wtf gold going 650-910 next year? is this real tea?

lol.. man these guys get me all paranoid and shit... https://www.youtube.com/watch?v=wcBBiy3DybI

Listen from 33-34

That does not make sense.. I mean if gold goes that low.. how the hell are mining company's going to make any money, why would china and other country' buy by the tonnes..

Think of gold at 650 per ounce... that would be like silver at 3-5 dollars an ounce lol... WTFF

 

How shocking was 1,300 $

I first predicted the gold crash in late 2012, when I came to this forum. Almost everyone jumped at my throat. And then it happened roughly half a year later!

So, "what if" again...

 

when's the last time you seen a 650 gold price lol

 

2006

 

WHAT IF THIS
WHAT IF THAT
What if the sun doesn't come up in the morning

 

sleep in

 

Would you buy a car from this man?

 

Gold has the same chance of going 650 -900 as it has of going to 4000-5000. If this guy was accurate he would be a millionaire not a economist

 

$1300 is and never was shocking, whereas $650 would be VERY shocking.

You and soooo many others predicted gold would come down to around the $1300 level, whereas no one in their right mind is saying $650.

Think it's safe to say $650 gold will never happen, just like 50c/L oil or milk will never happen again.

 

Well i just clicked on the link to see who was speaking and it was Martin Armstrong HAHAHA i guess me saying "no one in their right mind" fits well =D

Like hem9 said, if he was so accurate he wouldn't be an Economist bumb wearing the same shirt every time and talking like he lives in the ghetto.

 

To be fair to Armstrong he spent a lot of time in gaol so it's not surprising he talks like he lives in the ghetto. You have to keep up the street cred

 

$900 wouldn't surprise me at all, end of QE and the possibility of rates going up.

 

Depends on the car and the price

 

There was no-one else at that time on the forum predicting gold crash in autumn 2012.

And the news were full of "gold to 2,000 $", permabulls barked "to the Moon"!

 

In the very worst case it could go down to 800-900 $, I think...

But production costs... New cold war with Russia... BRICs cooking their soup for the West... Goldman Sachs eventually wanting to buy up gold to push up the price again... Germany's gold repatriation... Countries ditching the dollar with so many bilateral agreements... US debt skyrocketing...

So, it will have to go up again.

 

yea I'll trust him

 

I have followed him for a long time and he is far and beyond any other analyst on the web today.
He does not give exact numbers but significant turning points.
Nothing is written in stone and the turn could happen at 910 but depending on events, it could drop as low as 650.
These are just guides.
He has been spot on about the Euro.....over 15 years ago he clearly stated that the euro would not work and Europe would suffer as a consequence.
He is one of the few to explain exactly why the dow was not going to bust but in fact rise to all time highs.
He is one of the few to explain exactly why the u.s. dollar is going to an all time high .
These things are happening in real time, right now when so many other analysts that are quoted here have contradicted exactly what is occuring.
Proof is in the pudding. Ignore and ridicule this man at your own peril. You may not like him and you may not trust him but he has shown extraordinary insight into the workings of the economy and time is showing him to be very right.

 

This assumes production costs would remain stagnant into the future.

 

THIS

Anyone can look amazing if you only list what you got right. Also when someone (Martin) says something could happen in 2000, then 2005, then 2010, then 2015, then 2020 etc... then finally get one right, I don't really call that being spot on.

I guess if you believe in something or someone hard enough you can find truth in anything. Take the bible for example.