Quote:
Originally Posted by Ethersync
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That tells me two things.
1. According to that graph, gold (proportionately) to the debt ceiling, is closer to it now then ever before, and even looks to be passing the debt ceiling line. When it got close in the past it had a nice drop off shortly after.
2. If the US can get the debt situation turned around gold is going to drop like a rock, back down to about $500 an ounce. Which if you live in the US (or any where in the world since everything is tied into what happens to the US so much) and the debt ceiling keeps going up you screwed 1000x other ways because of what will happen to the economy and those of you with a couple ounces of gold are still going to be fucked, even if gold is worth $5,000 an ounce.