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Old 08-25-2013, 03:30 AM   #1
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FOUR guys write $50,000 + gold coming soon!


Four prominent bloggers (who know a lot more than I do) now write that gold will hit $50,000 or higher. Their logic varies somewhat, but the whole meme of very high prices of gold is gaining traction.

I also do some "predigestion" of "Uber-Bear" Jim Willie, whatever you think of him, he is without doubt one of the most fun guys to read on the Internet.

"Gold, Fishez! -- Is a Reset Coming Soon?"
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Old 08-25-2013, 04:10 AM   #2
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I believe and would love to see gold soar and some of those bloggers out there are really well-informed.

I read Zerohedge, but I focus on the big experts: Schiff, Faber, Rickards, Rogers, Maloney, Kiyosaki etc. But Jim Willie isn't at all an expert, but rather a home-blogger type who repeats himself over and over again...

Gold could easily surpass 5,000 $, in my opinion, but 50 k would be nice!
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Old 08-25-2013, 08:27 AM   #3
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It all depends on what $50K gold really means. If it means a gallon of milk costs $3000, I won't be jumping for joy. If the price of everything else stays the same or goes down, however, you're all invited to a party at my house Seems like neither scenario is likely though.
ancona and Penn like this.
"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary."

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Old 08-25-2013, 10:00 AM   #4
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It is also scary. For the most part I forget I own my stack.
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Old 08-25-2013, 12:20 PM   #5
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I have no doubt that $50,000 gold will happen sooner or later. However, until the current downtrend reverses, there is no way in hell we will see it happen. So, I guess it is a question of how one defines "soon."

Based on how things usually pan out, the first thing needed is a reversal of the current downtrend, which will probably happen late this year. Next, prices must SIGNIFICANTLY go through and stay above $1500 (gold) and $26 (silver), which will not happen until next year at the earliest. Finally, prices must exceed, and stay above current record highs, which I doubt will happen next year at all, and maybe not even the year after.

Once all of that happens, then, and only then, we MAY see $50,000 gold SOON.
If you keep doing what you are doing, You will keep getting what you are getting.
If you don't like what you are getting, You must change what you are doing.

GOLD is the money of KINGS.
SILVER is the money of GENTLEMEN.
BARTER is the money of PEASANTS.
DEBT is the money of SLAVES.
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