As The Dollar And The Euro Continue To Collapse, How High Is That Going To Push The Price Of Gold?

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Right now, the global financial system is facing a crisis that is really unprecedented.  The reserve currency of the world (the U.S. dollar) is collapsing and the second most powerful currency on the planet (the euro) is also collapsing.  As the major paper currencies of the globe crumble, the hunger that investors around the world have for gold continues to grow.  Today, the price of gold hit an all-time record of $1607.90 an ounce.  But that record surely will not live for long.  The truth is that gold has been steadily climbing for quite some time now.  A year ago, the price of gold was hovering around $1200 an ounce and and many “mainstream economists” scoffed at the idea that the price of gold could go significantly higher.  Well, nobody is laughing now.  As colossal debt loads continue to crush both Europe and the United States, the euro and the dollar are going to continue to collapse.  There are going to be more bailouts and central banks are going to be doing more money printing.  So how high is all of this going to push the price of gold?


That is a very good question.

At the moment, the price of gold is experiencing its longest rally since 1980.  As the financial markets become increasingly unstable, investors are looking for security, and security is not to be found in anything denominated in dollars or anything denominated in euros.

The price of gold is up 13% so far this year and appears poised to go even higher.  The more global financial markets get rattled, the more attractive gold is going to become.

The sovereign debt crisis in Europe seemingly gets worse by the day.  All of the PIIGS (Portugal, Ireland, Italy, Greece and Spain) are a complete and total financial mess.  Either the EU is going to have to bail out these countries continuously or the EU is going to have to find a way to start printing a whole lot more money.  Whatever happens, the reality is that the debt crisis in Europe is not going to be solved any time soon.

All of this uncertainty in Europe is helping drive up the price of gold.  A recent CNN article contained the following quote from portfolio manager Jim Foster….

“Greece is sort of on the verge of default and they’re still trying to figure out how to engineer a recovery for Greece without inflicting a default on the country [and] the markets are sensing that’s almost impossible,” said Foster. “Until the situation is resolved in these peripheral countries, it’s going to drive gold.”

The whole debt ceiling drama in the United States is also driving up the price of gold.  Investors are getting nervous about what is going to happen.  But even if a “deal” is reached, the truth is that the U.S. government still has a 14 trillion dollar national debt and will be running trillion dollar deficits for as far as the eye can see.  The U.S. has entered a seemingly endless cycle of borrowing, spending and money printing.  It has become apparent to almost everyone that the U.S. dollar is a very bad investment.

After all, who wants to hold on to an investment that is being devalued a little bit more every single day?

Meanwhile, the U.S. economy continues to fall apart.  Many believe that it is only a matter of time before we see more “stimulus” from the federal government and more “quantitative easing” from the Federal Reserve.

With the world such a financial mess, it is easy to see why so many are falling in love with gold right now.

But many mainstream economists are still clueless about the role of gold in the financial system.

The other day during a congressional hearing, U.S. Representative Ron Paul asked Federal Reserve Chairman Ben Bernanke the following question….

“Do you think gold is money?”

Bernanke was visibly stunned for a moment before answering no.

When Paul asked Bernanke why central banks still hold gold, Bernanke said that he believed that it was because of “tradition”.

Video of this extraordinary exchange is posted below….

If gold is just an “asset” as Bernanke believes, then why doesn’t the Fed hold many other kinds of assets like oil, pork bellies or art collections?

The truth is that gold has been money for thousands of years.  Central banks all over the world continue to hold vast amounts of gold.

In fact, central banks are increasing their stockpiles of gold at a staggering rate right now.

According to the World Gold Council, central banks around the globe purchased more gold during the first half of 2011 than they did all of last year.

Do they know something that we don’t?

Should all of us be stocking up on gold too?

Sometimes we need to stop reading the headlines and stop listening to the talking heads and just watch what the “powers that be” are doing.

So how high is the price of gold going to go?

Well, it depends who you ask.

A recent Forbes article had an interesting take on where the price of gold might be going….

Another interesting approach is to look at money supply and measures of the money stock.  Since September 2008, the U.S. monetary base has increased by more than 200%, compared with a rise in the price of gold of about 70%.  “If the two had been directly related, gold should already have risen to around $2,800.”

If the price of gold should already be above $2000 an ounce, where might it be going over the longer term?

Yan Chen, the head of metals and mining for Standard Chartered Equity Research, is convinced that the price of gold could hit $5,000 by the year 2020.

