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Old 11-07-2011, 01:17 PM  
glamourmodels
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Originally Posted by PR_Glen View Post
10% fluctuations, some even higher lately only prove that it is a bubble... a lot of people were panicking and buying when it got to 1900 even.. so those people have lost money in the short term.. why no mention of that? I'm a rookie and I can even see this...
Probably because ******* is smart and knows what I do, which is that financial system as you have come to understand it is living on borrowed time and doomed to fail in a way that your brain cant process.

I dont have a crystal ball so I cant say with certainty specific numbers, all I know is that gold and silver will go to levels that you cant even comprehend right now but if I had to guess in a general way I would say short term, gold $3,000, medium term $5,000 and longer term $10,000 or more although there really is almost no limit, I could lay out a scenario where it could be valued at $50,000 per ounce which would be plausible. For silver I would guess $100 near term, $500 medium term and $1,000 longer term although it could be dramatically higher than that as above ground silver is more scarce than gold.

I am amused because I know that you and others like you will laugh at that, but that is what in and of itself makes it so amusing is that I can tell you what will happen and you still wont be able to grasp it and will think I am delusional which is an odd feeling because I would like to help people to avoid their fate but the truth is most of humanity is dumb and sadly deserves their fate. For example ******* is trying to help myopic people such as yourself and instead, in your limited comprehension of the Universe, you view it as an opportunity to put in your 2 cents by mocking him and pretending you know what you are talking about. I have a clue for you, you dont. The reasons are too numerous to list and frankly knowledge must be sought, not given out so if you or anyone else cant bother to seek it then I see no reason why I should attempt to spoon feed it to you however you are right about one thing, you are a rookie.

However, maybe since you are too limited to comprehend does not mean I should punish anyone else reading this who might have some sense so without getting into all the reasons, of which there are too many to list I will just mention two.

Forget about the US national debt or Greece, thats just childs play even though that likely will be the spark that sends the dominoes falling. The banks have bet too much on derivatives to the tune of so much I lost track. I dont think anyone even really knows for sure but JP Morgan alone has 100 Trillion exposure to completely toxic, worthless assets (read debt). They are all interconnected anyway so if the Europe banks fall, America falls and vice versa so the precise number almost does not matter at this point.



Thats more than the GDP of the world and thats just one bank. They cant pay it, the majority of the worlds banks are completely insolvent so nobody can really bail them out, all they can do is kick the can down the road and loot the worlds weath while telling people (like yourself) on the teevee that everything is fine, gold is a bubble LOL (while the worlds central banks are buying it FURIOUSLY)

There are only 2 scenarios here... one is to print money to inflate away the debt which wont really work but it delays judgement day. This raises the price of gold and silver. Number two is to declare Jubilee and cancel the worlds debt and recapitalize everything (but not your debt of course, just the governments and banks obviously) and go back to a gold standard (or a basket of commodities like a gold/silver/oil mix). This is where that 50K scenario of gold happens because when the US went off the gold standard it was $35 so all you have to do is the math of how much money was in circulation and how much gold is supposedly at Fort Knox and thats where they got that $35 from, but they have printed so much that if you used that same formula it would be 50K although truthfully my numbers are sketchy on that so I should not say specifically.

I get that particular number from Adrian Douglass and he claims it could be up to 57K per ounce in this video and I have heard other people say using that formula under those circumstances it would be 40K. Whether that is the actual theoretical price who knows, all I can say for sure is that gold will go to a number that you currently cant conceive of, and it is most certainly not a bubble. Only an imbecile would say that, much less think it. It's not even theoretically possible to have a bubble when less than 1% of the population owns something so you sound stupid.

BTW, that does not mean as ******* states that there could not be more shakeouts on the way up higher because the price is heavily manipulated and shorted mostly by JP Morgan (especially in silver) at the behest of the government. A high gold/silver price reveals the weakness of the currency to the dumb sheep like yourself.



p.s. @ *******, you have an interesting name, does it signify anything? LOL- was I hard on Glen? Should I "lighten up"? hehe
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