Q: How high can the gold price go? A: $15,000.

Q: How high can the gold price go? A: $15,000.


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40 Comments

  1. Later this week FDIC (Federal Deposit Insurance Corp) is going to make a statement relative to its own solvency after a record 77 bank failures this year… I believe its going to be a less than rosy picture…. The FDIC's Deposit Insurance Fund has plunged to an all time low of less than $10 billion, or 0.2% of $4.8 trillion in insured deposits. Recall that last year, at this time, the Insurance Fund had $336 billion in it….

  2. Additionally, The FDIC receives no Congressional appropriations it is funded by premiums that banks and thrift institutions pay for deposit insurance coverage and from earnings on investments in U.S. Treasury securities. Whats your take on how this announcement may precipitate a financial collapse ???

  3. Poof! That is the sound of credit default, which disappears money from the total supply. Inflation is thereby delayed, until it ain't.

  4. Read this man's book "Guide to Investing in Gold and Silver." I promise you, it will be one of the BEST books you will ever read concerning finance and precious metals. The lesson about cycles is also mentioned in Jim Rogers' book "Hot Commodities." So yes, there is a cycle we are in and they AVERAGE 20 years. Jim Rogers did an interview with Peter Schiff and even said that the bull market in commodities will end somewhere around 2018 to 2023. Buy silver eagles baby!

  5. Out standing revolving credit doenst expand the money supply as it has to be paid back with interest.

    Decreasing the money supply once the credit has been maxed out.
    Eg what has just happened in usa.
    Now a shrinking of the money supply as people cant take on more dept , but have to pay back the depts they owe.

  6. gwahahahahahaha

    gold is bouncing like a mickey mouse ball between $998-1007

    let the games begin.& if price drops we will buy!!!!!

  7. @30percentplusreturns Why would silver cont to go up as economy could be alright, as silver relies on money printing to go up

  8. @MrGreatLakesBuffalo dude you're paranoid, also freezing your credit card does nothing to stop them you have to cancel them otherwise it's just an unused piece of plastic you pay to use.

  9. I agree except for one thing, surface mining of silver at 18-30 dollars an ounce is a whole different ballgame from giving mining companies carte blanche to produce profitable silver at the 30-45 dollar range. Now how many ounces are available short-term to cover any shorts. Now where does the price go, with the anemic US Dollar or with the expolsive(JPM smiling) increase in the amount of newly produced physical silver? Any ideas??

  10. Can someone tell me that if the price of gold and silver skyrockets, and cash becomes trash, we could see the prices go to infinity, and there really wont be a price for gold and silver because no one will want to trade it for useless money. If everyone holds onto it and doesnt want to trade their gold and silver for useless cash that isnt worth anything, then what will gold and silver really be worth?

    I would really love to get Mike Maloneys opinion on this.

    Thanks

  11. Can someone tell me that if the price of gold and silver skyrockets, and cash becomes trash, we could see the prices go to infinity, and there really wont be a price for gold and silver because no one will want to trade it for useless money. If everyone holds onto it and doesnt want to trade their gold and silver for useless cash that isnt worth anything, then what will gold and silver really be worth?

    I would really love to get Mike Maloneys opinion on this.

    Thanks

  12. Yes….thats true, but what is the One World Currency going to be backed by?, and how much will it be worth against gold and silver…….I am sure the government will find a way to rip us off when this happens.

  13. I can' afford gold 🙁 bought 2kgs of silver and 20 silver ozs… wish I'd bought some gold back in 06-08 wudda got a few ozs. If I had credit cards I'd max them on gold/silver, but I only have a debit card.

  14. Well I think $ 15,000 is too much, but $ 2,000 is possible. Even if you buy it now for 1,400 it is ok. Wich bank is paying good money for my money at the moment? The income from interest is going down since more than two/three years.? I mean it´s sure, but it becomes more and more worthless.

  15. It is hard work to print new dollar bills. Gold and silver can easily be mined in big quantities, which means the value of gold and silver will crash! Also, take into account that the value of the dollar is guaranteed by responsible officials such as Ben "Shalom" Bernanke, whereas the miners are reckless, not caring about how they cause the price of metals to plummet! Also, you can't eat gold and silver!!!

  16. @kps75 Sell me your gold and silver then. I will give you paper so you can burn it when it becomes worthless.

  17. @mintydent Haha, you think the above was comment was made seriously? 🙂 Well I guess there are still enough idiots around who think along the lines I wrote, so I understand your reaction. (Actually, my position is the complete opposite of what's stated above.)

  18. I'm not sure if the price of gold will fly up mate! but one thing i do know is buying gold on your credit card is better than buying clothes,electrical goods or cars etc….so a wise move.

    Good luck!

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