 1100/oz now and it goes to 5000/oz, is the difference going to be seen as profit or is it inflation?
After the crash of the USD, will Au/Ag holder be the wealthy? What might happen to the price of property? I'm not talking houses, but workable acreage.
I've posted that and haven't received an answer but I could assume land that can produce food will be of greater value although we don't know what laws will do in the future.
For Au/Ag, I guess the comparison would be to those who have lost purchasing power in a devalued currency. If 1:100 people saves in Au/Ag and 99 people lose value in their USD, that 1 would come out ahead simply because the other 99 fell back.
Very good information. I believe everyone knows what in store for the US economy. My question is, what is all this going to mean for us Canadians. Knowing that the US will be in for some serious inflation it kind of takes alot out of the soaring price of gold. Will we, as Canadians have a better chance of making some serious money from the unfortunate events south of the border. I think a video telling what this would mean for us would be interesting
If Gold goes to $5000 (or maybe when) that will be because BEANS are $100 a can .... that profit will be short lived when the money becomes worthless ............ I suggest, keep your GOLD and buy BEANS .........
if gold's going up to $5k per ounce, that means the dollar is most likely toward crash...which i think it's possible, but i don't know if that's a good thing even I have gold
The Feds will probably confiscate privately held gold long before it gets close to $5,000. That said, the Chinese and Indians are buying up gold by the ton now.
Very good video though. "Gold maintains it's value - it's the dollar that's declining."
I believe in chicken's, chicken's lay egg's, egg's give me chicken's and they give me even more egg's! Egg's and chicken's give me cash so I can buy real estate..
Give me ur gold and silver I give u a chicken! :-)
@jutjuber1able.. if you follow what is going on in the world.. you already know the answer.. now they are talking 1500 an oz next year.. and silver 40$ by the end of 2011
26.50 (about what it's going for now) is a good price for an oz of silver.. buy it as often as you can.. even if only a couple ounces a paycheck!
DOW 500, gold at least 10000, silver 200 are my conservative guesses. the derivative bubble is currently 1500 trillion $ high. once it pops, investers will take the little buying power they have left and rush to the exits - gold being one of them
@GuildF40 Regular visits to the 'gold shop' is probably one of the smartest ways to tell the system to 'go fuck itself'. You gotta have gold. You gotta have silver. Eventually the system's gonna go bust. Then what? Those with 'crap' and 'stuff' (including fiat currency) are going to be doing a lot of regretting.
Thank you for such a comprehensive & professional video. I have been buying gold now since the 750 level of the end of last summer and have never stopped. However telling familly and freinds why gold is going alot higher is difficult. I will deffinately pass this video on to freinds & familly. I am highly leveraged on positions around the 900 level & am waiting for the strong move to 2K. I am 90% sure that the move will come by Sept or OCT spurred on by the impending wars BTWN isreal & Iran.
Agreed 100%. I have watched this inflation since the Bush stimulus. I managed to get in before everything on the commodities got real bullsih again but still got in. I managed most of my silver investment go from 12-14 with a very reasonable +spot. I think I will take one more jump on both silver and gold before it snaps in the coming weeks. I have recommended most friends and family to do so as well. Will have to mail this vid also. Very nice work indeed.
I was refering to how we used to make 20-30 per hour as minimum wage back in the 50s and 60s when we adjust for inflation, which was the whole point of why I said and this video. Inflation is out of control, and wages have not went up with them. I also wanted to bring up the point that walmart and mcdonalds is making all the money by paying us shit, which has therefore lead to the economic collapse.
You act as if legislating a higher minimum wage won't increase inflation. If all of a sudden, people are making more money, landlords and businesses will charge more, leading to higher prices.
I will say it again - You cannot legislate higher wages. Higher wages come from higher productivity.
If you force a $15 minimum wage, you are going to see layoffs galore. Then state unemployment funds will run out, which will lead to more printing of money, which will increase inflation even more.
You act as if you don't understand me and/or you have closed doors
I said $15 because of the CHARTS. The charts show us, that they have been reducing minimum wage on us for a few decades since it topped at over $25 per hour (todays money)
And, seeing LAYOFFS GALORE, is a good thing. We need to have people unemployed so that we can get to my target of having over 80% unemployed over the next century. Jobs is nothing more than slavery, which technology can do instead.
I believe this is true. My grandfather was a cotton farmer in the Arkansas delta from back in the 1940's up until he died in 1977. The prices he was getting for cotton in the 1950's is the same that the farmers are getting for it now. He couldn't read or write but became a millionaire grwoign cotton. The cotton farmers now can barely pay their bills.
Let's see... They have gold to sell me. They are selling it becasue they state it will hedge or shore up the lossed value of our paper currency. But yet, They want my paper money in exchange for this gold?
Just as the panic of 1908 led to the creation of the Fed, there needs to be panic of some sort or some other form of impulse from the masses to expose the comex scam...
Until then, we won't be seeing any gold hikes...imo.... those playing the big game won't let their cash cows kick the dollar bucket...
all i ever see on tv are those trade your old jewelery for cash ! well i say fuck you !
id rather keep my gold than get a couple of dollars back which they know is going to collapse ! investing in gold is the safe way ! those big corporate banks and companies want all the real money to themselves. which is gold. while we deal with paper.
no, you are wrong. actually for an ounce of gold you will get 3 lbs. of wheat, 3 lbs. of sugar, 3 quarts of liquor, 1 gallon of bleach, a can of spam, and a blow job
holding gold is the only way to save your wealth if the dollar collapse. My grand parents had a lot of vietnamese dollars pre wartime and when the south lost the war all that paper ,money was worth nothing... Luckily we were a wealthy family and had a gold stash we lived relatively comfortable compared to others.
this crisis is 100% guaranteed based on the information of the dollar. This video is an educational video to inform people that gold will go higher because of how the dollar is created.
