Posted On: 02/18/2016 10:14:51 PM
Post# of 65629
Gold standard?
$1 of gold or silver = $1 of currency in circulation...
8200 is a deflated DOW...Dow was at the 5000-6000 level when we were on the Gold Standard in the 60's. World economy is larger than in the 60's. However it is running on credit.
So I believe if Gold is at $1226 and debt has to be covered with gold. Then the price has to go up until the debt is covered.
3.4 Trillion World currency in circulation 59.66 Trillion in debt 50-60% market inflation ?
You do the math...It ain't pretty on the World Stage if the US pulls the Rug on the FED.
$1 of gold or silver = $1 of currency in circulation...
8200 is a deflated DOW...Dow was at the 5000-6000 level when we were on the Gold Standard in the 60's. World economy is larger than in the 60's. However it is running on credit.
So I believe if Gold is at $1226 and debt has to be covered with gold. Then the price has to go up until the debt is covered.
3.4 Trillion World currency in circulation 59.66 Trillion in debt 50-60% market inflation ?
You do the math...It ain't pretty on the World Stage if the US pulls the Rug on the FED.
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I'm a Crazy Scots-Irishman Blue Blood... It's probably not a good idea to listen to me...everything I say is of my opinion. I'm not a good place to get investment advise...
