Post by
pdcon1 on Jul 06, 2016 8:02am
greenspan states world should be on GOLD STANDARD
how high would gold climb if the countries of the world had to back their currency with gold officially as they are doing this quietly as central banks keep buying . I would say they could only back a percentage and gold would be over 2000 dollars and as they print more money they would have to buy more gold to back it. . Where would mto price be then , minimum a ten bagger , jmo holding tight , thats why we buy jr gold producers . who have loads of unexplored gold . Dont let the bashers suck the shares out of you and make your profits .good luck longs
Comment by
tsoprano1 on Jul 06, 2016 9:14am
pd, I read an analysis that stated that gold would need to be in $10,000-12,000 range US for the United States to be able to pay off debt and back money. That was assuming that Fort Knox still had the amount of gold they claim it has. That is where a lot of these guys get the 10k number from. Very plausible the way things are going globally. T