The people causing the crisis to deepen is ones like alan greenspan, ben bernananke and all of this quantitative easing to make the problem worse.
Good luck during this greater depression my friend.
Many people feel that $900-1000 is the bottom based on 1980's gold priced today w/inflation.
If you buy gold today you cannot lose money no matter what currency we go to or not, You may not get rich but you will hold on to your savings, not sure about stocks, bonds, or dollars.
Gold can go to 5000 an ounce but I guarantee you it will crash back down to 1000 within a few months. There is nothing you can do with gold except look at it or fill your cavities with it. Interest rates are already skyrocketing due to the bond bubble bursting. This will cause much more demand for dollars as you can get a better interest rate. So yes, gold can go really high but it will never stay there. Your better off owning real estate or agricultural commodities.
connect the dots where is all the gold dissappering to ??? manna? leaving the planet? waiting for the second/third/fourth coming? egypt pyramids had piles of monatomic gold dust not sand..this is why gold is so precious just look at what was used for killing germs in the ancient times or the darkages after hear the expression bleeding blue today? well if more peeps new of the healing properties of silver on a monatomic level. and how its the best known germicide .u would awaken.
because gold is the actual real money that was used for many many centuries, actually silver is even better. the banks printed these banknotes (dollars) which were supposed to be backed by gold, but they abandoned the gold standard in 1971 and created the fiat system which means that they just print money that is not backed by anything therefore making these banknotes are worthless.
I don't believe gold will get to $5000 an ounce. Right now all of the rich people are suckering in all of the naive into gold and silver. Once the collapse happens, the poor will have to sell to eat and the rich will buy cheap. All anyone has to do is look at how high the charts are for Gold / Silver and the Stock Market in General. Bottom Line: Get out of debt and make sure the basics are covered. Ie food, clothing, and shelter.
you make a good point, but for a short term right before the dollar completely collapses and gold and silver is at an all time high, you can invest your gold/silver in buying land with just a few ounces of gold and invest in agriculture and water. thats how you create true wealth, by disconnecting yourself from the monetary system.
if i trade my gold in at $5000/oz what do i get in return....its dollars. But the dollar will be useless. So my question is, what do i do when it goes up to that amount. Please someone clarify
If gold has a $ value to it, then it will still be worth something. When the dollar is useless then we are in a barter system (you can barter gold) or a new currency (you maintain your value)
Watch out for a possible bubble if gold goes very high, but if gold is 5K/oz and the average price is 3-4x higher, then you made a great investment.
However, it will always come down to what people will be willing to give it to you. You may only be offered $4.2K instead of 5K.
Your 5 grand in dollars won't be "useless",it will buy you what it used to take in dollars before the devaluation of those dollars-in other words,you maintain your purchasing power.
It may go much higher than just keeping up with the devaluation of the curency,it may overshoot its natural equilibrium due to frenzied buyers where it's driven many times higher than normal.
Either way,you're better off holding gold than paper.
You may gain also on the deal. If you buy GOLD at 1K and it goes to 5K. If your dinner cost $25.00 before and now costs $75 you would actually gain on that with 5x more on gold and 3x more on the bill. However, the point of it going to 5K was because of the dollar weakness and inflationary period.
I think agriculture is a good bet, people are buying cows in france, loaning them to farmers. farmer keeps the milk and male calfs and you get a 5% return a year
Very good prediction . I am trading gold as a swing trader and I always win, when I'm in a long BUY position. Silver is even better, because it moves faster and doesn't need so big margin.
anything can be possible look at how much oil came down to about $30 lowest from the highest about $150 so about the same thing. Dubai can go bankrupt anything can happen I guess. It's a crazy world.
If Gold goes to $5000, then Citigroup's share price will be worth $80 by that time. So will gold price go up crazily? very likely, but other asset prices will follow. Gold will preserve, not grow, value. I used to be a very solid gold/silver follower. Listening all comments from experts, but Mr. Market is an ultra expert.
since June 2008 Ive studied the economy and politics religiously every day, at the end of each day i feel quite anxious that i have to buy metals RIGHT NOW!! kinda feeling
every day i get that feeling, not once did i find people who offered arguments inducing a selling anxiety!! lol
But if gold and silver prices crash id prolly just laugh because i would feel like i was living in a crazy fantasy world
Gold and silver might go up a lot in the next year, especially if there is political instabilty in the world - North Korea acting up even more for example - but I believe the genral trend for the next 3 years (or even longer) is flat or downward.
Jim Rogers does NOT believe the gold price is being manipulated and he knows as much about commodities as anyone. He was interviewed a couple months ago and thought the question was ridiculous.
They did not ask him about silver. I don't see how anyone could come to the conclusion that silver is not being manipulated. It is a much smaller market and much more vulnerable.
I personally think that the gold price is being suppressed through the manipulation of the silver market.
I remembering vaguely that he said he thinks he will make more money in silver because its been beaten down so much, Ted butler is an excellent PM expert to listen too, as is James Turk
If the money system wasn't fcked shouldn't gold be 35/oz ?
Gold never was pegged at $20 for over a hundred years. Sure it can go up, but in US dollar terms the "value" of the money has already hit hyper-inflation. Sure gold can go to $5000 an oz but what will 5,000 dollar buy. You don't get rich it just maintains you're purchasing power.