Others believe that his forecast is far too conservative.

Some financial professionals have not been afraid to forecast the the price of gold will eventually hit $10,000 an ounce.

In fact, prominent names such as Peter Schiff and Porter Stansberry have mentioned $10,000 gold as a possibility.

Does that mean that it is definitely going to happen?

Of course not.

The financial world is becoming incredibly unstable.  It is getting very difficult to forecast anything with certainty at this point.  As the global financial system comes apart, we are going to see volatility that is going to be absolutely unprecedented.  The wild swings that we have seen in recent years are nothing compared to what is coming.

But one rule of economics that has stood the test of time is that gold maintains value even when everything else is falling apart.  An ounce of gold would buy you a nice suit back in 1900, and an ounce of gold will buy you a nice suit today.

Unfortunately, the same cannot be said of paper currencies.  Your dollars and your euros are going to continually lose value.

For example, the U.S. dollar has lost well over 95 percent of its value since the Federal Reserve was created back in 1913.

So would you say that an asset that goes down by 95 percent is a good investment?

Of course not.

Anyone that puts big piles of money in the bank is just going to get poorer and poorer and poorer as the U.S. dollar loses value.

Federal Reserve notes have always lost value and they always will lose value.  It is the way our current financial system is constructed.

A huge economic storm is coming, and a small percentage of Americans will be putting a chunk of their money into gold and other precious metals while most will just be relying on the big piles of money that they have put into their bank accounts.

Which group do you think will be better off in the end?

  • A Dodgy Bloke

    I’ve just read couple of articles before I got to your blog. The first was about Italy in Spiegel on-line. I have to warn you with short attention spans it’s long but fascinating, Italy politically is in much worse shape than most people think.
    The other was Karl Denninger Market Ticker when the Dow took its dive today something odd happened. Bond prices normally go down (People going into bonds high demand lowers the rate) that didn’t happen bond rates went up both gold and silver went up.
    Things are getting worse guys works on your preps. The third link is just for giggles, this time line I (sort of) agree with more 2013, 2014, 2015.,1518,775092,00.html

    • Ouida Gabriel

      Thanks for the links!

  • wobbly-1

    Excellent article. My only fear is that the government could, and has in the past, take action against trading in gold. They could merely declare that gold has to be turned in and possession of it would be declared illegal (I seem to remember that happening about 70 years ago now). They would then give you (us) useless fiat bills and take the gold…..

    • Guido

      I just heard a guy discussing foreign gold exchange traders who will sell you gold, store it physically at their location, and for legal purposes they operate as a duty-free zone. I guess you pay tax on your gold if you sell it. You don’t have to leave the country to buy in, but you can go there and physically take your gold if you wish. I’m not an expert, not by any means, but his description of it made it sound very interesting and worth a closer look. If the fedgov ever clamps down on gold, this could be an option, especially since you can pass through a border without being searched for precious metal/large amounts of cash.

      • lone survivor

        What I don’t understand is that if gold hits say, $5,000 or even 10,000 an ounce, who could afford to buy it? Only the Chinese government and the Saudi Arabia government could buy it.
        No working person could afford to purchase any gold at those figures.

    • jackieR

      Have you noticed how the gov creates new laws to benefit the gov and never the public. If they dont like a law they just change it to suite themselves.
      Laws today are bogus.

  • Ben Dover

    We all knew that the massive “temporary” increase in spending would be permenant.

  • Daniel

    Everybody is focussed on how high the price is going. If we take out of the equation the inflation of the dollar, and as stated in the article the dollar lost 95% of it’s value through the years, What would be the real price of gold? The stronger the dollar falls, the more worth gold is getting. But it doesn’t necessarily means that prices go up because the demand is so high.

  • Hey Michael

    “According to the World Gold Council, central banks around the globe purchased more gold during the first half of 2010”

    did you mean 2011? Just wanted to point that out to save any confusion but great reference just the same :)

    • Michael

      Yes you are right – thank you for catching that.

      I hate it when I make mistakes. :(


  • J2201987

    My dad has $20,000 in savings at the bank. I’ve been trying to figure out a way to tell him to take out all of his money and buy some precious metals without him disowning me (he understands the consequences of uncontrolled government spending but some reason still thinks banks are safe).

    I personally would like to buy some silver or gold as “insurance”. But living paycheck to paycheck with no savings and a student loan that’s climbing because I’m deferring my payments (I could pay but then that would mean I wouldn’t eat or pay my bills), that will NOT happen (unless I win the lottery). Outside of food (canned goods and my victory garden) and gas, I’m not too sure what else I can obtain as an “asset” that has real value. I guess I’ll be on the otherside, but at least my house is barred up and I’m getting a gun soon.

    • A.S.

      Cheap assets:

      1. Land that noone wants: maybe buy a $1 home in Detroit because of the land. The property taxes may be high, but it will be your land as an asset;
      2. Buy water rights with some friends (kind of expensive).

      3. Hoard up on salt (yes, salt). When things really get bad, and food is scarce, food needs to be preserved (all the explorers from Europe were right in stocking up on salt on their ships). This is cheap (.50 – 1.00 per 5 lb bag?)

    • Guido

      Sure, his money is safe! What are you suggesting? That it won’t be there if there’s trouble? They’re making more money, so don’t worry, it will still be in the bank. $20,000 will still be $20,000 dollars after the crash; they’ll just be devalued by a few decimal points. When $10,000 dollars buys you a loaf of bread, his $20,000 will still have some use. When $1000 buys you a roll of TP, his $20,000 will still have a use!

      I figure the charts on gold value, which can be found on most gold dealer websites, showing gold’s meteoric rise over the last few years, should be sufficient to show the value of owning gold.

      I bought into gold at $850 an ounce, which was much later than I would have liked, but I’ve seen that gold appreciate in value by about %88 in a couple years. I didn’t do it as an investment, but a way to protect my money. I fully believe it will continue to go up as the dollar goes down. I’m thinking silver will do a lot, too, and the experts claim it has much higher to go, plus it holds more value as a metal with a lot of industrial demand. I bought that at about $14 an ounce and it’s somewhere around $40, last time I checked.

      In Aftershock, a book on the recession and its follow-on crash, the authors state gold is a bubble; the biggest bubble in the history of bubbles. This bubble, however, will continue to rise for many years and will make many people wealthy until it finally peaks, but they predict this could be many, many years in the future. They also predict it could take 20 years or more to get out of this mess.

      While the government may make gold illegal, I think it will merely drive up the value of gold even higher. I’m certain it will never disappear from circulation, even if it has to go underground with the drugs, guns, booze, illegal movies, and everything else they try, and fail, to control or ban.

      When Bernanke says gold isn’t money… well, that sounds insane to me.

      I also think you can do yourself a favor by purchasing things you use, but don’t currently need, since you will need them in the future when your cash buys less. I like to buy two pairs of shoes at a time. One to wear, one to wear later. I buy used tools, too. I think the antique ones are the best, since they’re usually quite sturdy and can take a real beating.

      I buy useful items that don’t cost much now, but may be worth more later. Here’s one idea-sewing kits. A sewing kit at the dollar store is a dollar or less right now. Multi-tools and other useful tools aren’t a bad idea, in my personal opinion. Hammers at Home Depot last week were, like, $6. I wonder what they’ll be later?

      What will they be worth in the future if there’s trouble? Coffee is going up and has been going up for some time. Why not buy an extra vacuum-packed brick every now and again? If you’re like me, you’ll eventually need it. What will coffee cost in a few years? Sugar? Rice? Pasta? Ramen’s, what, .50-.75 a pack?

      I started stocking up on booze, since the cost of that will necessarily explode if our dollar crashes. I suspect imported items will explode in value if and when the dollar becomes worthless. Someone, I think it was Tyler Durden at zerohedge, mentioned someone from Eastern Europe in the ’90s had seen alcohol traded there as an alternative currency. He suggested using the little $2 airline bottles. I go for the 350ml bottles. They’re small, generally cost about $10 regardless of brand, and no one seems too curious if I get a couple at a time.

      If you’re looking for weapons, make sure you do your research. There are too many options to leap without looking. Thankfully, there are some very affordable, reliable, ones to be had, even now. Oh, and if you look around, you can even find a couple dealers who will do layaway for you with no deadline. I know one guy who requires %1 of the price, minimum, per month. Very reasonable, especially in this current climate.

  • VegasBob

    Michael wrote: If gold is just an “asset” as Bernanke believes, then why doesn’t the Fed hold many other kinds of assets like oil, pork bellies or art collections?

    The simple answer is that Bernokio knows that gold is money, and he flat out lied to Ron Paul. If Bernokio admits that gold is money, then the dollar collapses and gold skyrockets parabolically.

