Well, there is a Catch 22 Hyperinflatio
Post# of 65629
Posted On: 02/19/2016 5:57:52 AM
Well, there is a
Catch 22
Hyperinflation of the Gold market...If everyone is in a race to prop up their currency with gold. Then you create a Gold bubble. Gold was only in the $200-300 range in the 60's when the national and world debt was low.
If there is 59.666 Trillion in Credit and the total world mined gold value is 8.4 Trillion That should put the Gold value at 7 time the 1960's price. Let's see 1960's lowest price $246.00 per oz x 7 = $1722. Today's price $1221.00. Must be ahead of the curve or someone is manipulating the Gold price for their own gain?
So at 80,000,000 oz mined per year that is about 1 Trillion per year. So it would take about 50 years to match the world debt in Gold.and get back to $200-300 gold prices.
So essentially the FED and Bankers have Mortgaged the United States for the next 50 years and sent the interest in a Bill to the US tax payers of 900,000,000 per year to service their Debt not Ours.
Time the FED chokes on the Gold spoon...Party Over
Catch 22
Hyperinflation of the Gold market...If everyone is in a race to prop up their currency with gold. Then you create a Gold bubble. Gold was only in the $200-300 range in the 60's when the national and world debt was low.
If there is 59.666 Trillion in Credit and the total world mined gold value is 8.4 Trillion That should put the Gold value at 7 time the 1960's price. Let's see 1960's lowest price $246.00 per oz x 7 = $1722. Today's price $1221.00. Must be ahead of the curve or someone is manipulating the Gold price for their own gain?
So at 80,000,000 oz mined per year that is about 1 Trillion per year. So it would take about 50 years to match the world debt in Gold.and get back to $200-300 gold prices.
So essentially the FED and Bankers have Mortgaged the United States for the next 50 years and sent the interest in a Bill to the US tax payers of 900,000,000 per year to service their Debt not Ours.
Time the FED chokes on the Gold spoon...Party Over
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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...