Debt to cause "Dramatic re-pricing"...Gold to $3000-3500 soon?
(www.kitco.com)
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If true, what will happen to the Dollar? What about silver? Any learned financial anons here?
IMO the rumors of a dollar collapse are false. The dollar would hyperinflate first.
Also my opinion, it's nice to see silver and gold where it is, and I believe other countries buying gold/silver are what is driving up the price. Other countries know the dollar is shit.
Interesting in the video, he mentions a controlled default. Didn't our Pres say we're going default?
I'm not sure the dollar would be around long enough to hyperinflate. Too much of the world relies on trade with the dollar. It isn't like Venezuela - nobody really cared about their money and didn't rely on it for anything (other than the Venezuelans). We won't see people wheeling around wheelbarrows of dollars.
I think if the dollar does crash it will be over a 2-4 week period while the world adjusts to trading with BRICS currencies, or they will just go straight to Chinese, Russian, or European currencies. The rest of the world won't wait while the dollar goes to fractions of a cent.
It said silver will outperform gold
Hope so, I'm heavily INTO stackable silver.
It’s looking like gold will skyrocket first dies to its historical position and the love Central banks have for it. I think that sometime into this process we’ll find out how fraudulent the silver market is and that’s when it takes off.
Silver will eventually move back to the 17:1 ratio it comes out of the ground. May be slightly better since silver has actual industrial and medical uses. Right now though silver is very highly manipulated and it will be awhile before the paper silver issue is fixed.
If gold is lets say 2500 an ounce that would make silver around 150. The thing about gold is that it takes the same amount of gold to buy a loaf of bread today as it did two centuries ago. Golds real value hasnt changed. Its the fiat currency whose value has been reduced.
All the silver in solar panels is lost forever
Federal reserve notes will go. U.s. treasury note will replace them.