Gold, You Think it Will Ever Hit $5,000 an Ounce?

This video is almost all about Bitcoin and crypto so if you just want to hear about gold, go to 14:00 and start there. The US is in a big huge mess because of all the money being printed over and over again! If you want to hear it from Gareth Soloway, watch the video. I know many here don't want to hear about crypto but honestly because of quantitative easing the world and especially the USA is in a world of hurt! Could be the only currency that's gonna save us is crypto currency! What do you think???

 

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All pm will, its just a matter of when. Modern currencies are depreciating currencies, so all assets will rise over time.

Reason for this is stated that low inflation if best for economies. Real reason is it slowly evaporates savings and allows government to tax as gains long term asset price adjustments.

 

We'd have to see quite the perfect storm for these prices, the markets are simply unpredictable.

 

I don't know about $5,000 an ounce during my lifetime but I'd like to see anything above $2,000! That would make me smile!

 

I think $2,500 would be more realistic
and would be sustainable over time
and that would take sometime to achieve.

 

No

 

what will your 401k be worth by then? probably same rate of increase

 

Other than a short spike you really wouldn't. Anything you made on that you would lose X times over in other areas from increased cost.

 

Depends on your risk level and market
fluctuations.

 

Of course it will. The real question is when. And no one can answer that.

 

https://www.wise-geek.com/what-is-an-amero.htm ?

 

Yep, may be time for Amero's to step in! I wonder if that means our dollars will become equivalents of Mexican Pesos?!! Ouch!!

 

Sure. It only means the dollar has lost purchasing power. It could go to $50k if they keep printing. It doesn’t mean you’ll be rich, just have lots of fiat currency.

 

Who knows the bankrupt value of a Fiat currency after many trillions of offerings/printings, maybe that as realized by Germany/others in the past?

JMHO

 

Just keep doing what we’re doing printing
trillions in cash, it’s ok , as we have plenty of paper…LOL

 

Yes, plenty of paper for money, just not for TP!