Jamie Dimon Says Gold Can "Easily Go To $5,000 Or $10,000"

[foolsgold]

Jamie Dimon Says Gold Can "Easily Go To $5,000 Or $10,000" | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

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[Casey Jones]

Not possible - inevitable.

Compare gold, to the price of various common purchases, products, needs. Rent has quadrupled in ten years, more than doubled in five years, in most markets. Food, especially healthy food, meat and fresh produce, has gone up 3x.

Gold is doing the same, in the erratic way that markets discover prices. Now that chaos abounds, the manipulators can no longer suppress prices. They couldn't, anyway, long-term; but now, buyers are making demand felt.

 

[nickndfl]

It will be $5k next year. Somebody should print up some hats. $10k is a bigger hill to climb, but eventually it will exceed that and then become fixed. You heard it here before.

 

[Cigarlover]

Jim Sinclair said 150,000

 

[pmbug]

 

[Casey Jones]

His stooge, Blythe Masters, worked for a decade manipulating PM prices with derivatives.

Play stupid games, win stupid prizes. And he won...the retail market for savers, is deader than Elvis. He's been a commercial-credit outlet - and a Fed front, laundering money-printing by taking money from the Fed Discount Window, and pouring it into the stawk markets. Drive the indices up; then sell in a few days.

Churn and repeat. Everyone makes money, out of the Little People's wallets - depreciating the cash they hold.

Now people are wising up to the game. And poor Jamie doesn't like the future he sees.

Zorro Fox Gibbon.

 

[Cigarlover]

Remember a few years back when they found like 80 million on one of his ships? Trump didn't blow that one up.

 

[68camaro]

At this point $5k is almost here. Past performance doesn't assure future performance, but we've been averaging $100 per week, so at that rate we're 8 weeks from $5k. If it stays linear, another year and we're at $10k. If it goes hyperbolic, we could be at 10K in a few months.

 

[SilverStacker]

 

[Cigarlover]

Remember a few years back when they found like 80 million on one of his ships? Trump didn't blow that one up.

I meant 80 million in Coke.