Gold and other precious metals will continue to rise in value amidst the current financial turmoil. These predictions have not come true. Sign In. I believe this is similar to Freegold, which I wrote about in Dec 2018. But you can change your future for the better today. That means gold will go to a level and not react violently down from that level. The Reset will likely be done in a hurry for a very short duration. The correction up in the ratio since 2011 most probably finished in 2018. With the total US monetary base now closing in on US$5.5tn the gold price could very reasonably be expected to rise to as high as US$3,281/ozt., When this ballgame ends, gold with be trading for at least $3,000 a troy ounce, and an extra-inning affair would not surprise me lifting the gold price past $4,000/ozt.., Using the post-2008 bull market as a guideline during which gold more than doubled within the ensuing 3 years, $3,000/ozt. Jim Sinclair and Bill Holter have made a number of bold observations and predictions regarding the price of gold. The timing is no less than one year from now to a maximum of three years from now. As such, all posts on this website have been screened at Library of Congress Catalog as to their eligibility for posting. We have about 200 Trn in fiat currencies and bonds, growing by approx 12%-18% per year. 6. Should money supply growth develop in a similar inflationary manner to that of the 1970s, a gold price of $8,900/ozt. So do yourself a favor and protect your financial future. Freegold is physical gold free from official money systems, owned free of all other claims and freely traded. http://usawatchdog.com/plunge-protect 2023 GoldSilver, LLC All Rights Reserved. It may not happen at the level that he predicted, but its going to happen nonetheless. But no one dared to attend Davos, except for Trump, without being totally behind the only Politically Correct position which states that humans are now in control of the earths temperature. The paper trail is there. Should the US dollar fail and/or the US dollar loses the coveted global reserve currency status and/or even the loss of the petrodollar, gold could hit these level far sooner., The proprietary valuation model shows a gold price of $4,800/ozt. Our technical indicators for stocks and gold indicate that a major turn in markets should be imminent. It may become outdated an there is no obligation to update any such information. This means we will likely see gold reach $7,758/ozt. As the chart below shows, China as a whole has bought 19,000 tonnes of gold since 2006. Theyve also shared their feelings on the US economy, the global financial crisis, the US national debt, and much more. Sinclair contends, We are facing the annihilation of currency. Please note that while Wilson may already have invested or may from time to time invest in securities that are recommended or otherwise covered on this website they do not intend to disclose the extent of any current holdings or future transactions with respect to any particular security and, as such, you should consider this before investing in any security based upon statements and information contained in any report, post, comment or recommendation you read on the site. The New Bank Bailout System Is Backed by Fed Printing! For example, Lagarde, the ECB Chief, has made a strategic review of the banks purpose and stated that action on climate is a fundamental component of monetary policy. adroll_version = "2.0"; I produced the time-bomb above some time ago with 3 dozen reasons to worry with the main risk being global debt. 7. The worm has turned. Shocking Truth Revealed! in that period. So based on MAMCYCLE, the January monthly close should not be overtaken in a subsequent monthly close. . Gold has to hold $1,720 or the next support is just below $1,680. Most investors arent prepared for the inevitable negative future on the precipice. Your email address will not be published. There are several proposals for the Reset. 12. Jim and I have received many panicked calls and e-mails regarding Martin Armstrong's latest article. I was told that this is a rally that you wont sell. One even claims that gold will spike up to $87,500/ozt.! This cookie is set by GDPR Cookie Consent plugin. The graph below shows that investors havent got a clue and live in a world of fantasy and euphoria. But that is likely to change soon. The projected value is $50,000 to $87,000. In fact, he believes that gold reaching $50,000 per ounce is a likely probability. All Rights Reserved. We have witnessed the Dow rise on economic news indicating deceleration of activity. We anticipate that the price of Gold will hover between the range of 2500 to 2700 over the next 15 to 24 months. Instead, a secular bear market in stocks is now likely to start. Every time we look at the price of gold, we take one step closer to realizing our prediction of the $3000-$3500 price target by 2024 and not ruling out a trip to $5000 by 2025., My price target for gold is somewhere between $3,000 and $10,000 per troy ounce., Given the current environment of rising inflation, negative real yields, a weaker dollar, and ongoing monetary dilution, gold should rise to $3,000 -$10,000/ozt. more likely than not. But only a foolish man would bet against him. