$15,000 gold price by 2025? Jim Rickards and Peter Schiff!!

Discussion in 'Bullion Investing' started by fretboard, Jul 30, 2020.

  1. fretboard

    fretboard Defender of Old Coinage!

    Sure sounds exciting! :D Could the government have messed up, printing money like we can cover it??! People passing away from Coronavirus after States here and abroad spend millions of dollars trying to save their lives! People losing their jobs and facing homelessness as if we need more homeless people to help feed!! :banghead: These are truly scary times!! How about you, what's on your mind??

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  3. ewomack

    ewomack Senior Member Supporter

    Never ask the barber if you need a haircut.
  4. baseball21

    baseball21 Well-Known Member

    And 10 years ago they were saying we'd be at $30k gold by now. All just marketing tactics
  5. hotwheelsearl

    hotwheelsearl Well-Known Member

    Yea i feel like you can throw out just about any number and make a "convincing" argument as to why it's "guaranteed" to happen by "certain date."
    midas1 and fretboard like this.
  6. David Betts

    David Betts Well-Known Member

    $2k very soon!
    midas1 likes this.
  7. Santinidollar

    Santinidollar Supporter! Supporter

    $2,000 is doable. $15,000 is designed to get buyers to load up at $2,000.
    GoldFinger1969 and midas1 like this.
  8. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Click-bait for bozos. :D
    spirityoda, midas1 and Santinidollar like this.
  9. fretboard

    fretboard Defender of Old Coinage!

    Absolutely, I'm hoping it breaks $2,000 within the next two to three weeks! With the government in the current situation they're in, the price of gold has nowhere to go but up! :D

    Oh yeah, they're absolutely hyping it up as that's what they do to make the big dollars! Unfortunately, the biggest money maker is Coronavirus with 150,000 people dead!! The problem is, we don't have a vaccine and no relief in sight! Another problem is people without work and the last problem is all the money the government is printing=QE! Translation=gold to the moon! j/k laughhard.gif Not that high but definitely higher!! :D
  10. baseball21

    baseball21 Well-Known Member

    Not true
  11. fretboard

    fretboard Defender of Old Coinage!

    Fair enough, speak your truth! :D
  12. GoldFinger1969

    GoldFinger1969 Well-Known Member

    I will say this....political risk is increasing in this country.....California wants to take 1/6th of wealthy people's money, which equates to 60% when you add in the Feds and other taxes.

    I thought slavery was repealed by the 13th Amendment ? :D
    hotwheelsearl likes this.
  13. GoldFinger1969

    GoldFinger1969 Well-Known Member

    We have some vaccines in sight, should have one being tested in a few weeks and maybe given to the public by the Fall. Mass-distribution by Spring 2021, with luck.

    Government printing money is just replacing lost output by the shutdown. Averting deflation, but not necessarily inflationary.

    That said, if market doesn't like November results, $2,500 by early-2021.
  14. losthomer

    losthomer Active Member

    Only 15? If we're going off the deep end why not 25k or 50k?
    GoldFinger1969 likes this.
  15. fretboard

    fretboard Defender of Old Coinage!

    Yeah, that would be fine with me and $3,000 by the end of 2021! laughhard.gif
    GoldFinger1969 likes this.
  16. TheFinn

    TheFinn Well-Known Member

    Exactly. Dividing by zero is infinity. I wonder what they will call the replacement for the dollar? The New Dollar?
  17. hotwheelsearl

    hotwheelsearl Well-Known Member

    They did that in Taiwan with the New Taiwan Dollar...
  18. TheFinn

    TheFinn Well-Known Member

    They did it in Mexico with the Nuevo Peso (N$). Argentina went from the Peso to the Austral and back again. Brazil did it too.
    All FIAT currencies go to zero. And the U.S. Dollar has been a fiat currency since August 15, 1971.
    GoldFinger1969 likes this.
  19. baseball21

    baseball21 Well-Known Member

    The US dollar isn't going anywhere anytime soon. Whenever it does fail or gets changed everyone alive currently will be long dead
    Last edited: Aug 3, 2020
    GoldFinger1969 likes this.
  20. medoraman

    medoraman Supporter! Supporter

    The problem I always had with these hucksters is no one thinks it through. If we DID have $15k gold, that would mean the economy was in free fall, the USD was no longer a reserve currency, massive rioting would be occuring daily. Sure, you ounces of gold would be retaining value, but do you want to live in that country?

    They always pull out Zimbabwe, Weimar republic, etc as examples. how about talking about the 99.8% of other currencies and timeframes? Will gold eventually go up in nominal USD? Of course, in a modern inflationary environment the natural course of all prices if slowly increasing in terms of USD. The Big Mac has seen the same price pressure over the last 40 years. However, to say this means a massive surge is simply ignoring 99.8% of modern human experience to scare you with the .02% scenarios.

    Hacks like this have always made PM a "scummy" area of investing. They predict these things every year, then like a broken clock they are right occasionally and new people think they actually know something.......

    See the old man on the right of that picture? Something tells me he was predicting a 5000% increase in gold when he still had hair and was fresh out of school. They predict the same stuff ALWAYS, regardless of markets. Its always doom and gloom.
  21. TheFinn

    TheFinn Well-Known Member

    Careful. The good old USA isn't infallible.
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