    I think Bernokio also knows that if he touches off another round of food and energy price inflation with more money printing, he will probably need bodyguards to protect him from the angry mobs that will descend upon Washington DC to protest Bernokio’s inflation.

    What I don’t understand is why Bernokio has not been indicted for counterfeiting, forgery, fraud and grand theft for his actions to date during this financial crisis. I believe he is a dangerous criminal who belongs in a prison cell.

  • I bought gold in past from El Dorado-anyone know of another reputable firm? one that like ED will send gold untraceable?

  • A.S.

    I have a prediction, well I may have heard somewhere: When price of gold per oz is higher than than the Dow Jones, the U.S. economy will be in utter collapse, literal anarchy in the streets, no power, no water, no sewage, it will be like hell on earth. And that day may be here by the end of 2012. If that is right, let Obama win another term. He will be blamed for everything and can no longer say, “But is was Bush’s fault.”

    • Guido

      I’m not so sure. Why would everything stop working over night? We’re still a materially wealthy nation, even if our dollar suddenly becomes worthless. I think we’ll still have power and water, even if the infrastructure gets cruddier, I don’t think the world will grind to a stop. The cops will still be around the day after the economy collapses. I suspect they and the military will be the last ones to draw a paycheck when all is said and done. No doubt, once things get bad, they’ll just shoot looters to quell any mobs and keep order, but I doubt we’ll be running around in leather pants and roadwarrior mobiles.

  • Donald Wilson

    It is unfortunate, however, the ones that will be devastated by this will be the average person. I have cashed in my accounts and purchased silver and other survival goods. We all need to be ready.

  • Does it really matter? When I was a kid (1960s) there were things called silver dollars, and also when I was kid that same single silver dollar bought 5 packs of Old Gold Cigarettes, 4 loafs of bread, 4 people to the movies and 4 soft drinks and popcorn. All for a single silver dollar.

    That same silver dollar buys the same things today, but instead of the silver dollar being worth that same $1 it is now as of this AM $40, or the $$$ 40 times less valuable than it was in the 1960s.

    If you are a big time investor it make make a difference in your portfolio but it won’t change you buying power.

    Be careful out there


  • Gary2

    I have never seen gold in person nor have I ever touched it. You can’t eat gold so I fail to see why everyone is so excited about gold.

    I admit that if I were not so poor it would be nice to have a gold brick or 2.

    People like me at or near the bottom probably rarely if ever think about gold. We would like to be rich so we could give 2 shits about this plaything of the rich.

    • Rex

      Gary, can you spare us your mindless leftist thoughts?

      • Gary2


    • Tim

      You don’t have to be rich to buy gold. Gold is real money, and a store of value. Unlike fiat currencies which eventually become worthless, gold (and silver) will always have value.

    • Grumpy

      With the exception of the last 40 years, gold was universally used as money (and is still used as such in countries the West is attempting to destroy at the moment). Your ignorance notwithstanding, gold and silver will once again be used as money when the current fiat scheme collapses.

      Of course, if you (Gary2) would bother to educate yourself on anything past the corporate media talking points, you’d know this. Since you don’t understand the modern use of ‘money’, you’ll never understand the purpose of tax policy and will continually display your profound ignorance on a daily basis by calling on ‘them’ to ‘tax the rich’. Derpderpderp.

      • Gary2

        Anyone with ANY sense would know going back on a gold standard would be a disaster. Are we going to subordinate our economy to some mine in South Africa?

        Wake up people. All we need to do is tax the rich and spread the wealth.

        • Grumpy

          Ignorance on parade, see it here daily from Gary2!


  • Maria

    Gold and silver will reach numbers no “expert” is willing to publicly project.

    Trust in fiat currency and dependence on credit are the only reasons the entire fiat economy has been able to exist. The banks shut off the credit, and the governments increased the money printing. Together they killed the people’s faith in fiat. Gold and silver are becoming the “currency” of value.

    Food will become priceless.

  • William

    It appears that the “wheels” of the international banking criminal cartel are beginning to get wobbly. Whether or not these bankster criminals who have plundered America will be able to stem disaster remains to be seen. Notwithstanding, I think it prudent to have 5-10% of one’s liquid net worth in gold or silver. There is no cash flow; it’s all a capital gains/loss situation. But, it is clear that the private bank named the Federal Reserve is determined to destroy America. If you hold gold, silver, guns, ammo or stored food, tell no one……..

