My prediction: $800 per ounce before 2020. Yours?

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#1 Tue, Jun 14, 2011 - 5:11pm
silvernomics
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My prediction: $800 per ounce before 2020. Yours?

Well, it would be nice.

My thinking is $12,500 gold (a la Sinclair, Armstrong, Field, Rickards) and the GSR @ 15:1

Edited by: silvernomics on Nov 8, 2014 - 5:10am
Tue, Jun 14, 2011 - 5:40pm
brad_pitts_betterlooking_brother
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that would be swell as long

that would be swell as long as the dollar is worth something by then

Tue, Jun 14, 2011 - 5:50pm (Reply to #2)
goldmen_sucks
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And a loaf of bread will be

And a loaf of bread will be $800 per slice by then though. wink

Tue, Jun 14, 2011 - 10:37pm
Vypuero
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not necessarily - gold will

not necessarily - gold will be re-valued as money and will be worth a lot more (see FOFOA). Even if not by that much, it will be enough to make you some significant gains.

Tue, Jun 14, 2011 - 11:18pm
TheGoodDoctor
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Parity and beyond.......

silvernomics wrote:

Well, it would be nice.

My thinking is $12,500 gold (a la Sinclair, Armstrong, Field, Rickards) and the GSR @ 15:1

Parity between silver and gold. Then beyond parity. USGS says the first element to be extinct from the periodic table is silver. What year? 2020.

Izzy Friedman says silver will be 5 times gold. So, silvernomics think about that for awhile.

“Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves.” Norm Franz
Thu, Jun 16, 2011 - 7:59am
bensgone
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There will be no dollar by 2020

By 2020 the dollar will be gone. We will default back to gold, silver, and other instruments that can be used as a medium of exchange and other precious metals as stores of wealth. Gold and silver will once again be the ultimate measure of value and price, the most used store of wealth, and medium of exchange, as they have for the past five thousand years.

Thu, Jun 16, 2011 - 8:04am
bensgone
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We will not say a thing is worth so many dollars by 2020

We will measure all things in terms of their value and price as ounces or fractions of ounces in either gold and silver or other precious metals and or other competing instruments of trade and exchange.

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