Well gold is already ready to peak, as in my previous post, gold is already depleted. A good mine hardly gets 5 grams per ton of ore. Mining companies are already feeling the pain of selling cheap metals to the market, and transferring their wealth to banksters.
Central Banks like russia and china have already understood the message, and they were buying gold before their economies went into sabotage. Its no coincidence oil droped and russia is feeling economic pain. it will slow their gold buying spree, and china stocks collapsing also the same.
To sabotage another country economy isnt a easy job even for a economic war grandmaster(west mainly EU and USA) its basically impossible to keep oil down for long time(bribing the saudis and us shale is just too expensive for someone who owns 19 trillion already and is being pressured by big banks to increase rates.)
So, whenever oil climbs(probably by the end of 2016. Gold will climb bringing silver with it to somewhere around 2000usd gold, 50usd silver.
That will be the first peak, witch will continue for another 3 to 4 years.
During this 3 to 4 years, retail and industrial demand for silver will climb, and then not just gold will be depleted silver will join the team then it will be the time that silver and gold will go to something like a 30:1 ratio.
In about 5 to 10 years, USA public debt will be impossible to pay(even with very low interest rates). Reaching something around 30 to 60 trillion dollars. EU and other worldwide countries will be the same. Thats the end of fiat currencies, and theres where we see gold above 10k dolars mark and silver abover 500 dolars mark for the next 10 years.
In 50 years, all currencies will be backed up on silver and gold and other commodities and precious metals. Then human race will go to the space in search for more precious metals, keeping the price under control.
Precious metals will be the reason why human kind will develop intense space technology.
Fiat currencies will die, but currencies will always exist, they will just be peg to some real hard assets, specially because silver and gold will become too precious to keep at hands all the time.
Central Banks like russia and china have already understood the message, and they were buying gold before their economies went into sabotage. Its no coincidence oil droped and russia is feeling economic pain. it will slow their gold buying spree, and china stocks collapsing also the same.
To sabotage another country economy isnt a easy job even for a economic war grandmaster(west mainly EU and USA) its basically impossible to keep oil down for long time(bribing the saudis and us shale is just too expensive for someone who owns 19 trillion already and is being pressured by big banks to increase rates.)
So, whenever oil climbs(probably by the end of 2016. Gold will climb bringing silver with it to somewhere around 2000usd gold, 50usd silver.
That will be the first peak, witch will continue for another 3 to 4 years.
During this 3 to 4 years, retail and industrial demand for silver will climb, and then not just gold will be depleted silver will join the team then it will be the time that silver and gold will go to something like a 30:1 ratio.
In about 5 to 10 years, USA public debt will be impossible to pay(even with very low interest rates). Reaching something around 30 to 60 trillion dollars. EU and other worldwide countries will be the same. Thats the end of fiat currencies, and theres where we see gold above 10k dolars mark and silver abover 500 dolars mark for the next 10 years.
In 50 years, all currencies will be backed up on silver and gold and other commodities and precious metals. Then human race will go to the space in search for more precious metals, keeping the price under control.
Precious metals will be the reason why human kind will develop intense space technology.
Fiat currencies will die, but currencies will always exist, they will just be peg to some real hard assets, specially because silver and gold will become too precious to keep at hands all the time.
