***FLASHBACK $GOLD AT $420 THE OUNCE***
Check out the post I'm responding to, this is just after the time I had an epiphany and realized how manipulated our financial system was and realized gold was real money (and decided to become vocal about it to friends, relatives, strangers, whomever!).
Particularly interesting were my price targets on gold and the timeline I gave, it was literally flawless. Yeah I'm tooting my own horn and yeah a lot of people saw this coming, but it's not too late to protect your assets and get out of a failing dollar that returns putrid interest rates of 5% at best.
This post was made back in 2004, at the time of the post, gold was trading at just under $420. Now all my price targets were hit with precision, such as "5+ years at $1,000+ as worthless paper currencies collapse." Back then I viewed $GOLD hitting $1,000+ as currencies, particulary the U.S. dollar, the "world's reserve currency collapsing. Well since that price target has already happened, we've been forewarned the U.S. dollar is collapsing, anyone with a brain understands that since the archaic relic of gold has been viewed as money for exchange of goods and services since biblical times.
Now my next prediction/question is even more concerning... and that is...
"Is OPEC going to continue to collect worthless U.S. paper currency or debt for payment???"
There was a meeting last year of very prominent figures and it didn't include the United States. Strong rumors have surfaced that oil-rich nations of the middle east and major trading partners are working on a currency alternative to the U.S. dollar that will be backed by gold and silver! Something such as this would destroy the dollar overnight! It would no longer back the largest dollar-denominated traded commodity in the world! Who would accept the U.S. dollar for oil when you could accept gold and silver! Ask yourself, is this another reason why we've seen the big rises in gold and silver over the past 5 months? Is "smart money" or "in the know" money accumulating as much gold and silver as they can without blowing the cover off of their operations? Is this why China no longer is exporting silver and gold?
Asian nations have already pulled out of supporting our debt sales, which is now why we've become a banana republic buying our own debt while maintaining artificially low interest rates. Our debt level is now at 14 TRILLION dollars. If gold and silver still were priced at a 16:1 ratio and based on the current "money supply" - what would their real price be? I think it'd be a number that we couldn't even imagine, so I'm not even going to touch that.
All I can say is, the paper game is up, all the countries around the world are now printing up their own debt and money to cover up their own debt, it's a circus, all of Europe, even Asia doing it. Interest rates globally do not represent the annual rising cost of essential goods and services and the gig is up. Social Security payments the same as last year? Really, I mean seriously folks, who here believes there was no inflation.
I think it's game over for the paper printers, and game on for a gold/silver backed currency to develop and the signs are all around us that it's coming, and coming very soon.
I'm really confident the day is coming soon where oil is going to be traded heavily in a currency other then U.S. dollars. Also, we're going to see a gold/silver backed currency within this decade, we may even see the Federal Reserve Bank collapse into its own footprint with Step 1 being "Audit the Fed." When you can just type 0's into a computer and hit enter to facilitate monetary transactions between you and your buddies, you know something's wrong. It'll be interesting to see what the Federal Reserve's books really do look like. Where does 14 trillion in debt wind up? And how much gold is really in "Fort Knox?" We know the silver's gone... but do we still have any gold?
$1,000 gold was a sign of end game, that's why it took several times to finally break. Now here we are at 1383 gold with many forecasters calling for gold to hit 1650+ this year.
This move is FAR from over. This is signaling the end of the Federal Reserve bank and a return to constitutionally-sound currency. I just hope the United States are the ones who move to that currency first...
HI-HO SILVER !!!
