Tuesday , 6 December 2016


Today’s Financial Entertainment: Gold Going to $10,000; Silver to $500! Here’s Why

The consequences of the total economic mismanagement by world 171686-gold-silver-barsgovernments and central banks for the last hundred years will eventually result in my forecast of $10,000 gold and $500 silver being fulfilled.

The commentary above & below consists of edited excerpts from an article* by Egon von Greyerz of Matterhorn Asset Management (GoldSwitzerland.com).

$10,000 gold is not sensational…Remember that the $10,000 gold is a forecast in today’s prices – but I don’t believe we will have today’s prices. Instead we will have hyperinflation leading to $50,000 gold which is Jim Sinclair’s forecast or 100 trillion Marks like in the Weimar republic. The latter forecast would be the result of the $1.5 quadrillion derivatives imploding.

…[My] forecast that stock markets will go down by up to 95% or precious metals up by 100s of percent is all in relation to the excesses that we have seen over the last 100 years. When bubbles burst, unexpected as well as uncontrollable events will take place.

The above article has been edited by Lorimer Wilson, editor of munKNEE.com (Your Key to Making Money!) and the FREE Market Intelligence Report newsletter (see sample here – register here) for the sake of clarity ([ ]) and brevity (…) to provide a fast and easy read.

*https://goldswitzerland.com/sensational-events-looming/#more-21815

Related Articles from the munKNEE Vault:

1. New Update: Gold & Silver Will Plummet In 1st Qtr. of 2016 – Then Go Parabolic!

My new analyses of gold & silver indicates they will both continue to show weakness throughout the balance of 2015, plummet to $725ozt. & $12ozt. respectively, during the 1st. Qtr. of 2016 and then go absolutely parabolic in price by the end of 2016/early 2017. Below are the specific details of my forecasts (with charts) to help you reap substantial financial rewards should you wish to avail yourself of my insightful analyses.

2. Gold & Silver Cheerleading Knows No Bounds!

Optimism, hype, wishful thinking, hope – call it what you will (unabashed cheerleading?) – abounds regarding the future for the price of both gold and silver. Below are just a few such views.

3. Only Fools Base Investment Decisions On Pundit Predictions! Here’s Why

Nobody can predict what the stock market will do so basing your investment decision on market or economic predictions is a fool’s game.

4. Protect Your Portfolio By Including 15% Gold Bullion – Here’s Why

Only about 2% of ‘investors’ actually have gold in their portfolios and those that have done so have insufficient quantities to offset the future impact of inflation and to maximize their portfolio returns. New research, however, has determined a specific percentage to accomplish such objectives. Words: 1063

5. Be Careful! Owning Gold Bullion is a Revocable Privilege in the U.S. – Not a Basic Right!

The laws of gold confiscation are very clear in the U.S.: During any time of national crisis, it becomes illegal to buy, sell, or “hoard” gold bullion in any form. It is delineated under an Executive Order and can be re-administered as quickly as the assets in your checking account can be frozen. The penalties for violation are 10 years in prison, $10,000 fine, or both. Words: 821

6. Gold & Silver, Not Cash, Are the Ultimate Risk-free Investment Class – Here’s Why

Instead of gold, people commonly think of paper money as the only medium of exchange and as a store of value; cash is after all their unit of account. They see the gold price rising when they should be seeing the value of paper money falling.

7. Gold Eventually Going To $5000 – Or Even Higher

The correction in gold is approaching, or is at, its conclusion although gold could drop to $1000 before it’s done. That being said, however, further losses are looking less likely as the dollar has broken down from its parabolic uptrend and is vulnerable to a severe decline. The long-term outlook for gold and silver is a massive parabolic ramp similar to, but much greater in magnitude than that which occurred in the 1970’s, taking gold eventually to $5000 or higher. Silver may prove to be an even better investment. Here’s my explanation with a good number of charts.

8. Gold Measurements “Troy” & “Karat”: What Do They Mean?

You have no doubt read countless articles on the price of gold costing x dollars per “troy ounce” or perhaps just x dollars per “ounce” but the difference between the two measurements is significant. For that matter, what’s the difference between a 24 karat gold ring and an 18 karat gold ring? Let me explain.

9. The 2 Best Places Online To Buy Gold & Silver

The best places to buy gold and silver online depend on what your goal with the gold is — amassing physical bullion for financial security or to speculate on prices. Below are strategies and recommended dealers for each approach: