Gold

The World Bank says that in the next year as many as 12 countries will not be able to service their debt. It will be the largest debt crisis in history. when gold reaches $3,000 the public will then rush in and gold will hit $4,000, then hit the delusion phase and hit $5,500 in 2024.

Gold continues to face a strange combination of tailwinds and headwinds. Even as U.S. inflation rockets toward double digits, gold appears stuck in the mud. Why is it falling? When will it shine again?

This article looks at physical gold, silver, platinum and copper regarding their respective versatility of use, durability, fungibility, store of value, liquidity and aesthetics which will yield a new perspective on precious metals (including copper).

Lorimer Wilson has had the majority of his 5,600 articles over the past 10 years posted on 20 different sites including his own "site for sore eyes and inquisitive minds" but has managed to keep a low profile in the process. That being said, his timeless articles remain articles for the ages. Read on!

History clearly shows that bear markets are the catalyst for big moves and bull markets in Gold and now, with odds favoring another leg lower, that will be more than enough to get Gold to break out and hit my $4,000 target by the end of 2024.

If you have not grasped the reality of what is likely to unfold over the next 6 to 12+ months in the global markets and that precious metals are the setup of the decade, then pay attention to the fact that gold and silver are poised for moves ranging from 40% to 240% over the next 12+ months depending on the scale and scope of this move...

If you believe that the dollar is overextended relative to other currencies, and that a reversal could happen in the coming weeks and months, now may be a good time to accumulate gold, especially if you think we're in the midst of a recession.

What follows is a severely abridged paraphrasing of article on what is expected in the months ahead regarding the price of gold and mining shares and the reasons for it.

The core idea of the crack-up boom, in summary, describes the collapse of a monetary system, due to out-of-control inflation expectations by the market participants, that were in turn caused by extreme increases in the money supply.

Investors should consider today’s prices a gift and perhaps a last chance to acquire gold at these prices before the real safe haven race begins. Gold is so cheap right now, it’s practically a steal.