End Game: $800 SILVER & $8000 GOLD! – Bill Murphy & Don Harrold
Unconventional Finance has released a discussion on gold and silver between GATA’s Bill Murphy & analyst Don Harrold.
In the face of large corrections and terrible sentiment (albeit massive physical demand), upon achieving full-valuation at the completion of the major secular bull markets, will we be looking at a a 10/1 silver to gold ratio, and a massive $800 & $8,000/oz?
Reposted with permission.
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Whistler Blowers, Insiders
There is a bubble in Gold! U can’t eat gold. When they collapse currencies there is going to be a 1 world currency! Gold will fall
Good morning Mr. Krugman.
Really? What is fiat currency, lettuce?
China is attacking the USD by dropping it as the trade settlement currency with numerous nations. Next, China just might dump its trillion+ dollar reserves on the market and then it’s an Armageddon-like event, even worse fall out for US citizens than when the US Continental dollar collapsed. China dumps its USD, that’s when Dollar index takes a sudden and never recoverable dive. China wouldn’t dump its USD on the market? China appears to me squaring itself away so that it doesn’t need USD with important trading partner and when enough on board, China dumps its USD reserves on the market, probably they figure the best use and biggest bang for the USD bucks, and great satisfaction for being hoodwinked by the FR. Remember, FR Bernanke and Lurch Paulson tried to get China to invest $500 billion in Fannie, Freddie but China balked, the unraveling began thereafter.
The bubble is in US bonds, not physical gold which will be largely unattainable for the masses when the rush is on to snap up the physical and the price per oz is going to be astronomical because when the rush is on, it will be when the USD collapse has occurred suddenly and unexpectedly. Dollar index around 82 now, in a sudden collapse USD 50, 40, 35, 20, 15 and gold will be $10,000, $15,000, $20,000+ per ounce.
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“Gold is Money, and nothing less” James Pierpoint Morgan
Daves a fool, ag will b 25,000 an au will b 100k, this is global not regoinal
You can’t eat paper either you dumb smuck!