Mike Maloney - Gold should reach $15,000/oz!
Here is the youtube.com link to see and hear Maloney explaining why.
At the moment, gold has a USD price over $1,000. Silver has a USD price under $20.
Here's the thing. It could be that the US Treasury has been leasing gold to other parties that in turn sell it for USD to invest in something else. If true, this could help explain part of the reason that gold has been so relatively cheap for so long; and still is, what with the friendly takeover of the US Treasury by Government Sacks. The other big reason being the western world's ignorance of the differences between money, currencies and fiat tokens. Not understanding the protection that gold and silver provide. Not understanding what they need protection from. Not understanding the world's current fractional reserve banking system. Not knowing any history that makes a difference.
"Much of the social history of the Western world over the past three decades has been a history of replacing what worked with what sounded good." - Thomas Sowell
"I actually think money is maybe the most fundamental idea that humanity has come up with. It's a 'universal bartering tool' that allows a person to concentrate on saving up for the future. -- Linus Torvalds, who wrote the Linux OS kernal
"People say money doesn't buy you happiness, but those people are usually people who don't have enough of it," -- Linus Torvalds, who wrote the Linux OS kernal
How many people in the western world think in the above terms?
Silver is found in the earth's surface about 14-16 times more often than gold. The above ground supply used to be about that much more than gold. That has all changed radically since many industrial uses have been found for silver, unlike gold. The industrial demand has radically used up much of the former above ground supply. Silver is now more scarce than gold.
Here's another thing to think about. If the US Treasury has in fact substantially less gold than it says it has, gold could go to a substantially higher price than Maloney's $15,000. Why is the US Treasury's gold account called "Deep Storage"?
"In times of change, learners inherit the earth, while the learned find themselves beautifully equipped to deal with a world that no longer exists." – Eric Hoffer, Union leader, Longshoreman, Philosopher
"Better to be on the fringe strategically planning than be in the middle of the fray getting trampled." - unknown
“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.” - Ludwig von Mises
Wednesday, April 26, 2006
Wiemar, Germany Gold and Silver Prices
German Mark prices of Silver and Gold from January 1919 to November 1923: