The Case for $10,000 Gold



http://illuminatisilver.com http://facebook.com/illuminatisilver The Case for $10,000 Gold Today is Tuesday 29th November 2016 and we are discussing the case for $10,000 Gold. All of us have seen on the Internet a number of gold and silver pumpers stating that gold is about to rise to $10,000 any time soon. Some have said $5,000 and we have even seen one stating $50,000. Even some of our subscribers quote gold will reach $10,000 in 2017 or 2018 and we wondered where have these figures emanated from as our analysis based on fundamentals stress that $2,000 gold would be quite an achievement at that time. Well apart from those making outrageous claims like Bix Weir who argues the case for $100,000 silver, yes you’ve heard it correctly $100,000 oz silver – with a set of conditions less likely to occur than someone winning the State Lottery three times in a row we have managed to identify the real advocate of this prediction who happens to be a serious economist and financial commentator. Now we are confident that most of our listeners have heard of him, and we have mentioned him in the past – his name is Jim Rickards who has penned numerous New York Times best sellers on the relationship between commodities and currencies. His latest book, "The New Case for Gold," defends the rationale that gold always has been, and always will be, a true safe haven during volatile times. He therefore urges investors to think of the commodity as insurance, but not an investment. This is what he said recently on CNBC : “We should expect the next global financial panic soon. We have imploded twice in the last 16 years so get ready for the third one….. In 2018, who’s going to bail out the Central Banks?.....The bailout money is going to come from the IMF [International Monetary Fund] as they have the only clean balance sheet left.” He explains: "Global M1 has about 40 percent gold backing. There's about 35,000 tons of official gold in the world. That comes out to about $10,000 an ounce to use gold to create confidence in the dollar…..the dollar price of gold moves around, but gold itself stays constant." On that basis, this supports what we have said all along. Do not buy gold and silver in the belief that it will make you wealthy. Do so in that it will protect your purchasing power when others do not have that protection. Of course, should a financial crisis not occur, and the precious metals are not actively sought after, then a 5% - 10% holding of your assets in gold will not do you any significant harm. If on the other hand, you believe the pumpers are right and that Rickards forecast and timing is correct and you decide to go all –in, then heed this caution – your prosperity will then be dependent upon economic collapse (which will have a range of other unpleasant consequences) or if there is no collapse, you may be holding on to it for many years to come – so be prepared in more ways than one. Please view our latest videos: ECB warns of political uncertainty risk to Eurozone https://youtu.be/jS46tUAe9co Our Motivation for this channel – illuminati silver explains https://youtu.be/UrJjc1_xhvs India – The Laboratory Test for a Cashless Society https://youtu.be/Is3v3pcnM0o Our Motivation behind this channel – illuminati silver explains https://youtu.be/UrJjc1_xhvs Gold and Silver Update w/e 25th Nov 2016 https://youtu.be/yGKMARFBKo8 Bloomberg predicts silver is back in a bear market. https://youtu.be/ryWQGm7UeLA Central Banks Gold Buying Slows Down but is still positive. https://youtu.be/klqO3PUi8B4 Dow peaks above 19000 and its consequences for gold and silver. https://youtu.be/GKLCkEQPP54 President-elect Trump will not pursue Hillary Clinton https://youtu.be/G8tGSfp2Ts4 ‘Goodbye’ says President-elect Trump to the TPP https://youtu.be/u_AXuFKPLek Have 2016 Silver eagles really sold out? https://youtu.be/QwChbrRcG00 Why Gold premiums in India surged to a 2 year high https://youtu.be/RDHfTeaxZIU Queen Elizabeth II will invite President Trump for a State Visit in 2017 https://youtu.be/vPUMiwnZMlw Could Italy’s referendum destroy the EU and cause gold and silver prices to rise? https://youtu.be/t-pQ9tgCajo China Plans to Replace the US in Promoting Globalisation https://youtu.be/MQUdFBWnTBs Gold and Silver Update w/e 18th Nov 2016 https://youtu.be/zc8NG4X_Swo 2016 silver demand exceeds supply again. https://youtu.be/uE0PKmLoRfo Federal Reserve Chairman Janet Yellen defies President-elect Trump https://youtu.be/0n3Qxl6xPnQ Dollar Shortage Could Lead to Global Financial Collapse (Part 2/2) https://youtu.be/NcuQFv2dfuQ Dollar Shortage Could Lead to Global Financial Collapse (Part 1/2) https://youtu.be/QLgMvi9Renk

