What we know for sure: In ten years time, an ounce of gold and a kilo of silver will still be an ounce of gold and a kilo of silver. But will a bit of paper today representing $50, or $50 in a bank, still be $50 in a decade, or will the ledger have been wiped clean?
Long term is up but the path will not be straight. A drop below the $1000 is still a reasonable probability. A big move up in the U.S. dollar index is brewing which may precipitate such a temporary drop. All roads lead to Rome. All capital is now pointing squarely at the U.S. thanks to NIRP madness, unserviceable Euro debt making bonds a poor/dead investment, the eventual exit of Great Britain from the European Union leading to a collapse of the Federation as other countries will demand an exit from the Brussels dictators. Stability, stability, stability is the name of the game. U.S. stocks, U.S. dollar.....eventually gold, silver etc....
[youtube]http://www.youtube.com/watch?v=L-OxMCOFhFY[/youtube] [youtube]http://www.youtube.com/watch?v=2WnHUukc31I[/youtube]
The big question is: how much 10,000 $ will be good for, once gold reaches that level? Ask yourself rather, how much an ounce of gold will buy you, should a collapse occur? It is not excluded that gold's real purchase power will in fact increase. Perhaps you will be able to buy a lot more than today. Just like Bitcoin's price has increased. Right now, in the west, you could buy a really old heavily used car with an ounce of gold. But, what if in the future that same ounce could get you a brand new quality car? Or, what if gold's price skyrockets and an ounce would be enough to buy yourself a house?
'Gold is not money because the value of money should change and money should be shared by society. Gold is selfish, extravagant waste'. The guy in the black interviewed is a typical looter. Absolutely clueless.
