JIM WILLIE: GOLD to Make a Sudden QUANTUM LEAP to $18,000 oz! [transcript]
Rather than see a dollar crash, the dollar’s going to rise, like a rocket. Then you have the gold standard coming in through trade.
When it’s clear that the Federal Reserve is printing more dollars to cover the ‘dumped Treasuries’, we are going to see a quick move to $3,000 in the gold price and $60 in the silver price.
Then we’re going to get recognition that the central banks of the world are sitting on a mountain of Treasury Bonds that are worthless.
The allocated gold accounts in Europe, mainly in Switzerland and London, are short 40,000 tons of gold that they’ve stolen from their clients’ accounts. They don’t call it stolen; they call it ‘rehypothecated’ or ‘replaced by gold certificates.’
There are hundred of clients who are sueing the Swiss and London banks for improper use of the client’s private gold. There are very high profile legal firms and class action lawsuits involved. There is zero news coverage on this, but it doesn’t mean it’s not happening.
That’s going to drive the gold price from …………………
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Gold one day will indeed hit $18,000 per oz and even more but one oz still won’t buy you a new car because its a case of the fiat $USD falling as they continue to print more money.
The only get out of jail card is that gold/silver will still be worth something after the reset which will be a lot more than worthless bit of paper and 401k will be worth.
Yes buy gold but only after you have brought food and you need to do that at the right time else it all rots or gets eaten by mice if you are not carefull.
Zero Hedge pumped and dumped a story about Russia cutting off gas to the Ukraine last week and an excuse to push gold because they want to sell so that should give you a clue where prices are heading in the short term IMHO
The supply of Silver is declining and will, one day, cost more per ounce than Gold!