Top CEO Warns Of Global Reset: "It's In The Cards For Sure... It Could Happen This Year"
It’s in the cards for sure. Predicting exactly what it’s going to mean or what it’s going to look like… that’s the big challenge… I think a lot of people are ignoring it… but there are some forward thinkers out there who talk about it.I think that the Chinese want their currency part of a floating currency… I think that’s really going to be the next leg in this whole change… in this reset going forward. It could even happen this year.
Right now, you’re mining 10 ounces of silver for every one ounce of gold. So gold is trading at… let’s say $1,200 just to round it up. So that would be $120 silver, if the ratio was 10-to-1. So I say silver should be $120.The other key ratio is the ratio that has been common for 500 years… Sir Isaac Newton came up with the ratio of 16-to-1 and that’s how they created the pound sterling. And so there was a theory that there was for every one ounce of gold, 16 ounces of silver in the earth’s crust. So using 16-to-1, at $1,200, it’s somewhere around $80-$90.Silver should be trading, in my view, somewhere from $80 to $120 an ounce.
Of course it would and that plays back to what I was saying earlier. I don’t know if China’s ready for that to happen, because once they do it gold will probably go up by multiples… hundreds and hundreds of dollars.I could see gold going up to $3,000 or some number like that.Who knows exactly… but I do believe that that would occur because the people would see the hoard that the Chinese have actually accumulated over the last decade and that would completely change the market.
http://nunezreport.blogspot.com/
Source: http://nunezreport.blogspot.com/2015/06/top-ceo-warns-of-global-reset-its-in.html
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