Nice anaylsis. I flip flop bothways. The big problem is that the US government manipulates the price of gold. If they can print an infinite amount of money they can also buy an infinite amount of gold at any price. They can also flood the market with gold and probably still make a profit. Gold price manipulation has been going on for years now. If this is ever defeated gold should skyrocket. Peak gold/peak oil will also contribute to huge price increase once the downward slope becomes more rapid
Yeah it's going up but NOT that fast...you predicted $2,000 in 05/2010 but it was only about $1,100...yes it's doubled in the last two years and it was only a third higher the previous period of two years.... if the economy doesn't improve....perhaps it will get there...and then I fear for the USA I really do.
halcyonlurker 5 months ago
Demand and supply is an economic model of price determination in a market.
Silver and gold is a good long-term investment for those who can afford it, BUT it seems to me that continuous growth of the gold price is clearly due to artificial market manipulation intentionally created by rich and powerful. By escalating people's interest and their further desires, it is obvious why price is continue sky rocketing.
DocWog 5 months ago
Its ok with $5000 Gold ,but Silver can go to $1500 the next five years !!!
dennie6666 9 months ago
i have a 75 gram 10k gold necklace how much would that be worth? anybody know?
xxwaytoquickxx 9 months ago
@xxwaytoquickxx As of 5-22-2011 75grm 10k gold is worth $1519.79 Check my channel out for the latest in gold/silver /economy/ informative vids. Thanks
bad08dog 8 months ago
@xxwaytoquickxx u already sold it?
manoman0 6 months ago
Iv'e invested in a gun and some bullets to take my
1x8twist 11 months ago
oops oh oh manow a nui!! gold: 3/4/11 1460.00 LALALALA..oops
alexanderkarl11la 11 months ago
i want $10,000 for a 50lb bag of beans and rice, bring more gold
j1942okie 11 months ago
a slightly better video on this topic: /watch?v=-HaqwFJj4ZY
zsirszalona 1 year ago
this man is right--yes!
ivo2021us1 1 year ago
18:57 minutes of non-stop talking wasting our freaking life... stop pretending you care, do something, study? earn the money -.- but gold of it, i dont care, DO SOMETHING. this is a waste xD
GameStudiosNL 1 year ago
Tho gold may hit 5000 an oz 5000 will only be worth what a grand is today.. Sound correct?
bluesmann8 1 year ago
Look how the serial code numbers on the money need another line to write it all on to the bill. INFLATION SUCKS!!!
Bobster986 1 year ago
This has been flagged as spam show
make money online!
smartmoneyincome (dot) com
cheers
FitBodyandMind 1 year ago
Has "soon" come yet? Lol. Don't you look dumb.
lizardgizard2002 1 year ago
@lizardgizard2002 Who looks dumb when its up over 50% in a hair over one year. Its still over 2 yrs until 12/21/2012 and the market is up only 40%ish since I put this out,.
Yes I must feel bad for all those people that got in gold at under $1K per oz now. therefore whom looks dumb? LOL
endlessmountain 1 year ago 2
@endlessmountain If it is up 40% and gold increases at the same rate it has it will reach $5000 in over 16 years. Is that soon to you? Just admit it you are WRONG. THE DOLLAR ISD RISING FROM ITS LOW AND GOLD IS FALLING FROM ITS HIGH. Come on let me see one on-line scammer admit he was wrong.
lizardgizard2002 1 year ago
@lizardgizard2002 Markets dont act that why. Look back at 1979 before making a comment like this and making yourslef look like an ass, which you have.
endlessmountain 1 year ago 2
@lizardgizard2002 Where did you learn Math? If gold rises at 40% per annum from now it will be over $5000 in 4 years. Let me explain it to you 1350 plus 40% = 1890. 1890 + 40% = 2646. 2646 +40% = 3704. 3704 + 1.4 = 5186. That's 4 years. Where do you get 16 years from? And the next phase is likely to accelerate. a lot faster because of the extra QA that is coming. It's unlikely it will take as long as 4 years.
billsaintkilda 1 year ago
@lizardgizard2002 You have no idea what you are talking about. Study economics and then tell me what is going to happen to the once powerful now pitiful US dollar. I can't for the life of me fathom how the American people have let the two B's in Barack and Bernanke hijack and totally fuck the US economy and US way of life. What they have done is this:
Picture all the oceans in the world as having a plug at the bottom just like a bath. Ben and Barack have pulled all plugs. We're getting sucked in
shaund1970 10 months ago
@lizardgizard2002 @lizardgizard2002
Hey there Lizard. Before you open your mouth... or write something, do some research. In 1971, Gold cost $35 per ounce. 27 Mar 2011 @ 2351 (11:51 p.m.) Gold price is $1423.63. In 40 years, gold rose $1388.63. That's a little over a 40% increase in "profit."
Now look at the US Debt. June 30 1971 (just before we were taken off of the Gold Standard by President Nixon) the US debt was $398,129,744,455.54
webster2020 10 months ago
@lizardgizard2002
The US Debt today, 27 Mar 2011 @ 2357 is $14,210,071,848,853.10. This means that we have increased our debt by 36%. If you really look at the debt vs. gold price they have worked in sync with each other. As debt rises, gold prices rise. This is not because the gold becomes more valuable, it's because the dollar becomes more worthless. So, you actually have to go out and use more dollars to buy products or gold. Simple economics.
webster2020 10 months ago
@lizardgizard2002
Can gold reach $5000 an ounce. Yes! But that is only because of a few things. The devaluation of the dollar, the supply and demand for tangible assets, the economic status of US and World markets.
