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What would happen if the world returned to the gold standard?
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<p>[QUOTE="GoldFinger1969, post: 25366537, member: 73489"]They know that their fellow CB's aren't selling and will be buying. They can't buy stocks or bonds or BitCoin...so they buy gold.</p><p><br /></p><p>They want something that is going higher. Gold is.</p><p>I have said for YEARS that we can hit $3,000 by 2030 (even sooner) and $5,000 by 2035.</p><p><br /></p><p><b><span style="color: #ff8000">Starting from a base of ~ $1,400 you can make a case for a 3-5 fold increase or $5,000-$7,000. </span></b> Even if you take the post-2011 low of about $1,050 you still come up with $4,000 as very doable.</p><p><br /></p><p><b><i>Again...if you are into gold coins, especially the larger ones, grab them NOW. </i></b> You do not want to be creating a thread here at CT in a few years asking if anybody thinks gold will break below $3K so you can buy a Saint or Eagle at a spot price 10% cheaper.</p><p><br /></p><p><b><span style="color: #0000ff">It's 20% cheaper now.</span></b> <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />Pull the trigger on something so if it goes higher in a straight line, you're covered. If it corrects sharply downward (IMO, unlikely) , then buy more.[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 25366537, member: 73489"]They know that their fellow CB's aren't selling and will be buying. They can't buy stocks or bonds or BitCoin...so they buy gold. They want something that is going higher. Gold is. I have said for YEARS that we can hit $3,000 by 2030 (even sooner) and $5,000 by 2035. [B][COLOR=#ff8000]Starting from a base of ~ $1,400 you can make a case for a 3-5 fold increase or $5,000-$7,000. [/COLOR][/B] Even if you take the post-2011 low of about $1,050 you still come up with $4,000 as very doable. [B][I]Again...if you are into gold coins, especially the larger ones, grab them NOW. [/I][/B] You do not want to be creating a thread here at CT in a few years asking if anybody thinks gold will break below $3K so you can buy a Saint or Eagle at a spot price 10% cheaper. [B][COLOR=#0000ff]It's 20% cheaper now.[/COLOR][/B] :DPull the trigger on something so if it goes higher in a straight line, you're covered. If it corrects sharply downward (IMO, unlikely) , then buy more.[/QUOTE]
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What would happen if the world returned to the gold standard?
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