Sunday , 5 May 2024

Search Results for: hyperinflation

James Rickards on $7000 – $8000 Gold (+4K Views)

You are going to see the price of gold go up… a lot and it may go up a lot in a very short period of time. It’s not going to go up 10% per year for seven years and the price doubles. It’s going to chug along sideways, maybe in an upward trend, with a lot of volatility. It will have a kind of a slow grind upward… and then a spike… and then another spike… and then a super-spike. The whole thing could happen in a matter of 90 days — six months at the most.

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Is There a Direct Link Between Rising Inflation and a Rising Demand For Gold?

History clearly shows there is a direct link between inflation and gold demand. When inflation jumps, or even when inflation expectations rise, investors turn to gold in greater numbers. When gold demand rises, so does its price and you can guess what happens to gold stocks. Below is a look at the extent of consumer purchases after inflation (and in some cases hyperinflation) took off in a number of countries.

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Gold’s 2014 Playbook: $1,050 This Summer; $1,800 – $2,000 By Year End! Here’s Why (+2K Views)

While I know this is tough to hear, as most of you are gold bugs, I am confident that the banking cartel has a purpose, and that purpose is to set up what will probably be one of the most lucrative long side trades in the metals of this entire secular bull market. Our job right now is to be patient and wait for that yearly cycle low later this summer. I think that low is going to drop at least down to retest $1200, and if the cartel has its way, they will push gold back to $1050 before this is over.

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