Can it reach that price? Yes! When? Well, that depends on the status of those key areas above. But, if our future looks anything like our past, you can bet that the price of gold and other assets will become ridiculously more expensive. My idea of soon can be up to 5 years out.
webster2020 10 months ago
@lizardgizard2002 ha ha you cant even spell gizzard! 1660+ BITCHEZ!
ducksmasher11 6 months ago
@bellcord since ur post 3 months ago gold is up almost 15%... it may take a while (or not?) for gold to hit $5000, but its still a better investment than most of the alternatives
pgncam17 1 year ago
2010 Bank Failures total 138 so far, costing taxpayers a total of $21,283,400,000.(21.283 billion). We are NOT IN A RECESSION! This IS a DEPRESSION! Actual Unemployment in the U.S. right now is 20%-22%. Barry Sotoro and his gang of thugs are LYING THIEVES! They are coming after 12 Trillion in pensions, 401K's, retirement funds, and IRA's. They want you broke & dead. Period. Silver has gone from $18 to $24 an oz. in 6 months.
TheDigitalWeb 1 year ago
@TheDigitalWeb im giving away 2 ounces scottsdale silver and 1 gram of pamp suissse.. contest wwwinvestnow101com
TheConsultant1000 1 year ago
Comment removed
KORKONEASDOLOFONOS 1 year ago
$1320 an ounce! Keep it coming - just need to light the touch paper when the average joe becomes aware of his fractional currency deflation!! $5000 is perfectly possible soon!
markkempton 1 year ago
'Coming Soon !' (it's been a year an a half.)...well, eh, Soon ...real soon...(When's soon?)..ah..just real..real...soon...(gold's at at less than $1250..)..Yeah, but soon, soon...(When are people gonna realize you're a shiteating moron?)...Soon really,really Soon..
bellcord 1 year ago
@bellcord put two and two together and putting 2012 should be said without saying.
I guess I should feel bad for those investors who bought gold at 950 and are only up 30% since this video came out.
endlessmountain 1 year ago
@bellcord 2 words for u fucking idiot, MARKET MANIPULATION by goldman sachs, gold is going to $5000 SOON REAL REAL SOON, wake up before ur starving and homeless and eating my shit.
lance627 1 year ago
@bellcord Very soon! Very soon......who is the moron know.
zorkox 1 year ago
@zorkox He's a troll plain and simple. Has his channel hidden and will no longer be able to respond on this thread with that user name.
endlessmountain 1 year ago
Come on you are crazy gold is not an industrial product. Gold is not a fashionable jewellerey anymore your reasons has no grounds. Besides the usa must increase interest rates soon. Please be a more responsible analysist dont make investors burn money...
kenkencode 1 year ago
@kenkencode I never said to buy gold. I only stated facts. However since this video gold has had a nice gain and the dollar is still fiat and limited to no tangible value.
The word is not investors, its gamblers.
endlessmountain 1 year ago
@kenkencode ur a troll, arent you, who pays u to post comments like this???
lance627 1 year ago
theres going to be another great depression /watch?v=Ro0HMvhVpvs Theres going to be another great depression
singlaprety12 1 year ago
This has been flagged as spam show
the manufacture-price of Gold is 4600.-US-Dollar per ounce
DerAdler2 1 year ago
inflation will make that worthless too
macrhuger 1 year ago
5k an ounce? no. unless there is a zombie apocalypse, no.
paintdataint 1 year ago
Hahahahaha! Wait.... wait. HAAAAAAAAAAAAAAAAAAhahahahahaha! Ok, ok. I'm good. 5,000.00 gold...... haaaaaaaaaaahahahahahahahah. Idiots.
bweazel 1 year ago
This has been flagged as spam show
LEARN THE INSIDER SECRETS OF THE SUPER WEALTHY !!!
30billionaireschangingtheworld dot kom
Steventk26 1 year ago
waiting...
gredangeo 1 year ago
@gredangeo keep waiting, It is only 2010 and still two and half years away from the end of 2012, so keep waiting
endlessmountain 1 year ago
@endlessmountain is gold or silver the better and safer investment
berryjs140 1 year ago
@berryjs140 better and safer than what? Than dollars, I would say yes if you are talking the real physical metal. Gold can have longer term problems possibly, however in the near term it has maintained its bull market on the longer term charts. The media is still saying its looking like a bubble, which gives more reason to live this at this current time
endlessmountain 1 year ago
This has been flagged as spam show
A prime choice for silver bullion coins with extra collector value! The Third Reich produced millions of 90% silver coins. Each Nazi 5 Reichsmark coin weighed 13.88 g and contained exactly 12.5 g of fine silver. Almost half an ounze of silver in each coin. These coins are still readily available today! And besides their inherant value as silver bullion, they are also genuine Third Reich collectables thus adding to their value!
Heidelager 1 year ago
Are we gonna believe this? money does cloud vision
GodsS0N1 1 year ago
ive always said money clouds vision
twjsbt 1 year ago
Why do metal bugs quote prices from when the Hunt brothers cornered the market like it has any validity..
JoF00l 1 year ago
@JoF00l : Every society has done the same thing: the wealthy do NOT give accurate, up-to-date info to the poor. They like it where they are, and are not about to dilute their own position by helping others to achieve the same thing. I recommend "Goldfinger" the Ian Fleming novel. Chilling.
buzzclick500 1 year ago
Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice.
George Washington
Rico8458 2 years ago
This has been flagged as spam show
Think about this.
Two investors........
One Has 5 Million Dollars in the Bank
One Has 5 Thousand in Precious Metals in His Closet
When the dollar crashes the investor with 5 Million will be broke, the Investor with 5 thousand in PM will be rich!
DeathOfTheDollar2010 2 years ago
endlessmountain, where do you see silver when gold is up to 5k?
rebtylite 2 years ago
0.5k-1.0k.
I have a silver 1,000/oz picture on the back of many vids as a price expectation for the late 2011, 2012 time frame.
endlessmountain 2 years ago
endlessmountain...
I made my first major silver investment a month ago...thanks to info like yours online. I am getting ready to make another purchase in a few weeks...I have several 100oz bars, and lots of silver eagles. Does it matter the form I buy them in? Would you recommend some smaller bars..or more silver eagles...or should I look to purchasing more gold eagles?
