Double GOLDS price from Friday's close is $2,558. Gold was at $1800 three years ago and we've been sitting on a solid decade plus of price suppression.
When the USD and the gold manipulation scam finally breaks, doubling of prices is laughably conservative. When after the dollar was un-pegged in the 70s, it instanteously doubled, and less than a decade later it comfortably traded at 2.5 times the price a year before for more than a year during economic troubles -- which was about 14 times what it was when it got unpegged (arguably a good model for what happens when suppression disappears).
Fast forward to 2015, something close to $3,200 seems reasonable within a year of the bad news finally arriving, and 5-20K ten years later isn't crazy.
We talk about the "japanification" of the US or Europe, take a look at the historical gold price charts in yen. 3X move in 10 years with gold price suppression.
Nearly any way you look at the numbers, gold will be well into in the mid-single-digit thousands in the next few years with just "normal" behavior, and possibly much higher, by 10X or more, if the manipulation ends.. |