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Please join Dom who has shown her appreciation of munKNEE.com with a $50 donation. If youre undecided about investing in gold, nows the time to get involved. I havent seen a Davos CO2 calculation yet but someone will most probably produce that. The turn down in the Dow will also be the start of a rapid fall in the Dow/Gold ratio and thus a very strong move up in gold. Create an account to follow your favorite communities and start taking part in conversations. I knew the monetary base had grown wildly, but did not Russia And China Intend To Drain The West Of Its Gold. Jim predicted The Great Reset will trigger once the. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". What does this mean? My job now is to define golds full valuation for you when it occurs. Do right by your family and begin investing in gold. Thats the major move coming forward. China and Russia have spent the better part of the last decade stockpiling gold. More and more analysts are projecting that gold will be going at least as high as $3,000/ozt over the next few years. He sees potential for gold to go as high as $20,000/ozt. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Gold will reflect the coming cataclysm and probably reach Jim Sinclairs $50,000 or much higher in hyperinflationary money. OTHER NEWS (Bloomberg) iShares Silver Trust Holdings Dropped 30.17 Tons . Another of my TA (technical analysis) sources says gold should hold at $1,720 and silver at $32. The global financial system can only suppress the price for so long. Chart 3 Global Gold Holdings - 2019 vs 200. Assuming the US turns inside to finance all maturities, interest rates will rise with the long term rates moving fastest regardless of prevailing business conditions. Required fields are marked *. Below is an updated list of their names and stated rationale for each forecast. We will also consider second proposal in tying Gold price to the whole Federal Reserve Monetary base. He welcomes constructive discussion and can be reached at: ftdao245@gmail.com , ftdao245@comcast.net, Home | About Us | Gold Price | Editorials | Charts | Analysis | Gold Forecast | Analysts "Participants generally observed that the recent developments in the banking sector had further increased the already-high level of uncertainty associated with their outlooks for economic activity, the labor market, and inflation. Dr. Stephen Leeb says this will send the price of gold above $20,000CLICK HERE OR ON THE IMAGE BELOW. There are several proposals for the Reset. Jim predicted that The Great Reset will start in 2016. at the end of this decade, even with conservative calibration. It Is "Debt Saturation" Plain And Simple! We also use third-party cookies that help us analyze and understand how you use this website. This cookie is set by GDPR Cookie Consent plugin. Barbera sees precious metalsstarting a new secular bull market that could last 10 to 15 years. Despite the growing economic risks, the central bank also noted that inflation remains persistently higher. The information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. I believe I will be able to do that for you. The start, like all starts towards the old high and well above, should be slow with more unfolding drama. According to Jim, he feels the equity markets in the Western world will reach their liquidity highest during this time. Parets sees the price of gold bullion heading towards $5,000 a troy ounce. Jim Sinclair and Bill Holter want to help you insulate yourself from the fallout too. His next prediction is it will reach $2400 per ounce and then begin to drop again. Sinclair explains, You have to understand we are going into unprecedented deflation, and its the reaction of central banks around the world to the concept of deflation that brings about hyperinflation. He left Wall Street in late 2006 to avoid potential liabilities related to management of paper assets. Life is full of uncertainties. The American writer Henry Louis Menken understood the purpose of these actions: The world will soon forget about the climate hobgoblins as much more dangerous trolls emerge. Why? Wow! As mentioned earlier, he has made a number of dramatic predictions. In the end, the central bank decided to raise interest rates by 25 basis points. We have most probably not seen the end of the Iran situation and there is a major risk that this could evolve to a global conflict involving the US and Russia. But opting out of some of these cookies may affect your browsing experience. Please consult your certified financial advisors for actual trading and investing. Very little was discussed in Davos in regard to global risk. Otherwise, feel free to peruse our List of Top 10 Gold IRA Companies before making a decision. Gold could trade anywhere between the levels of $3,000 or $4,000 per troy ounce in the next ten years given how much cash will be potentially put into the economy., Gold prices ought to at least double before this raging inflation runs its course, which would carry it up around $3,450 sometime in the coming years!. Bailout System is Backed by Fed Printing but opting out of some of cookies. Calculation yet but someone will most probably produce that Backed by Fed Printing to nonetheless! With more unfolding drama $ 20,000CLICK HERE or on the US economy, the central bank also that... Next few years full valuation for you when it occurs probably reach Sinclairs! Armstrong 's latest article inevitable negative future on the IMAGE below debt Saturation '' Plain Simple. 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