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Coming Recession $5000 Gold?

from Junius Maltby:

Good morning and welcome to another Junius Maltby broadcast! Today we hear from PETER SCHIFF! The man, the legend.

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15 comments to Coming Recession $5000 Gold?

  • Eric

    If I had to put a number on where Gold should be priced it would be about $5,000/oz. right now. I’m using the size of the Fed’s balance sheet as a measuring stick. Back when the Fed’s balance sheet was 800 billion, Gold was about $800/oz. At 4.5 trillion today, I would say it should be closer to $4,500-$5,000/oz today. I know that’s not a great means of measurement but it just makes sense to me. It will probably far overshoot that anyways considering the distortions created and the number of dollars that need to be printed over the coming years.

    • lastmanstanding

      Not to mention that they (the fn fed) should be pulling a bunch of their funny phony printed money or digits OUT of circulation. That is how it has always worked with their Ponzi…you can bet your ass that they are secretly “increasing allocations” to who ever they deem tbtf.

      Let me tell you folks something…people who have money in my neck are pulling cash out of the banks and stickin it in the mattress…and/or buying all kinds of tangible items.

  • thinking outside the matrix

    Peter Schiff has been wrong many times over the past 7 years. I would say more wrong than right. If you did the opposite of what he said over the past 7 years you would have made a lot of money. Peter Schiff and Mike Maloney are great thinkers that understand real economics but unfortunately don’t do enough accounting for the manipulation by the Global Elite and their Global Agenda. The Elite hate Gold because it’s a metric for accountability and it’s too slow for Global Trade in our current system obsessed with speed. Currently we are in a deflationary cycle that could take all commodities including Gold and silver with it. You seem to be too hopefully and are married to precious metals. You’re not asking the right questions, like, why aren’t PM rising with all time high demand?Answer is manipulation. So if the price is being manipulated down then the next question should be: How long can they keep manipulating the price downward? There is a saying that the markets can remain irrational longer than you can remain solvent. I think the Global Elite are trying to scare people out of PM as a safe haven and move to digital currency as the New Gold unfortunately. Bitcoin is up 100% in the last three months. Why? It was created by the Elite as a metric of accounting for Global Trade.

    • Eric

      Are you talking to me?

      Yes I am happy to acquire Silver at dirt cheap prices less than 1/3 of it’s 1980 high while the money stock has exploded higher and not sit and watch my account go up and down daily. I can remain solvent a lot longer than the market can stay irrational. Maybe you can’t. But I can. Peter Schiff has been more right than wrong. He never made any exact timing predictions. And it’s so unfortunate after all the time you have spent here, that you still don’t know the difference between “money” and “currency.”

      Why do you keep calling shitcoin the “new gold?” It is nothing like gold. It is not a long term store of value and it does not have a long history of being used as money. One more thing…Bitcoin is not and will not be used to settled global trade between nations. There has been no discussion of this whatsoever and the size of it doesn’t even come close to being able to settled world trade.

      Poor thinking outside the matrix…always chasing worthless fiat currency and sold your soul for bitcoins.

  • Gnostic

    I don’t want $5,000 Gold, I don’t want anything priced in Jew $$$$$$$$$$$$. Gold is money not Jew $$$$$$$$$$$$$$$$$$$,

    GET IT!

    • Eric

      Thank you.

      You and I might be the only 2 on the planet that understand this Gnostic. It’s very difficult for people to make the switch to thinking of money in terms of Gold and Silver and not dollars or shekels (bitcoins). I received a crummy old hundred dollar bill today and exchanged it for some beer and received back a bunch of crummier old fives. I was shocked thinking people still accept this shit for value??? The jews have convinced everyone that nothing is as it seems. But then again they are schizophrenic and see the world completely differently than it really is…

      The chasidishe velt

      http://i1.wp.com/www.oyveycartoons.com/wp-content/uploads/2014/05/chasidishe-velt.jpg

      • Eric

        By the way, using ratio investing and denominating everything in terms of Gold is the key to measuring the value and price of goods and services honestly.

        Like how many ounces of silver can I get for an ounce of Gold?
        How many gallons of gasoline can I buy with an ounce of Silver?
        How many ounces of Gold is this new truck going to cost me?
        How many ounces of Silver is that cow?

        It’s not difficult. You just have to train your brain to think with the opposite consciousness.

      • Gnostic

        Eric,

        Ever wonder why the Old Testament man-god yahweh allows USURY for his chosen ones, but Christianity & Islam do not, It’s because they wrote all the friggin books! It’s so friggin obvious! The bible is the greatest mind control ever devised.

        Unto a stranger thou mayest lend upon usury; but unto thy brother thou shalt not lend upon usury: that the LORD thy God may bless thee in all that thou settest thine hand to in the land whither thou goest to possess it Deuteronomy 23:20 KJV

        Your treasure is in another world, in the meantime, Be a good dooby & turn the other cheek & love your enemies

  • dan

    A very simple solution to the argument of owning gold vs. fiat or bitcoin…When the Central Banks STOP buying gold and get rid of their stacked bars in their vault…then I might consider to do the same….Till then, your free will dictates your choices …no mater who says what about anything…..imho

  • Gold will go to $ 5,000 an ounce over night when the U. S. $$ is pegged to Gold . After the initial rise , the only price of gold will continue to rise as people will try to get their own gold to protect themselves ! Just my opinion .

  • jb

    how about a honest discussion in regards to martin armstrong’s
    take on gold…
    he seems to disagree with you people

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