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Re: NYBob post# 2690

Thursday, 11/11/2021 9:14:37 PM

Thursday, November 11, 2021 9:14:37 PM

Post# of 3149
Debt to GDP just went up much more, 126%, before the money printing begins. Gold just got better with over 29T in debt and according to Yellen global net 0 debt is about 130T. everyone is ignoring, cause its hard to find facts since deleted from some internet sites, there is over 600T in interest rate sensitive derivative debt globally. its mind boggling, and the dumbest generation of all time focuses on giving away more free stuff, climate change, living off of crypto(with no fundamental value) while none of them understand what they are doing, print baby print. officially global debt is easily over 300T.
gold market is currently 11T, my guess it will be 10x at least for net zero. buy gold, not crypto, not stocks, gold and silver. the master of discount says "these prices are insane" for btc, wait until they are same prices, people will whaling and gnashing of teeth, it will make dot and housing bubble collapse look like amateur hour.
gold and silver never ever looked better than right now. Gran should be 10x but they need to do no more purchases and focus on profits, the price of gold will bring investors in by the hundreds.

Gold is only a 6T markets, its got a long way to go, i have calculated it several ways and always came up with 20 to 30k. if gold went to any of the very realistic values, bye bye inflationary worries.
cant remember who said this:
The way I've arrived at the $10,000 plus is the coverage of the monetary base with gold at 75% ratio.
At the time of Bretton Woods they had some 19,000 tons of gold and a monetary base of 32 billion at a Gold price of $35.
Now they claim to have 8,134 tons and monetary base of 3.88 trillions. This tanslates into a Gold price of $10,000 plus.
Of course in reality the should have had a 100% coverage .
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