Friday , 22 September 2017


Jim Willie: Gold Will Rise to $5,000/ozt. and Beyond & Silver Will Rise Multiples Higher

In the last several months, the [world economic] crisis has entered a new elevated 171686-gold-silver-barslevel of perma-crisis and constant tension, widely recognized as something more serious, more dangerous, and more risk-filled. This new normal is…[neither] without resolution nor the attempt to resolve anything and, as such, is why the price of gold will rise to $5,000 per ounce, then higher, and at the same time, the silver price will rise multiples higher. [Let me explain.]

So says Jim Willie (goldenjackass.com) in edited excerpts from his original article* as posted on 24hgold.com entitled 13 Reasons Why Gold Will Hit $5000/oz. 

[The following article is presented by  Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com and www.munKNEE.com and the FREE Market Intelligence Report newsletter (sample here – register here) and may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. This paragraph must be included in any article re-posting to avoid copyright infringement.]

Willie goes on to say in further edited excerpts:

The shortage for Silver is astounding and obvious to analysts and experts, except those who work for banks. The shortage for Gold is more subtle, as thousands of tons have been leased illicitly and, therefore, the accounting is replete with double counting and outright missing accounts in false reporting. The most egregious ledger item is the USGovt gold reserves, listed as deep storage gold, translated to mean some scattered Barrick Gold ore bodies buried in mountain ranges.

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GOLD PRICE FACTORS

[Each of the factors below are expanded upon in the original article* and you are encouraged to go to the link below for greater detail as to the reasoning behind each,]
  1. Interest rate derivative meltdown and damaging effects from rising 10-year Treasury Note…
  2. Reversal of US Treasury bond carry trade and convexity effect on 10-year Treasury Note…
  3. Indirect exchange: US Treasury bond returned to sender and Eastern infrastructure build out, the inflation finally imported after 30 years of its export…
  4. Bank bail-in executions and private account confiscation…
  5. Fall of House of Saud and demise of petro-dollar and rise of NatGas Co-op…
  6. BRICS bank as gold trade central bank and US Treasury bond conversion to gold…
  7. US dollar devaluation and global split by defiant foreigners…
  8. Banking system meltdown and default of sovereign bonds…
  9. Discovery of allocated gold account thefts and 40,000 mission gold tons…
  10. Discovery of Western central bank fractional gold management, contrasted with gigantic Eastern central bank gold reserves…
  11. Movement away from the traditional US dollar trade settlement and widespread adoption of yuan swap facilities in bilateral trade and climax in gold trade settlement with the new gold standard adoption…
  12. Rise of Eurasian trade zone and expansive energy pipelines…
  13. Explosive growth in demand for coins, bars, jewelry across the entire world…

[Given the above] the people will pay whatever price eventually, and certainly premiums, until Gold is properly priced an order of magnitude higher. The equilibrium in the gold market will come when Gold is above $5000 per ounce.

[Editor’s Note: The author’s views and conclusions in the above article are unaltered and no personal comments have been included to maintain the integrity of the original post. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.]

*http://www.24hgold.com/english/news-gold-silver-13-reasons-why-gold-will-hit-5000-oz.aspx (Go to Hat Trick Letter to subscribe to the paid research reports, which include coverage of critically important factors at work during the ongoing panicky attempt to sustain an unsustainable system burdened by numerous imbalances aggravated by global village forces.)

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One comment

  1. My2Cents From my 08-24-13 post:

    I’m thinking Silver will be over $100 US$ before Gold goes over $4,000 US$, with both zooming upward as the US$ slips and the US considers yet another War to maintain the US$.

    Silver is poised to become very popular with a new very large group of investors that for whatever reason are not interested in owning Gold!