MissNevada08 2 years ago
if you have several 100oz bars then you are in great shape. In any ways you can diversify into different assortments, the more options that come back later on.
The eagles/maples usually cost more than the regular bullion, but its all good. If you have a lot more silver than gold, then having some gold on hand as more diversification is good.
endlessmountain 2 years ago
i realized that the gold will be $5000 becouse the DOLLAR WILL HAVE LOWER VALUE
itsAndrogyn 2 years ago
so if Au is 1100/oz now and it goes to 5000/oz, is the difference going to be seen as profit or is it inflation?
After the crash of the USD, will Au/Ag holder be the wealthy? What might happen to the price of property? I'm not talking houses, but workable acreage.
PandoraLeigh 2 years ago
Great question. Did you ever get an answer? I would love to know also.
be1still 2 years ago
I've posted that and haven't received an answer but I could assume land that can produce food will be of greater value although we don't know what laws will do in the future.
For Au/Ag, I guess the comparison would be to those who have lost purchasing power in a devalued currency. If 1:100 people saves in Au/Ag and 99 people lose value in their USD, that 1 would come out ahead simply because the other 99 fell back.
PandoraLeigh 2 years ago
I beleive land to grow food on will be like gold. I'm looking at acrage right now.
MYAR15SaysImFree 2 years ago
Hi !
While you have endless good logic and arguments, don't be surprised when the dreams don't pan out ever.
TsoyYeshchoZhivyot 2 years ago
thx 4 the video
k19741000 2 years ago
Very good information. I believe everyone knows what in store for the US economy. My question is, what is all this going to mean for us Canadians. Knowing that the US will be in for some serious inflation it kind of takes alot out of the soaring price of gold. Will we, as Canadians have a better chance of making some serious money from the unfortunate events south of the border. I think a video telling what this would mean for us would be interesting
jlfoisy1 2 years ago
Yup, pretty soon an ounce of gold will be worth $5000 of worthless U.S. dollars! :-P
taofledermaus 2 years ago
Gold has touched the DOW 1:1 or 2:1 every 30 or 40 so years...
I can see Gold 5000 DOW 15,000 in the next 5-10 years.
Check out a 100 year chart for dow against gold price
Adahondeayenh 2 years ago
If Gold goes to $5000 (or maybe when) that will be because BEANS are $100 a can .... that profit will be short lived when the money becomes worthless ............ I suggest, keep your GOLD and buy BEANS .........
campbob2 2 years ago 2
yes you are correct, its because of dollar weakness and likelihood of hyper inflation.
endlessmountain 2 years ago
If gold touches 5k/ Ounce then tht means im gonna be RIIICCCHH!! lol
kidzthesedayz 2 years ago 2
if gold's going up to $5k per ounce, that means the dollar is most likely toward crash...which i think it's possible, but i don't know if that's a good thing even I have gold
pongchen2000 2 years ago
i think the dollar falling is the only reason. It seems inevitable to happen though
endlessmountain 2 years ago
John Dennis money bomb Nov. 5th! Defeat Nancy Pelosi in CA 8!
thatmafiaguy 2 years ago
The Feds will probably confiscate privately held gold long before it gets close to $5,000. That said, the Chinese and Indians are buying up gold by the ton now.
Very good video though. "Gold maintains it's value - it's the dollar that's declining."
citizenfitz 2 years ago
$1049 right now
TruenotesMusic 2 years ago
Northwestern Mutual Life Insurance Company ( 152 year old company ) bought 400 million in gold .
CEO said "it's a store of value ."
That was in June. Do the math .
Precious metals - protect what value you have.
Europe Sept./ 09 - .65 for each American dollar.
Get it ..?
PM's all the way !
RenegadeTimes 2 years ago
I believe in chicken's, chicken's lay egg's, egg's give me chicken's and they give me even more egg's! Egg's and chicken's give me cash so I can buy real estate..
Give me ur gold and silver I give u a chicken! :-)
daPerik 2 years ago 4
IT'S OVER $5000!!!!!!!!
VikingNinjitsu 2 years ago
This comment has received too many negative votes show
Sell that gold
IWashMyOwnBrain 2 years ago
$1007/oz
RelicRoks 2 years ago
1065$ an OZ this morning 10/13...
up from $1007/oz when you posted...
someones making money (I am)
hope you are too!
cds162 2 years ago
i brought three 10oz gold bars .999 fine when it was $450 an oz in 2005, wish i would of brought more but I'm happy =)
RelicRoks 2 years ago
gold is 993$ today
going to 1200$ before the end of the year
cds162 2 years ago
@cds162 HOW DID YOU KNOW ???
jutjuber1able 1 year ago
@jutjuber1able.. if you follow what is going on in the world.. you already know the answer.. now they are talking 1500 an oz next year.. and silver 40$ by the end of 2011
26.50 (about what it's going for now) is a good price for an oz of silver.. buy it as often as you can.. even if only a couple ounces a paycheck!
cds162 1 year ago
btw i recommend viewing william black's interview on bill moyers, PBS. he was a regulator in the 1980s crisis and talks about the current crisis
stoneeh 2 years ago
DOW 500, gold at least 10000, silver 200 are my conservative guesses. the derivative bubble is currently 1500 trillion $ high. once it pops, investers will take the little buying power they have left and rush to the exits - gold being one of them
stoneeh 2 years ago 4
I agree everyone should have some gold & or silver.
Very good vid nicely presented & explained.
Off to the Gold shop again me thinks.
GuildF40 2 years ago 5
@GuildF40 Regular visits to the 'gold shop' is probably one of the smartest ways to tell the system to 'go fuck itself'. You gotta have gold. You gotta have silver. Eventually the system's gonna go bust. Then what? Those with 'crap' and 'stuff' (including fiat currency) are going to be doing a lot of regretting.
