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Target Prices of Gold from $5,000 to $12,000 per Ounce

from Jesse’s Café Américain:

If one compares the US monetary base per capita vs the price of gold in US dollars, we can see a historical relationship that diverges for long periods of time, but always seems to return to a closer relationship during periods of financial stress.

This is the case that some might make for gold with a price target of $5,000 per oz., which the potential to spike as high as $12,000.

Personally I hope we do not see financial stresses that drive the price of gold to that higher level.

These charts are from Nick Laird at goldchartsrus.com.

Read More @ Jessescrossroadscafe.blogspot.ca

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2 comments to Target Prices of Gold from $5,000 to $12,000 per Ounce

  • Craig Escaped Detroit

    I would not be shocked if those end up being the price range for SILVER.

    and that’s BEFORE hyperinflation arrives.

    I wonder how silver’s PURCHASING/trading power will stack up when the world discovers that silver has been made MORE scarce than gold?

    There are a LOT of people who are living/surviving on the equivalent of ONE ounce of gold per month, and most can live pretty normally on just 2 ounces of gold per month.

    So when the “price” of silver exceeds the “price” of gold, it will be quite nice to be able to live on ONE ounce of silver being the equivalent of 2 ounces of Gold. (Such as the USGS report some years ago, that stated the consumption of silver and lack of recycling was going to make silver the first “ELEMENT” to become “extinct”.)

    SOooo many things are “in play” that our next 10-40 years are going to be filled with interesting & painful times. We might even start to ride this wild dragon before this year is finished.

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