How low can gold go? $587/oz.

What is the inflation-adjusted price of gold from the low of $35/oz. back in 1971? $587/oz.

Category:

News & Politics

Tags:

• jason
• hommel
• gold
• silver
• coin
• dollars
• money
• m3
• inflation
• deflation
• invest
• billion
• trillion

[Nobbyclark1971]

Gold will go to over $1000. Gold is a currency. Expect $2000 in the next few years.

Depression is coming. Paper will be worthless.

[marxbitesall]

One expert calcs that silver should be at least 1/4th to 5 times the price of gold being 5x scarcer, silver is uded up, almost all gold mined still exists.

Meaning a possible AG price of $250 - $5000 when AU gets back to $1000

Food for thought. Do not forget that silver more than gold has played the greater role as coin throughout ALL history.

Govts and kings always seek to rob their people - fiat and debasement are the means. W/o Govt control of money, people are always more free.

[tommy35ss]

@Nobbyclark1971 I wish I had paid attention to and understood fiat currency when this video was uploaded, not that I watched it or anything, I just turned 16 lol. What you said though is about to pass, I have a grim out look on the U.S. economy like you but I stand to profit off it now. I think by 2013 we will have a had a run on the dollar or it will be happening but it's just a hunch

[MrNobster]

@fursatali lol. Nearly there aren't we. Should see this go a lot higher with all this debt around the globe. $10,000 quite possible. But first i want to see $5000. I don't really want to see it as it means big time trouble coming but i do hold physical gold for my sins.

2014-2015 is my time frame to sell some but a lot can happen to change that idea. Good luck to everyone.

p.s also go long of seeds for your garden. You can also use to sell/exchange for other items with others.

:))

[fursatali]

@Nobbyclark1971 You were right my friend!!

[mattyelle1]

@ziparmux big time. im buying too! silver is ridiculously cheap!

[mark7996]

@garyomglol, let me simplify my original statment and your original comment to help you understand. you stated, purchasing @ 17, 11 months ago would not be a wise investment. i stated that it seems you were wrong. that's it. and perhaps open you mind to the possibility that it can go much further. my quantity of purchase or holdings at whatever price is irrelevant and presumptious on your part.

[garyomglol]

@mark7996

go ahead and buy today at $ 27 an once, I'm not stopping you. Tell me how many coins you gona get. 2 or 3? LMAO!

[mark7996]

@garyomglol any comment on your comment 11 months ago? have a mild taste of foot in the mouth perhaps?

[ziparmux]

WOW hang on a min, I'm no expert on this, even I know that inflation is not properly represented in the present value of gold, if it was it was gold be around $5000+ an oz today. Silver is another spectrum completely, and frankly it's so ridiculously cheap it beggars belief.. I buy all the silver I am able to afford, it's one of the most manipulated commodities on earth. The reason why is far beyond the mandate of this channel. Buy silver, short term nil, long term 5-10 yrs, more than gold

[zardcat1111]

brilliant prediction

[binky4647]

Interesting to read older quotes now we know whats happend.

Enter another dimension of sight and sound.

Welcome to the twilight zone!