ToyMaster83 1 year ago
Hey guys im giving away 2 ounces of scottsdale silver and 1 gram pamp suisse gold bar . I am holding a contest on my site . wwwinvestnow101com
TheConsultant1000 1 year ago
great video, everybody should have Gold and Silver
Wittmann73 2 years ago 7
Thank you for such a comprehensive & professional video. I have been buying gold now since the 750 level of the end of last summer and have never stopped. However telling familly and freinds why gold is going alot higher is difficult. I will deffinately pass this video on to freinds & familly. I am highly leveraged on positions around the 900 level & am waiting for the strong move to 2K. I am 90% sure that the move will come by Sept or OCT spurred on by the impending wars BTWN isreal & Iran.
causechange 2 years ago
excellent, and it was my pleasure making this.
700 was hard for GOLD to get past, and the breakout of 1,000 is coming in the next few weeks and month (or two)
endlessmountain 2 years ago
The comment i'm replying to was a while ago, but currently the gold price is getting ready for a huge rally. This fall will be a gold owners dream.
PairoftheSocks 2 years ago
spot on mate $1006 right now :o)
GuildF40 2 years ago
Agreed 100%. I have watched this inflation since the Bush stimulus. I managed to get in before everything on the commodities got real bullsih again but still got in. I managed most of my silver investment go from 12-14 with a very reasonable +spot. I think I will take one more jump on both silver and gold before it snaps in the coming weeks. I have recommended most friends and family to do so as well. Will have to mail this vid also. Very nice work indeed.
devience666 2 years ago
Aren't you the genius who thinks we should have a $15/hour minimum wage?
ijust1 2 years ago
I was refering to how we used to make 20-30 per hour as minimum wage back in the 50s and 60s when we adjust for inflation, which was the whole point of why I said and this video. Inflation is out of control, and wages have not went up with them. I also wanted to bring up the point that walmart and mcdonalds is making all the money by paying us shit, which has therefore lead to the economic collapse.
endlessmountain 2 years ago
You act as if legislating a higher minimum wage won't increase inflation. If all of a sudden, people are making more money, landlords and businesses will charge more, leading to higher prices.
I will say it again - You cannot legislate higher wages. Higher wages come from higher productivity.
If you force a $15 minimum wage, you are going to see layoffs galore. Then state unemployment funds will run out, which will lead to more printing of money, which will increase inflation even more.
ijust1 2 years ago
You act as if you don't understand me and/or you have closed doors
I said $15 because of the CHARTS. The charts show us, that they have been reducing minimum wage on us for a few decades since it topped at over $25 per hour (todays money)
And, seeing LAYOFFS GALORE, is a good thing. We need to have people unemployed so that we can get to my target of having over 80% unemployed over the next century. Jobs is nothing more than slavery, which technology can do instead.
endlessmountain 2 years ago
I believe this is true. My grandfather was a cotton farmer in the Arkansas delta from back in the 1940's up until he died in 1977. The prices he was getting for cotton in the 1950's is the same that the farmers are getting for it now. He couldn't read or write but became a millionaire grwoign cotton. The cotton farmers now can barely pay their bills.
jc7622 2 years ago 3
Behearsoon, you're not very bright are you?
Breycor 2 years ago
Let's see... They have gold to sell me. They are selling it becasue they state it will hedge or shore up the lossed value of our paper currency. But yet, They want my paper money in exchange for this gold?
Sorry, that's a quazi ponzi scheme.
behearsoon 2 years ago
Not sure Gold is going to $5,000/oz but it may go to $4,999.99!
buzzz121 2 years ago
Just as the panic of 1908 led to the creation of the Fed, there needs to be panic of some sort or some other form of impulse from the masses to expose the comex scam...
Until then, we won't be seeing any gold hikes...imo.... those playing the big game won't let their cash cows kick the dollar bucket...
lymaeQ 2 years ago
gold will not rise to 1500 let alone 5000
Obama will intervene and bring the px of gold down... There is no free markets...
rosewood223 2 years ago
the powers that be are losing control. You also think that that Obama can do anything he wants LOL
Keep on betting against the mayan calendar. Its like betting against the harlem globetrotters.
endlessmountain 2 years ago
Derek hi. this vid seems more appriate now than ever. july 17. excellent work putting this together.
1mealperday 2 years ago
agree to 5k/oz but not soon and dow 7k
usdollar1977 2 years ago
maybe not gold but how about something that's real.
MrFagenabler 2 years ago
Wrong, wrong , wrong.
Stan1208 2 years ago
thank you for you lack of evidence
endlessmountain 2 years ago
all i ever see on tv are those trade your old jewelery for cash ! well i say fuck you !
id rather keep my gold than get a couple of dollars back which they know is going to collapse ! investing in gold is the safe way ! those big corporate banks and companies want all the real money to themselves. which is gold. while we deal with paper.
Terrible1 2 years ago
zeitgeist federal reserve, watch it
bucknasty20067 2 years ago 2
gold falling to $50 china making fakes.
palehuapalehua 2 years ago
That was very helpful info.Thanks.
psychientology 2 years ago
Thanks for the great vid, endless.
nepenthean 2 years ago
no, you are wrong. actually for an ounce of gold you will get 3 lbs. of wheat, 3 lbs. of sugar, 3 quarts of liquor, 1 gallon of bleach, a can of spam, and a blow job
CaptKangeroo 2 years ago 3
and a blow job
by a chick or a trans-gendered dressed as a cheerleader?
nepenthean 2 years ago 3
hoarding gold only slows down the economy further and is the road to total collapse.
and that's the scenario where you won't be abl to buy shit because of devaluation.
yes, it's buy or die.
dieper2dieper 2 years ago
holding gold is the only way to save your wealth if the dollar collapse. My grand parents had a lot of vietnamese dollars pre wartime and when the south lost the war all that paper ,money was worth nothing... Luckily we were a wealthy family and had a gold stash we lived relatively comfortable compared to others.
jystyle 2 years ago
ok, so your one of the people hoarding and causing the crisis to deepen because
you guess you will end up at least having it better than others even if it means you have to lose a lot yourself.
dieper2dieper 2 years ago
this crisis is 100% guaranteed based on the information of the dollar. This video is an educational video to inform people that gold will go higher because of how the dollar is created.
