Saturday, August 17, 2024

GOLD HITS ALL TIME HIGH $2,510.00! aug. 17, 2024

 

Are you a Gold Bug?

 

https://www.youtube.com/watch?v=iaWUDxYrjaQ


READER COMMENTS: Wait, until DNC riots starts, nuclear war, Japan Yen crashes, dollar crashes, BRiCs no longer accept dollar as trade settlements.  If the Federal  Reserve cuts rates, emergency,Japan markets crashes and reserves are drained around the globe to get out of fiat. Liquidity drys up, boom. Despite the rise to $2,500 an ounce, gold is still below where it was in 1971 in terms of percentage of assets on the Federal Reserve's balance sheet. 
Back on August 15, 1971 - exactly 53 years ago yesterday - gold made up 12% of Fed assets. 
Today, even at $2,500, it makes up less than 9%. 
By those metrics, we are lower now at $2,500 than we were at $35 in 1971. From that point, gold rose by a factor of 24x to the 1980 top. 
A repeat of that move brings us to a top of about $60,000 per ounce. That rally also ended with a 15:1 gold to silver ratio. That brings us to $4,000 per silver ounce in a full blown monetary panic. 
This is not a prediction. It's just simple math.............................T

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