Is the world about to enter another GFC? Trade wars happening? The bubble about to burst?
Thoughts Somalinet economic/finance experts
Moderators: Moderators, Junior Moderators
“the perfect storm has now started. And this storm will turn into a hurricane probably within the next two months. So in the next 60 – 90 days we will see all stock markets go down by at least 25 – 30 percent and likely a lot more. And we could see gold reaching $2,000 and silver $50 within that time….I’m fully aware that this sounds extreme, but all this is is the end of the 100-year bubble of credit explosion that now must implode. And the gold price will just be a reflection of the fall of paper currencies to their intrinsic value of zero.
In the crisis that is now coming, the gold price will not just reflect stable purchasing power, but it will also reflect the massive demand for physical gold as the only safe method to insure and protect wealth.
There are a number of factors that will contribute to gold’s surge in coming months: Collapsing currencies and asset markets will be the principal trigger for gold’s rise, but the dilemma is that there is very little physical gold available in the West. Continuous buying by the East has virtually depleted gold supplies in the West.
This year China is likely to buy 2,000 tonnes and India 1,000 tonnes. This makes 3,000 tonnes for just these two countries. That is against an annual mine production of only 2,500 tonnes. I don’t think that Western central banks even hold half of the 23,000 tonnes that they officially say they possess, and the bullion banks are most certainly low on their gold inventories.
“the perfect storm has now started. And this storm will turn into a hurricane probably within the next two months. So in the next 60 – 90 days we will see all stock markets go down by at least 25 – 30 percent and likely a lot more. And we could see gold reaching $2,000 and silver $50 within that time….I’m fully aware that this sounds extreme, but all this is is the end of the 100-year bubble of credit explosion that now must implode. And the gold price will just be a reflection of the fall of paper currencies to their intrinsic value of zero.
In the crisis that is now coming, the gold price will not just reflect stable purchasing power, but it will also reflect the massive demand for physical gold as the only safe method to insure and protect wealth.
There are a number of factors that will contribute to gold’s surge in coming months: Collapsing currencies and asset markets will be the principal trigger for gold’s rise, but the dilemma is that there is very little physical gold available in the West. Continuous buying by the East has virtually depleted gold supplies in the West.
This year China is likely to buy 2,000 tonnes and India 1,000 tonnes. This makes 3,000 tonnes for just these two countries. That is against an annual mine production of only 2,500 tonnes. I don’t think that Western central banks even hold half of the 23,000 tonnes that they officially say they possess, and the bullion banks are most certainly low on their gold inventories.
.. I predict massive lay offs 
Cheap gasOil price below 38 per barrel for the frist since 2009
Not good for us man, my job depends on the oil price our entire economy depends on oil sand let's hope it comes back before they start handing out the pink slipsCheap gasOil price below 38 per barrel for the frist since 2009
CDN dollar at its lowest in 10 years, and I'm sending $1k US this weekOil price below 38 per barrel for the frist since 2009
Oil price below 38 per barrel for the frist since 2009
barbBasra, is there ever a moment that you are not on an orgasm of some sort?
Return to “General - General Discussions”
Users browsing this forum: No registered users and 89 guests