LIVE! $15,000 Gold? Lets Talk About That! US Manufacturing In FREE-FALL. More Updates. Mannarino
From Greg M
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All kinds of valuations are being thrown around for gold and silver right now but one thing is clear - inflation in USA and Western countries has actually been 10% to 20% for the past 3 years - so the $2,000/oz gold price should be 30% to 60% higher ($2,600 - $3,200 per oz) - this has not been reflected in the gold or silver price - so manipulation is clearly happening (rapid changes in gold send huge warnings of financial collapse) - how long this can continue will depend on how much money can be siphoned off from the US budget increase.
HOWEVER
If you look at total GLOBAL DEBT INCLUDING DERIVATIVES, HIDDEN DEBT AND VISIBLE GOVT DEBT - this is in the region of $2 QUADRILLION.
The next ACCEPTABLE CURRENCY RESET WILL BE BACKED BY GOLD - this is why banks and countries like China and Russia are buying up gold (btw - it normally takes 3 attempts at currency reset before one is finally accepted by the people)
ONLY 187,000 Tonnes of gold has ever been mined in total globally.
35,274 ounces per metric Tonne =
6,596,238,000 ounces of gold exist globally
$2,000,000,000,000,000/ 6,596,238,000
= $303,214 OF DEBT per ounce of gold
YOU DECIDE WHAT GOLD MAY BE WORTH IN THE FUTURE
How many time can you use the words Plummet, Free Fall, Crater, falling of a cliff, etc. If you add them up, the economic system should not exist and we should all be dead, 100x over. Stop exaggerating