The people causing the crisis to deepen is ones like alan greenspan, ben bernananke and all of this quantitative easing to make the problem worse.
Good luck during this greater depression my friend.
endlessmountain 2 years ago
I got my gold for freehehe xD
Im'ma get some more soon =D
AntiYTScummmm 2 years ago
now, do you feel your stepping in in the beginning of this goldbubblepyramid ?
no of course not.
my advice, but thuings you need for the next decade or so. a new waterheater ? a new roof on your house ? a new fridge ? solarpanels ?
buy them now your money/gold are still valuable. later you may not be able to afford this anymore if the crash continues.
and it helps the economy going again.
dieper2dieper 2 years ago
it won't happen.
if the goldprice rises enough people will want to sell again.
then they will find out the banks don't have the money to back the gold.
banks will crash even worse.
fools, why do you jump into every pyramid scam you people see ?
let me tell you the secret, pyramid scams only work if you start them yourself or step in in the very beginning.
all the latecommers loose their weatlh
to the people who joined first.
thats how it works.
dieper2dieper 2 years ago
Many people feel that $900-1000 is the bottom based on 1980's gold priced today w/inflation.
If you buy gold today you cannot lose money no matter what currency we go to or not, You may not get rich but you will hold on to your savings, not sure about stocks, bonds, or dollars.
buzzz121 2 years ago
Gold can go to 5000 an ounce but I guarantee you it will crash back down to 1000 within a few months. There is nothing you can do with gold except look at it or fill your cavities with it. Interest rates are already skyrocketing due to the bond bubble bursting. This will cause much more demand for dollars as you can get a better interest rate. So yes, gold can go really high but it will never stay there. Your better off owning real estate or agricultural commodities.
30percentplusreturns 2 years ago 2
connect the dots where is all the gold dissappering to ??? manna? leaving the planet? waiting for the second/third/fourth coming? egypt pyramids had piles of monatomic gold dust not sand..this is why gold is so precious just look at what was used for killing germs in the ancient times or the darkages after hear the expression bleeding blue today? well if more peeps new of the healing properties of silver on a monatomic level. and how its the best known germicide .u would awaken.
2giveup 2 years ago 2
tell me more about that...where did you read that?
maximusTLP 2 years ago
This one got saved under my "Insane Posts" area of my bookmarks
AirelonTrading 2 years ago
Stop saying the dollar is backed by nothing,
The dollar is backed by the fool faith and trust in the US Government.
Martintfre 2 years ago
well you are right, about by nothing.. But i would rather say backed by DEBT instead over NOTHING.
endlessmountain 2 years ago
what nonsense
your money is backed by the human and natural resources of the USA as well as by carrier groups and silos with ICBMs in them
maxine2win 2 years ago
he sounds like a very greedy gay con man
moniequa 2 years ago
If dollar will be useless why do you we valuate gold in term of dollars?
moniequa 2 years ago
because gold is the actual real money that was used for many many centuries, actually silver is even better. the banks printed these banknotes (dollars) which were supposed to be backed by gold, but they abandoned the gold standard in 1971 and created the fiat system which means that they just print money that is not backed by anything therefore making these banknotes are worthless.
maximusTLP 2 years ago 2
I don't believe gold will get to $5000 an ounce. Right now all of the rich people are suckering in all of the naive into gold and silver. Once the collapse happens, the poor will have to sell to eat and the rich will buy cheap. All anyone has to do is look at how high the charts are for Gold / Silver and the Stock Market in General. Bottom Line: Get out of debt and make sure the basics are covered. Ie food, clothing, and shelter.
JoeShmoe65 2 years ago 2
I think you are right
moniequa 2 years ago
you make a good point, but for a short term right before the dollar completely collapses and gold and silver is at an all time high, you can invest your gold/silver in buying land with just a few ounces of gold and invest in agriculture and water. thats how you create true wealth, by disconnecting yourself from the monetary system.
maximusTLP 2 years ago 3
Self starting videos on your home page are annoying.
aandras22 2 years ago
you are right... I can't fix it so I took it off... I don't know why.. i agree with the annoyance.
endlessmountain 2 years ago
if i trade my gold in at $5000/oz what do i get in return....its dollars. But the dollar will be useless. So my question is, what do i do when it goes up to that amount. Please someone clarify
peppytwo 2 years ago
If gold has a $ value to it, then it will still be worth something. When the dollar is useless then we are in a barter system (you can barter gold) or a new currency (you maintain your value)
Watch out for a possible bubble if gold goes very high, but if gold is 5K/oz and the average price is 3-4x higher, then you made a great investment.
However, it will always come down to what people will be willing to give it to you. You may only be offered $4.2K instead of 5K.
endlessmountain 2 years ago
Your 5 grand in dollars won't be "useless",it will buy you what it used to take in dollars before the devaluation of those dollars-in other words,you maintain your purchasing power.
It may go much higher than just keeping up with the devaluation of the curency,it may overshoot its natural equilibrium due to frenzied buyers where it's driven many times higher than normal.
Either way,you're better off holding gold than paper.
dgl1962 2 years ago
bingo you are correct.