Comments

  1. When gold reaches $10,000 a Chicken dinner will be $100,000.
  2. thanks for the vid. Just subbed
  3. total silver above and underground accounts for less than 200 billion usd. russia or china alone could buy all the silver in the world with one month gdp invested or even less. that means silver will probably sparkle the dollar bomb.
  4. the fed gol is to keep prices low at a level that is almost not interesting to mine. but not as low as mining companies go bankrupt and stop producing them thus increasing prices.
  5. we dont need economic collapse at all. all we need is metal depletion. that will cause prices to boom. and then they will become more and more worth of a value storage in deflationary terms. your predictions are good because they show the pessimistic view over pms but pms will increase in value since metal depletion will make it impossible for the fed to keep manipulating prices down.
  6. dude u forget to mention metal depletion. and the possible dollar sabotage by gold and silver aquitance from other large economies such as china and russia. the world is not made only from usa. and in case dollar looses its value usa total value in gdp will drop enormously against other currencies like in 2008. 2008 was a great year for all emerging markets. as the next crisis will be the same.
  7. promises   promises
  8. ye know what, I think I am done.
    I have a lot of silver and gold, more then I can carry, I think I will just save in cash from now on.
  9. That pray tell is the truth!
  10. "The Biggest Con" by Irwin Schiff

    "The only value possessed by us coin and paper currency is that the U.S. Government will accept them in payment of taxes. Therefore, what circulates within the American economy is not money but script in which taxes are levied, and it is because of this assigned value that it is used and accepted in commercial transactions. If the U.S. government were to require citizens to pay their taxes in something else, like peach pits for example, U.S. paper money would immediately lose all value and the nation would begin calculating its wealth in peach pits."
  11. VISIT WEB SITE USDEBTCLOCK.ORG, Gold is $ 9069 per oz and Silver is $ 1003 per oz. Illuminati Silver, i am watching you for long time you are stupid.
  12. Over the past year or so many in the stacker community have believed that the Shanghai exchange would act as a counter-balance to western paper exchanges. That made sense to me in a lot of ways but over the past several days there has been a large arbitrage between western "paper" silver prices and Shanghai "physical" silver prices. Right now Shanghai prices are over 10% higher than "paper" silver prices. I would be interested to hear your thoughts on that. Does it matter? How long can it persist?
  13. I remember the 1970's. No one believed that gold could go from $35 USD/oz to $800+ USD/oz. And yet it happened. If you inflation-adjust that $800+ (remembering what a new car cost in 1979/80) you will arrive at a pretty impressive figure.
  14. I think this is a good disclosure. Thankyou
  15. Good analysis. I have a question regarding paying off my mortgage during hyperinflation via silver. I'm 41 and stacking the shiny stuff for long term wealth preservation, but during a hyper-inflationary situation, I plan on selling some to pay off my mortgage. In theory, silver runs to $300 per ounce, and I still owe $120,000 on my mortgage. Taxes aside to make it simple, I sell 400 ounces that I originally bought for $6000, turning that into $120,000 and pay off my mortgage in the new inflated dollars. What are your thoughts on this?
  16. So you are saying Gold will not get you rich? But you are also saying that gold will give you purchasing power when everyone else has lost it. Doesnt that make you rich per some definition?
  17. I refer to oil prices and rig counts. If gold hits a threshold number - not sure exactly what that is - mining "dig" count will explode, moderating the price in the way oil prices are.
  18. I don't get the part where the IMF is supposed to be able to prop up all the failing governments and banks in the event of a debt crisis.Total world debt is estimated at $230 trillion dollars. The IMF claims 2800 tons of gold or $112 billion. If in a massive collapse the IMF was supposed to use their gold to issue the SDR's to prop up 10% of world debt, that would give us an implied price of gold of $342,000/oz Is their balance sheet really that clean anyway? They are on the hook for 32 billion in Greek debt and God knows what else. It all seems like a trick to prop up confidence like the FDIC insurance where we have a $25 billion insurance fund to cover $9.2 trillion in liabilities (.027%)
  19. I watched the entire video!
  20. I've read all of Rickard's books. They are very well written and easy to understand. I do appreciate your perspective on this however, as on should be prudent. On the other hand, the world situation is full of black swans as you also stated. Always remember that 1970's show: "Happy Days"......................


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