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13 Reasons Why Gold Will Hit $5000/oz

by Jim Willie, GoldenJackass, via Gold Seek:

The financial crisis has been a fixture since 2008 when Lehman failed. The crisis became acute when QE began, and later the hyper monetary inflation was clear as permanent. In the last several months, the perma-crisis elevated in danger level, from a skein of high risk critical extreme events.

The Gold price will rise dramatically in the future from numerous powerful forces and factors.

The following factors are directly relevant as to why the Gold Price will rise to $5000 per ounce, then higher. At the same time, the Silver price will rise multiples higher. The gains for Silver will most likely be a greater multiple than seen on the Gold price rise. The shortage for Silver is astounding and obvious to analysts and experts, except those who work for banks. The shortage for Gold is more subtle, as thousands of tons have been leased illicitly. Therefore the accounting is replete with double counting and outright missing accounts in false reporting.

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7 comments to 13 Reasons Why Gold Will Hit $5000/oz

  • Brian

    If Gold hits $5,000 (which won’t happen by the way)…then a loaf of bread will be $100

    • SGT

      Brian, please post your Bio, we’d all like to see it. Certainly an “expert” like you must have a lengthy body of experience and credentials, being so certain of your position.

      • Brian

        SGT,I have seen your “BIO”….were you not just recently exposed? The fact you work for the very same establishment that you are trying to expose?? 🙂

        • Glitter 1

          Why don’t you just take your losing act some place else,where it will be better appreciated.It’s really getting old.

        • Brian

          Why do you read this site? If your so sure the information is crap why are you here? Go back to your employer and request and new site to shill on.

        • Eat at Joe's

          Brian- SGT runs one of the most informative sites out there. As far as PMs SGT puts pro and con articles up so we can decide for ourselves. Of course the dominant feel around here is PRO PMs- and not all about $. To many, its the principal. Keep your hard earned $ from the banker who parlays it into a fortune then steals your neighbor’s house.
          So, personally, I wish you would stop trying to defame SGT and indirectly, his readers.

    • Don

      All you ‘experts’ said the same thing about gold being unsustainable at $1,000.
      Sure there will be a rebalancing. But the mean is presently skewed. When we pay suspended teachers $100,000/year to sit in an office and do nothing, when corrupt firemen are triple dipping municipalities for $500,000/year, on and on with all the massive gov waste…..all these excesses create an imbalance. Gold and silver ascending to their true price will go a long way towards bringing truth to the pricing structure of everything.

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