by Bill Holter, Miles Franklin:
I have heard, seen and read many accounts that make a mockery of the “to da’ moon” gold and silver pundits. In some cases it is well warranted. For example, anyone who promotes gold or silver to “get obscenely rich” is simply wrong. They say that gold and silver are “going to da’ moon” which in my opinion is highly likely in dollar terms but in reality they are completely wrong. An ounce of gold and silver will always “just be” an ounce of gold or silver, what will have changed is the value of the dollar or any other currency that you are using as a measurement. Actually, even that statement needs to be corrected because it is in fact gold and silver that do the “measuring.” The “to da’ mooners” are wrong because what will happen is that the dollar will plummet in value to the nether regions of hell which means even a simple cup of coffee is going to the moon.
There is however another scenario where the carnival barkers could be correct and we would still have a modest dose of “currency crisis” involved. Gold and silver could go “no offer.” No offer” meaning there is none available for purchase. Impossible you say?
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