$4000 an ounce

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A quote from Benjamin Graham, the author of The Intelligent Investor "The Intelligent investor is a realist who sells to optimists and buys from pessimists." He wrote this famous book 75 years ago and Warren Buffett believes it is "by far the best book ever written about investing."
 
bit of a correction happening over night, gold pulled back to the hammer candle in the chart, if it trades there and consolidates is all you can ask for and as for $5000 by Christmas, well there needs to be a lot of optimists, and the world will need to be in the poo worse than it is now

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Gold In The Blood said:
Its past its use by date and is currently on life support, it will soon fade into history as have all the other world reserve currencies in past history.

What's the current US debt?
I think I read somewhere that it in the $30s Trillions and going up at a trillion dollars every few months, with US unfunded liabilities of over $200 trillion, this cant go on for much longer.

What gold is telling us is that the practice of creating money out of thin air by the FED and other central banks is not a sustainable practice and gold is taking over as the worlds premier currency.

The BRICS nations understand this and are working on a common currency with some gold and other commodities backing it.

All the current Ponzi schemes such as share markets & cryptos will crash in the next few year as will the absurd real estate markets.
People who hold these items as their main source of wealth will see their wealth disappear before their eyes.

Gold will shine in this environment as it the only form of honest money that God has given us, and it will retake its former number one position, as the world is forced back on to the gold standard.

I hope someone took my recommendation to buy some poor mans gold (silver) if you cant afford gold.

It had strong day on Friday, up about 7% to over $50 Aussie Pesos per ounce!
It seems to have broken the resistance levels to the upside and it could be starting a bull run too.

Interesting times indeed.
Click to expand...
I remember a member spruiking bitcoin at $5000 I wonder if he held on
 

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