Posted on 10/10/2010 11:07:11 AM PDT by blam
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“When Will Gold Reach $10,000 An Ounce?”
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In the second month of the RaceMarxist’s third term.
.82 yen = 1350
Way before then, properly molded ‘lead’ will be at a premium....that, and copper jackets, gun powder ———and brass, too of course!!
When oil reaches $500 a barrel.
Fiat money? LOL
Overlooking the slightly obvious fact that they have already made that inevitable.
“In the second month of the RaceMarxist’s third term.”
Right you are, my FRiend. If gold hits 10K, it will mean we are at CW2 level and guns will be much more valuable than a truckload of gold.
Oil is one element.
I’ve seen projections based on historical value of gold v merchandise that show gold and the dow meeting at 3000.
There was a mathematical argument that generated a support level of dow and gold at 5000 but that assumed minimal .gov interference. a case I doubt would occur w/ zero in the oral orifice at 1600 Pennzy.
take the dow back in 78 or 79 when an ounce of gold could have bought the whole dow. run forward.
that’s where the dow and gold at 3000 comes from. The dow is seriously overvalued, gold seriously being jacked around.
enjoy.
Always had one nagging question.
The real crisis hits the world. The real shiite hits the fan. I own stock in the gold market but I’m shrewed enough to also own real gold coins and jewelry.
Okay? Okay.
Now, there is a global shaking economic crises that involves war, revolution, famine, and disease. Everyone that owned gold contracts make a run on the market making the false system crash.
But I was a smart cookie and hoarded some jewelry bought back when gold was $340. Dollars are worth nothing. Euros worth nothing. Yen worth nothing. Yuan worth nothing. Peso is still a peso. Gold contracts are worth less than the paper they are printed on. But I have real gold coins and jewelry hidden in my house.
One day, a few weeks after the initital crash, I run out of supplies. The whole world is shattered as I drive into town. Shelves are sparce at the Costco. But they have canned beans and a pint of rubbing alcohol, priced at 1 million Euros. I produce one gold ring which entitles me to the supplies. The cashier smiles as I walk away and immediately alerts her husband who blabs to other townspeople including the cops. Rumors run wild about hidden treasure. They all look at each other and think, “If he has one ring, he must have more.”
So my question, how safe is my investment, in the coming global crisis, when I’m dead from the mob of starving desperate bandits?
In a real Road Warrior SHTF scenario, it might not be worth anything.
Doesn’t the Bible say something in Revelations about even the people with gold couldn’t buy anything?
You might be able to buy land. You could still pay your bills.
You just might not be able to find a can of beans on the shelf anywheres in your county.
You’re in luck! I’ll take $10K for my gold today. You need to act quick though, this is a limited time offer.
There won't be food at the super market for you to make this mistake.
Quietly bring your gold to me and I will swap it for food...I have way more food than you do gold.
I will establish the prices...I can do without your gold a lot longer than you can do without my food.
I told my 'gold bug' buddy the same thing.
BTW...I have more lead than you do too...no ambushes, ahem.
Googled Ez. 7:9 “They shall cast their silver in the streets, and their gold shall be as an impurity: their silver and their gold shall not be able to deliver them in the day of Jehovah’s wrath; they shall not satisfy their souls, neither fill their belly; for it hath been the stumbling-block of their iniquity.”
So you’re pretty much screwed, if you believe Ezekiel.
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