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tootalljones

07/24/20 10:34 AM

#23729 RE: Mason07 #23722

I can see this happening, perhaps when the system resets, but this won't be for 5 years probably even longer, and then maybe the new "remade" currency will have a gold component to it, maybe 25% or a little higher, just for appearances sake. If even a 25% backed gold new fiat, gold would automatically reset at some ungodly price, like 2,000 something crazy like that (it seems crazy to us now but by that time maybe gold is 8,000, so 20000 reset or so does not seem wrong in fact it will seem absolutely necessary, and none of this would happen until the dollar is half of what it currently is, and then as things are in a complete criris. Maybe 5 years from now.

but the system is badly damaged, a house of cards, a total debt ponzi, it is just the existing oligarchs still basically have the power for sure. Their power will leave them gradually as the dollar slowly denudes.

People really imho are not even caring much about the dollar or silver, it is just barely starting to happen. We are like year 2002. Technically there is no new bull market in any commodity until you break new highs, at least that is how some look at it. My buddy is a former gold shop owner, and he said last week that 3 new gold shops have opened most recently in our county, so that is a sign for sure

I see silver people getting all worried about a pullback. They are so lost in the past, so discouraged and beat down, even the most staunch silver bulls....All will be left behind, all the bulls get left behind in a new bull market, by "trading it,"....looking at the patterns of the past, the failed pattern of the commodity over the past 10 years and thinking that the pattern will continue....

I am expecting a huge move up in both metals, or rather a steady move, slow by steady but unending...perhaps we get the first serious correction next march, something like that. When a bull market begins, the move is always long and powerful before any major pullback to shake off people.