Freunde des Silbers
CONCLUSION
•Gold was not in a bubble in 2011. The fall to $1,180 in December 2013 (about $1,200 as of late September 2014) is just another correction similar to the correction in gold prices from 1974 to 1976.
•Gold prices are still low compared to debt as shown by the gold to population adjusted national debt ratio from the past 44 years.
•National debt is increasing rapidly, population is increasing slowly, and the gold to population adjusted national debt ratio seems likely to increase substantially from here. Hence gold prices will rally much higher, thanks to massive increases in debt, more currency in circulation, “money printing,” investor demand, higher energy prices, various worries and wars, and Asian demand.
•Will gold prices rally tomorrow, next week, next month or next year? I don’t know; the High Frequency Traders will determine most of the DAILY price action, but LONG TERM price changes will be determined by purchases of physical gold in Asia, massive “money printing” in the West, and the “wisdom” of our central bankers and elected leaders in the West.
Alternatively, congress could pass a budget that drastically cuts spending, reduces the military, slashes spending on Social Security, Medicare, presidential golf excursions, White House staff, congressional staff, CIA spending, and 1001 other governmental expenses.
If you find that scenario unlikely, consider buying gold and silver while the prices have been smashed down by our favorite High Frequency Traders.
http://goldsilverworlds.com/economy/gold-and-silver-vs-debt-and-taxes/
http://www.nomiprins.com/thoughts/2014/9/21/...l-boots-on-the-gr.html
Treasure the Moment as summer ends and Gold trades in the low $1200’s and Silver at $17; for a Runaway Bull Market follows!
http://www.silverdoctors.com/...y-treasure-the-moment-as-summer-ends/
Russia Holds Massive Military Drill: 155,000 Troops, 4,000 Tanks, 632 Aircraft, 84 Ships
http://www.zerohedge.com/print/494709
http://wolfstreet.com/2014/09/22/...t-reserve-currency-status-erodes/
http://wallstreetexaminer.com/2014/09/...athtub-economics-has-failed/
http://www.stltoday.com/business/columns/...9f-a6ec-35f734b26ff9.html
http://www.kitco.com/news/2014-09-24/...uts-3-Month-Call-To-1200.html
Yellen Warning on Unsettled Rate Timetable Ignored by Investors
http://www.bloomberg.com/news/2014-09-24/...considerable-time-up.html
Put in $25, Get $10,000 Back. Your Bank Becomes a Casino
http://www.bloomberg.com/news/2014-09-23/...-to-your-corner-bank.html
http://www.telegraph.co.uk/finance/economics/...one-isnt-working.html
http://www.kitco.com/news/2014-09-24/...l-In-Place-Frank-Giustra.html
http://wolfstreet.com/2014/09/24/...nvestors-would-lose-their-shirts/
http://www.kitco.com/news/2014-09-24/...d-Roughly-Flat-In-August.html
Venezuela Opens Gold Vault for BofA Analyst to Count Bars
http://www.bloomberg.com/news/2014-09-24/...alut-for-closer-look.html
http://theeconomiccollapseblog.com/archives/...xposure-to-derivatives
http://www.scientificamerican.com/article/...impending-magnetic-flip/