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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 375.93

-1.8%

Nov 14 4:00 PM EST

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To: elmatador who wrote (78135)	8/22/2011 7:27:29 AM
From: maceng2	Read Replies (1) of 217786

I have never been in a poor country that was not corrupt to the core: A valid point. More on gold. If Gold Reaches $3,264 Per Ounce, It Will Surpass the Dollar as the World’s Reserve Currency cqcabusinessresearch.com Now, long term I think that gold will return to this level. Message 23930651 i.e 1 ounce worth of gold will buy a good suit of clothes or 400 litres of cheap wine. (200 pounds wheat flour) We need to keep accurate graphs as gold goes through an abnormal blow off top. The top could be horrendous, many multiples of these numbers, but long term I think the figure settle back to the historical norm. Y axis. Value of gold in litres of wine or suits of clothes. Horizontal line drawn at 400 litres. Americans can use conversion to US gallons if desired. X axis. Time. Months should do it. Speculators may wish to plot end of day (EOD). Forget USD's. They are toast along with euros. Atomic weapons may be pointed to convince people otherwise, but normal commerce is conducted by willing participants only. I have heard there might be a return to the gold standard. ft.com But I suspect people will be willing to exchange paper currency as a preference and hoard gold. The French and others found this out. Confiscation maybe attempted, but will have to be conducted on a world wide scale. This will not settle well in many counties with large populations such as India. I like the fact there is lots of muslims in the world. As always, too many crooks out there will boost real value of keeping physical.

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