  • imaplaneiac

    Blogger Wobbly-1 ( above ) is correct! Gold WAS confiscated by the US ” government “, back in 1933! You can do a search for ” Confication of Gold in US ” ( or similar ); to confirm this. The Presidential Order issued by ” FDR ” can be read. The penalty for failing to comply with it was $10,000 or 10 years in the slammer! What’s that, you don’t believe this?! Read it yourself!

    Would Premier Obummer not do the same …?! What would the penalty for the ” crime “, TODAY, be for failing to comply with such an Executive Order? Since the Dollar would be worthless, would the ” guilty ” be sent to a FEMA Concentration Camp???

    • Guido

      I suspect banning gold would merely make it more valuable and drive it underground.

      I guess we’re already at the point where folks are willing to go to jail for support. How long before large groups of people are doing the same thing?

  • Covington

    And even as Ben Bernanke has asured us of the fact that the Fed will not continue with QE3 the demise of the USD continues. Even emerging central banks are reducing holding in USD and diversifying into Yen, Ausie dollar and Canadian dollar. Look also at the exchange rate between the Euro and the Swiss Franc. Its astounding. Why?
    Because everyone in the media is missing the main point. QE3 is efectively Global QE3. Watch the Jap. Yen rise as they sell mass Treasuries.
    Global QE3 is full on to support all those unloaded treasuries.
    Gold has a long way to go. UP.

  • Kevin


    What do you consider rich? Is someone that worked blue collar for 30 years and managed to have a total net worth of one million rich? If I’m rich I ate asbestos and bathed in benzine to get there working shift work and all the OT I could get.

    Gold is not a plaything of “the rich” unless of course I’m rich. Secure for now yes; rich no.

    • Gary2

      If I’m rich I ate asbestos and bathed in benzine to get there working shift work and all the OT I could get.

      I would question your sanity.

  • El Pollo de Oro

    “Our digital money is not worth the paper it’s not printed on.”—Gerald Celente

    “You can sum up what has killed capitalism in four words: too big to fail.” —Gerald Celente

    “What are these so-called austerity measures? What do they really bring? Oh, they bring a lot more poverty. Oh, they bring a worse GDP. Oh, they bring more unemployment.” —Gerald Celente

    “When the money stops flowing down to Main Street, the blood begins to flow in the streets. And the money is not flowing down.” —Gerald Celente

  • In the mean time, the elite bankers are stocking up on gold and silver while it’s still undervalued…

    They don’t want people to think it’s money, so that they wont buy any. And then when the U.S. defaults on it’s debt, they will be so poor they will beg the elite bankers at the IMF for a new currency to buy food…

    which will be gold-backed of course :-P

  • Grumpy

    Michael, I think the premise of your question in the title of the article is incorrect. A better way to pose it would be “How low will the dollar be valued against gold when true (un-manipulated) price discovery is reached?”.

    • Michael

      Good point Grumpy.



    Right now they are trying to crash the system in order to devalue our labor and resources. Given the chance, they will convince us that it is our job to make up for the losses while they proceed to buy up the rest of what they don’t already own. This cannot be allowed. Call their bluff. Crash their system. Default on their loans, and reclaim what belongs to every child of this planet, equally.
    Privatization is not the answer. All that will do is give them all the control they want and sell off any leverage that the citizens of the world still have. Government should be by the people, of the people, and for the people, and so should stewardship over the earth’s resources… shrinking the power of government is simply taking away the power of the people. Our current system of government, corrupted by corporations and special interest, certainly needs to change, but that doesn’t mean that it has to be turned over to those that would destroy it completely. A government truly of and by the people is what is needed now more than anything, don’t be tricked into giving up the only leverage you have left.

    Economic reforms, debt ceilings, austerity measures, and tax versus spending debates are not designed to save the people of this planet. They are designed to save the economic system that enslaves the people of this planet. Don’t be tricked into digging your own grave or driving the final nail into your own coffin.
    Global capitalism is a house of cards that we have all watched as it has begun to fall, in slow motion, for the last few years. It doesn’t need to be propped up and made to last just a little while longer so that those that benefit can figure out how to still come out on top. Like the money we are forced to live chasing, this house of cards is made of flammable paper. Don’t raise any debt ceilings. Don’t accept any austerity measures. Refuse to be wage slaves until you’re seventy, or older. Don’t sell the little you have left in order to prop that cardboard house up. Don’t let them reform the rules to their own game to make it keep on working for them. Don’t just let it fall, burn the mother down.


