GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Thursday, June 27, 2013

PETER SCHIFF : GOLD is Now Selling for Less than Mining Costs

If GOLD in the US reverts to equal to the money supply, M2, it would have to be between 60-90K per oz. Even if it only covers 10% of the money supply, it should be between 6-9K per oz. If it were to cover the whole money supply, M3, it would have to be between 380-560K per oz. At a minimum, gold/silver will go up by at least 5X. Maybe as much as 45X current prices. Precious metals are the buy of a lifetime. Buy every ounce you can afford.


2 comments:

  1. Gold has NEVER been worth nothing. It has been a precious metal since creation and it's not about to change. Paper has never been worth anything since they stopped the GOLD standard. And Paul Volker is just a Pawn for the FED. (Rothschild's and their ilk)

    ReplyDelete
  2. Gold has NEVER been worth nothing. It has been a precious metal since creation and it's not about to change. Paper has never been worth anything since they stopped the GOLD standard. And Paul Volker is just a Pawn for the FED. (Rothschild's and their ilk)

    ReplyDelete

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