Mali frees Resolute executives after $160 million deal, AFP reports
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Jim Willie of the GoldenJackass.com says we are on the verge of a “global monetary war” which will push the price of gold as high as $5,000 per ounce.
Writing for Silver Doctors Jim Willie says that in the wake of widespread reports that the coffers of central banks are devoid of their nominal contents a “global gold war” is set to ensue, with the German government’s submission of gold demands to London and New York bankers acting as the opening salvo.
Following close on the heels of the LIBOR banker scandal the Allocated Gold Account scandal will further shake confidence in the international financial and monetary system and serve to push gold as high as $5000.
In the meantime QE and ZIRP will also push gold prices higher, as well as boost silver prices past the $60 threshold. In Willie’s opinion this “permanent monetary easing” all but guarantees an “endless bull market” for precious metals.
Chart courtesy of Silver Doctors
8 Comments
Robert Blum
Gold will not surpass the level of $2,500US per ounce until more holders of the US dollar embrace reality. . . or more sovereign owners of gold demand and receive physical possession of what they claim is theirs in the New York and London vaults.
sailormac
Complete and total unsubstantiated self serving baloney.
Stockbull
Self serve yourself and become informed rather than just posting attention to news releases etc and you will find where to put your money. Until then you are just another sheep headed for slaughterer like the rest.
sailormac
Complete and total unsubstantiated self serving baloney.
Dirty Red
Humbug. More realistically, expect gold to wind up at/near $750-$9000. This downturn will be characterized by deflation, not inflation.
Silberaddictfuckisrahell
Silber das besseire gold
mickrav
Please were do these people get there figures.are these people dreaming.i still havent heard a relevant reason why.please explain.realistly not non sense
stockbull
Had you been looking for information across the globe rather than listening to a couple of analysts and simply taking/not taking their word for it you would already have physical silver inn your possession.
Read and learn….not just news…serious research.
I laugh in any investment advisor face who disregards silver as a way to store and preserve wealth.
Keep your useless devalued dollars in your pocket and watch as the smart crowd passes you by in growth through commodities as you weep for not doing your own homework and are stuck with worthless pieces of paper down the road.
Dollars are just numbers on a board