      The roof the roof the roof is on fire
      The roof the roof the roof is on fire
      The roof the roof the roof is on fire
      We don’t need no water let the mother… burn
      Burn mother…… burn!!!

  • Maria


    Your articles at both websites are spot on. Your blogs present the raw truth verses the pure garbage we see in the MSN. Thank you.

    July 20th, 2011 at 4:30 am

    You read my mind.

    I agree wholeheartedly.

    Let it burn! End the Fed and the IRS and the whole darn tyrannical system.

  • The U.S. Dollar in Russia is only worth .75¢, it is because each time America prints money beyond its means (so far $4 Trillion Dollars printed without Gold Backing It) the EURO excels in value. Colecting on the debt of foreign nations esp in Europe would show us that we are being short changed in a mighty big way becasue of that. Did Obama really think he was going to get America out of debt easier if he borrowed more money or raised the National Debt so to keep a credit rating? I think he over exagerated to the point of impeachment, Republicans are quickly determining they might need to conside that road ahead. You mentioned Greece but I guess you didn’t know Congress approved Greece the $500 Billion Loan and that occurs after the printing (3rd time) of cash in Trillions so are they getting the valusue of the USD – Nope, EURO Dollars only devalue to nations that have bankrupted or are on the road to economic collapse, America is on that road. It is unlikely they need EURO’s at all but if that is all they can borrow perhaps if the payback is in EURO’s at the current rate without any USD depreciation we could be seeing a profit (highly unlikely). What hurt Obama is the Trillions held in banks & Insurance Companies in the Caribbean Islands which got there via deposits from Gambler Winnings, Obama made all the Caribbean Islands off limits to all American’s esp Union Members but they are still going there & Gambling with Government Bailout Money. Timothy Geithner – Treasury Secretary of the US, is to retire from the U.S. Treasury so now you know that he & his wife have options open for them when he does. Actually it is Geithner & Bernanke that say the price of Gold will spike within a few years and then the crash will occur which drops the price instead of increasing the American gold value. Economist say they are fearing for their investments, much to your surprise artworks, pork, cooking & heating oil is also a investment of government, that is why there is a surplus in many commodities but those surpluses will quickly sizzle out when the next crash occurs. It is written that the Canadian Military will declare Martial Law in America, they will enter the US and food rationing will commence, but for countries like Africa which depends on the United Nations solely American goods will be seen no more and their rations will be much less, many will die. Once money value in America drops below zero no nation can depend on America anymore, some Corporates will be able to help them for a short while and many of their candidates will als die because of crime excalating. These things are just a few torments American’s are about to experience as will other nations but if something can change that direction of things to come then it could avert some collateral damage such that Latino’s in America have already felt the crisis. You might say that super Golfers, Baseball Players, Football Stars, and Olympic Players have one common opportunity that ordinary people don’t have, they can sign up with another nation and have their earnings increased even if they were banned from playing in America and that is what a few are already realizing. We can also expect Network TV to grab opportunity in closing their American Headquarters and building the foreign Headquarters larger and that means no more American cheap thrills cause they would have to pay extreme excise tax one day importing & exporting news unless they own a jumbo jet. Imagine a jumbo jet having to bring equipment into and out of major airports just to cover the weather for trials on a weekly basis. Keep checking out the values of the American Dollar because that 3rd batch of Trillions will begin circulation soon in major banks. The end result will be that small banks will be closed as has been the issue. Gambling at Indian Casino’s in Mississippi are now being busted by the Feds and it will not be long till they attack Louisiana and Alabama.
    Good Luck

  • Gold will go over $2,000.00 an ounce – and probably much, much higher – possibly to $5,000.00 an ounce (or more). Silver will likely go over $100.00 (if not $200.00), over the next few years (if not sooner, in the event of some global ‘crisis’). SMART people, are buying SILVER now, ahead of the crowd…while it is still a bargain at $40.00 an ounce (currently)…So, if you bought say 50 ounces of silver, at $40.00, you’d pay $2,000.00, but when silver hits $100.00 an ounce, in value, your silver would then be worth $5,000.00 – a tidy $3,000.00 profit – not too bad, for just buying a shiny metal, and watching the daily ‘spot’ price…

  • Gold is continuing to rise as the USD is being devalued. We should all be stocking up on gold and silver bullion!