GOLD will be $8000 an ounce by February 2016.

how do you know this?

We have heard this for the past 6 years. My uncle told me people have been saying this since the 60s.

You cant eat gold

aint that the troof!

What good will gold be to you when Rama noodles hold more value?

Here's my spin on this, it all can be compared to Greece.
For years there was talk about Greece defaulting. So for years they got bail out after bail out until the next loan got so big they couldn't pay it. So yeah it takes years for the event to occur but they do.

you mean 800 right?

I heard gold is on the down right now though?

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Gold is the most manipulated market out there.
All selling and buying is controlled by the government, I wouldn't count on it.

Well, let's hope not. For gold to be worth 7 times it's existing price in USD, means that everything else will cost 7 times as much as it does today. A $1 bottle of water will cost $7. A gallon of gas will cost $21.

Gold is a store of purchasing power. Buy gold today and you can afford the inflated prices of food later. So see, you can eat gold.

more likely, down to $1000.

Yet every consumer good is much higher than any year prior save gasoline which is lower but not by much.

Most food is 100% higher or more.

Lumber and especially sheet goods are up by 300% over just for years ago.

The reason for manufacturing going to China isnt because its cheap because it isn't anymore.

The Dollar Store used to have actual products and now it looks like something that kids sell on the street corner in Tijuana.

Got gold and silver , working on the food and TP now ,

The sign that the markets are about to fail is a deep downdraft in metals. I see Gold hitting $800 in overnight Globex, to trigger the stop loss orders. Then a quick recovery $400 above the price it was the previous day, before the market opens.

This way they have stopped out the majority and they will wait for a re-entry point that never comes.

Don't count on it, Skippy.

Gold-Tards! We RIDE!

I see gold sub-$1,000 by mid-August, as the final market clear-out.

Then, JPM and Goldbag Sucks will turn on a dime and put on a zillion paper longs!

Off to the races!

Gold has always been money, all fiat currency eventually goes to zero.
Recent events have demonstrated that the markets are rigged.
NYSE shutting down, Chinese Government changing the trading rules during their crash. DJIA always floating back up to 18,000. Commodities getting hammered. JPM and Citi holding huge derivitive positions gaming the commodities. All blatant in your face criminality and fraud.

I can see your scenario possibly happening, it is theft from those who panic in the market and sell when they should be buying.

With rigged markets there is no opportunity for true price discovery, the bubbles that are created will pop. All we have now are bubbles, except for gold and silver. Compare mining costs with current market prices. Rigged markets point to the unnatural state of asset prices.

Do not be fooled. Countries are holding gold and re-patriating gold and demanding gold. Texas too. They know the orchestrated crisis is yet to unfold.

PROBLEM - REACTION - SOLUTION. How many times must this play out for people to see the root cause and who is behind all of this?

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Ron Paul

I agree PMs will rise in the next 6 months, but for gold to hit 8000, it will drop to 500-600 first.

The problem is 99% of the fluorided masses never learn and never connect the dots. When they hear the paid shills say gold is useless, they won't hesitate to sell at a loss. Then the next day when the banksters hold the majority of the gold the same mouthpieces will say gold is real money, then the retards will murder each other for it. Nothing new under then sun

This is for anyone who believes it will be $8000.

$800 sounds much more realistic.

I am in the 750 camp. The chinese are buying up ca real estate and gold. They are paying up for the real estate while they can most likely before anyone notices it will take 15 more years but they will by then have substantial amount of citizens here. What this has to with gold.... Well once they have the the real estate they should also be in charge of all the gold too. Now gold should go down with oil prices and the warm winter. Strong dollar as well maybe even india liquidating its hoard due to a plague. Plenty of gold above ground for next two years. Tpp will make dollar stronger too. So to keep it simple chinese want our real estate they arent worried about gold getting away as the west presently doesn't value it and are more than willing to hand it to them....while at the same time they need the real estate fast before anyone notices its also keeping california from imploding so they will get it

I am in the 750 camp. The chinese are buying up ca real estate and gold. They are paying up for the real estate while they can most likely before anyone notices it will take 15 more years but they will by then have substantial amount of citizens here. What this has to with gold.... Well once they have the the real estate they should also be in charge of all the gold too. Now gold should go down with oil prices and the warm winter. Strong dollar as well maybe even india liquidating its hoard due to a plague. Plenty of gold above ground for next two years. Tpp will make dollar stronger too. So to keep it simple chinese want our real estate they arent worried about gold getting away as the west presently doesn't value it and are more than willing to hand it to them....while at the same time they need the real estate fast before anyone notices its also keeping california from imploding so they will get it

Right around the jimmy carter era gold went from $40 to $800.

+ 20 X

Do your research, there is nothing different going on right now than what was going on in Germany in 1920 except that this will be a world wide currency collapse not just the US. The price of gold is irrelevant priced in dollars, around 1924 the price of gold jumped to 37 trillion marks per ounce. Think about it, borrowing is super cheap right now and if your timing is right and you are smart about it you will be ok and come out ahead. Lets say you buy some gold coins from apmex on your credit card, buy some farming property in Iowa all on credit you make the low monthly payments until hyper inflation hits and it will happen, you take one of those gold coins to payoff all your debt. The problem is timing, I can tell you now China, Russia and India are buying by the boat loads thanks to the help of JPM and GS by keeping the PM spot prices low using the worthless ETF's and futures, why do you think the CME changed the gold delivery to cash instead of physical.

Last Edited by Curve Trader on 07/18/2015 04:39 PM

My Uncle Caitlyn told me there is nothing to worry about.