You may gain also on the deal. If you buy GOLD at 1K and it goes to 5K. If your dinner cost $25.00 before and now costs $75 you would actually gain on that with 5x more on gold and 3x more on the bill. However, the point of it going to 5K was because of the dollar weakness and inflationary period.
Thanks for the message :)
endlessmountain 2 years ago
I think agriculture is a good bet, people are buying cows in france, loaning them to farmers. farmer keeps the milk and male calfs and you get a 5% return a year
carmenlee87 2 years ago
Very good prediction . I am trading gold as a swing trader and I always win, when I'm in a long BUY position. Silver is even better, because it moves faster and doesn't need so big margin.
xgalba00 2 years ago
Thanks so much - I love to see the charts like that and explained so well. BGB
BGBurch 2 years ago
anything can be possible look at how much oil came down to about $30 lowest from the highest about $150 so about the same thing. Dubai can go bankrupt anything can happen I guess. It's a crazy world.
survior101 2 years ago
gold is 950 dollars / oz right now
oculusinfj 2 years ago
Can you say GOLD MANIPULATION? If you can't see that is happening then NO FURTHER comments are useful! GOLD should be $2000 or more NOW!!
dontswin 2 years ago
If Gold goes to $5000, then Citigroup's share price will be worth $80 by that time. So will gold price go up crazily? very likely, but other asset prices will follow. Gold will preserve, not grow, value. I used to be a very solid gold/silver follower. Listening all comments from experts, but Mr. Market is an ultra expert.
semicomer 2 years ago
since June 2008 Ive studied the economy and politics religiously every day, at the end of each day i feel quite anxious that i have to buy metals RIGHT NOW!! kinda feeling
every day i get that feeling, not once did i find people who offered arguments inducing a selling anxiety!! lol
But if gold and silver prices crash id prolly just laugh because i would feel like i was living in a crazy fantasy world
fox20012 2 years ago
Gold and silver might go up a lot in the next year, especially if there is political instabilty in the world - North Korea acting up even more for example - but I believe the genral trend for the next 3 years (or even longer) is flat or downward.
maxine2win 2 years ago
Well the U.S. treasury bubble will burst, and thats a fact.
That bubble is bigger than the U.S. Stock Market and Rea lestate market at their peaks combined.
The question is what will be the next big bubble?
So if its not commodites like oil, PM, ags and the like then where?
Id like to konw how your hedging for the dollar collapse.
fox20012 2 years ago
the next big bubble according to Mr. Celente is the bailout bubble and that one will be massive
endlessmountain 2 years ago
It should be exicting from this month (June) onwards, mortages start to reset again in mass.
So bank balance sheets willl be heading further into the red and the FDIC will have to step in again.
financialsense . com / editorial s / casey / 2009 / 0528 . html
fox20012 2 years ago
Today's 24k gold prices:
US$30/gram,
UK£19/gram,
EU€22/gram,
JP¥2850/gram.
Cleric775 2 years ago
This has been flagged as spam show
Search "Happy Rob Buy" by google ,and you will find amazing.
Mrann1990 2 years ago
Jim Rogers does NOT believe the gold price is being manipulated and he knows as much about commodities as anyone. He was interviewed a couple months ago and thought the question was ridiculous.
They did not ask him about silver. I don't see how anyone could come to the conclusion that silver is not being manipulated. It is a much smaller market and much more vulnerable.
I personally think that the gold price is being suppressed through the manipulation of the silver market.
RedFishEye 2 years ago
I remembering vaguely that he said he thinks he will make more money in silver because its been beaten down so much, Ted butler is an excellent PM expert to listen too, as is James Turk
fox20012 2 years ago
I totally respect Mr. Rogers' expertise, but it doesn't mean he tells you the truth.
semicomer 2 years ago
true...
dontswin 2 years ago
Since I wrote that comment, I know a hell of a lot about the fundamentals of silver, he is telling the truth.
fox20012 2 years ago
stop whining man, disgusting
orangefield1 2 years ago
Hyperinflation is a myth. You can bank on that.
Astrocreep69 2 years ago
an economic recovery the way Obama talks about is a myth also that is bankable
What else is bankable is the end of banks very soon as in dozens of years :)
endlessmountain 2 years ago
1971 Gold 35/oz
2009 Gold 930 /oz
If the money system wasn't fcked shouldn't gold be 35/oz ?
Gold never was pegged at $20 for over a hundred years. Sure it can go up, but in US dollar terms the "value" of the money has already hit hyper-inflation. Sure gold can go to $5000 an oz but what will 5,000 dollar buy. You don't get rich it just maintains you're purchasing power.
boots920 2 years ago
you nailed it.
In the 30s an ounce of gold could get you a very nice suit.. Today an ounce of gold still gets you one very nice suit.
The weakness in the us dollar and its collapse is why 5K is so easy to call
endlessmountain 2 years ago
But how much would the dollar value of the ounce of gold be worth now if you had invested it instead of keeping a lump of gold from the 30s
maxine2win 2 years ago
"It can't happen here".
Citizens of the German Republic after WWI.
tim3687 2 years ago
Are you seriously making a 100 year old comparison?
I think you should read up on derivatives and the reverse multiplier effect.
Any time the dollar slips a couple points... you hyperinflation morons come out of the woodwork... pathetic.
Astrocreep69 2 years ago
Nice anaylsis. I flip flop bothways. The big problem is that the US government manipulates the price of gold. If they can print an infinite amount of money they can also buy an infinite amount of gold at any price. They can also flood the market with gold and probably still make a profit. Gold price manipulation has been going on for years now. If this is ever defeated gold should skyrocket. Peak gold/peak oil will also contribute to huge price increase once the downward slope becomes more rapid
gsjodin 2 years ago