Tom Fitzpatrick predicts 3,500 $ gold and 100 $ silver

TreasureHunter said:
Tom Fitzpatrick from CitiGroup predicts 3,500 $ gold and 100 $ silver "in a few years". We'll I've read many similar articles...
He also believes the 1976 scenario will repeat itself.

http://freedomgoldgroup.com/breakin...-fitzpatrick-gold-at-3500-in-a-few-years.html

http://www.mining.com/citis-fitzpatrick-gold-on-its-way-to-3500-silver-100-93926/

http://www.primevalues.org/market-watch/citigroup-gold-3500-silver-100.htm
Click to expand...

I dont seee the GSR going to 35

a 4 x rise in silver with gold only rising 2 x seems unlikely
 
Another load of crap by another dickhead would should just shut up.
 
I predict gold to $100,000 (give or take 1-99%) within the near future (1-1000 years) and silver to make similar gains.

I suggest everyone goes all in.

As much credibility as taking a billion dollar cheque from the Bank of Somalia.....(apologies to any Somalian Bank employees who may be reading)
 
The one truly noteworthy thing here isn't that idiotic prediction -- it's the unbelievable fact that that idiot gets paid money for saying idiotic things like that.
 
The problem with the language of commentators is that they monetise the outcome on the same failed currency that leads to the outcome.

$3,500 gold could well happen in a few years, so what, if it only has the same buying power of $750 gold today!

We need a new paradigm, perhaps we need a standardised working fortnight. At the moment 1oz gold will substain a person for a fortnight, what will $3,500 do for you in a few years? 1/2, 1, 2, or more fortnights?

We stack for a number of reasons but I doubt if silver goes to da moon that we will want the $300 per ounce in fiat at the end. That will not be a winning play. We will want fortnights!
 
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