Gold doesn't usually fall lower than what it costs to dig an ounce out of the ground. Over the last few years, it didn't go much below $1050 because it takes $1100-1200 to pull an ounce out. And some of us have painstakingly and slowly managed to buy some gold as our long term hedge for our survival in retirement. Gleefully taking out the big players to lower their holdings also affects little people like me just trying to supplement a govt pension in a few years.
it's a badly phrased question, but I'll have a stab at an answer.
I have zero idea where you plucked your 100 price from but there is a scenario where that is a real possibility. It has to do with the value of every currency.
Going back to Jekyll Island at the time that the globalists stole the US Dollar, lets say it was worth $1 it was a benchmark.
Today it is worth 5 cents, a loss in Dollar value of 95%.
The reset has no option but to re-evaluate currencies. all currencies will have to be backed by assets, fiat is due to be killed off.
So if the old Dollar value was restored to 100% of it's value that would mean gold at around 10k/oz - 100 new Dollars
This is all very approximate and speculative.
We have no idea today, what each currency will be revalued at but there is an awful lot owed to every person on the planet.if we are to be reimbursed for a century of usury in a rentier economy.
Imo only... buying silver to make money isn't the reason everyone should buy silver. Physical silver "not slv" is real money and I think everyone should have a little put back to keep from completely being ass raped by inflation. The economic collapse/ dollar crash etc. Is gonna be brutal. A couple months of food, water, medical, and hygiene. Are a great investment, and a little silver to top it off may just help get your family back on their feet during the recovery faze..
Hmmmmm... Definitely worth a discussion for anyone who holds gold. Gold:Silver will get interesting no matter what
Can't tell if stupid or sarcasm. Deported to be sure.
Please enlighten me where I am wrong?
I'm not sure what I'm missing from your point but how do you propose lowering the price of gold to $100?
Gold doesn't usually fall lower than what it costs to dig an ounce out of the ground. Over the last few years, it didn't go much below $1050 because it takes $1100-1200 to pull an ounce out. And some of us have painstakingly and slowly managed to buy some gold as our long term hedge for our survival in retirement. Gleefully taking out the big players to lower their holdings also affects little people like me just trying to supplement a govt pension in a few years.
If the FED fails and we go back to the Gold Standard, Gold could go up BIGLY....... RETURN TO GOLD STANDARD COULD VALUE GOLD AT $7,000/OZ. https://www.valuewalk.com/2020/06/us-dollar-return-gold-standard-price/
It's the ability to being able to manipulate the stock market that makes them super rich (along with other assets and businesses).
The fiat currency is what makes us poor.
it's a badly phrased question, but I'll have a stab at an answer.
I have zero idea where you plucked your 100 price from but there is a scenario where that is a real possibility. It has to do with the value of every currency.
Going back to Jekyll Island at the time that the globalists stole the US Dollar, lets say it was worth $1 it was a benchmark.
Today it is worth 5 cents, a loss in Dollar value of 95%.
The reset has no option but to re-evaluate currencies. all currencies will have to be backed by assets, fiat is due to be killed off.
So if the old Dollar value was restored to 100% of it's value that would mean gold at around 10k/oz - 100 new Dollars
This is all very approximate and speculative.
We have no idea today, what each currency will be revalued at but there is an awful lot owed to every person on the planet.if we are to be reimbursed for a century of usury in a rentier economy.
Imo only... buying silver to make money isn't the reason everyone should buy silver. Physical silver "not slv" is real money and I think everyone should have a little put back to keep from completely being ass raped by inflation. The economic collapse/ dollar crash etc. Is gonna be brutal. A couple months of food, water, medical, and hygiene. Are a great investment, and a little silver to top it off may just help get your family back on their feet during the recovery faze..