Gold price to surge past $3,000 says Bank of America

The United States Mint (Mint) will accept orders for the 2020 American Eagle One Ounce Silver Proof Coin (product code 20EA) beginning on Jan. 9, 2020, at noon EST. The coin is priced at $64.50

[link to www.usmint.gov (secure)]

24 trillion dollar deficit

...it's NOW up to a $26 TRILLION DOLLAR DEFICIT...:money:

Last Edited by Moses Born Again on 07/03/2020 12:02 AM

Remember the excitement of 100 billion deficits? bankruptsy 1995.

Remember the fake 83 tons of chinese Gold?

Found yesterday?
Sometins going on.

so all that's reflective of is inflation.

OK,gold has gone up, and ?
even IF you possess a couple of ounces and sell,what good is the cash in hand regarding the inflation ?
buy more preps ?

It's fake debt, it goes away when world war three starts. What do you think world war one and two were all about? Stopping the Germans...

If the price of gold (and silver) truly reflected the rate of inflation their prices would be much, much higher. Magnitudes higher in fact.

They constantly stomp down on the price in the future's market, the current rise although constantly repressed reflects the volatility in the financial markets as all of the fed's induced asset bubbles eventually pop destroying many in the process.

If there is a depression, those bars of gold won't even buy a loaf of bread. Many people want you to buy gold from them, but those same people will have nothing to do with buying gold back from you if there is a financial crash.

83 tons of fake Chinese Gold?

Thread: Mystery of 83 tons in fake gold in China.. And they wrote loans on it!

this is nothing more then the radical right thing to sell you their gold that they bought cheap


go ahead buy at the all time high, remember bit coin?

Bank of America is a good authority.

Gold and Silver Mining stocks are also doing well.

Real Estate is holding for now.

You cash out the gold and pay off existing debt at pre-inflation levels.

Yea, all it's saying is the dollar is worth much less.

Gold's value never changes.

Bloomberg says Bank of America raised its 18-month gold price target by a full $1,000 to $3,000 an ounce in a report titled “The Fed can’t print gold.”

Looks like banks are onboard for the Gold Standard to take effect.

That's horrible that the Rothschild's ran up a twenty trillion dollar debt and tried to stick the American people with it. Thank God for President Trump.

There is no limit to how big the Feds hot air national debt can get.As long as the gov. can tax in enough money to pay the Fed some interest on that hot-air debt,the Fed will be happy.Get ready for anything.

Opposite, people will stop buying gold, gold store closed, all scam.

Let Macro Economist George Gamon explain...

Can the Fed Go Bust!

Haves and Have Nots.

Say you buy metals. Where do you sell them later? That little gold shop down town?

I wouldn't trust anything any bank says.

This bank and two others are banks to avoid completely.
The other two banks have the initials WF and C.

Past performance is not indicative of future results. We've been in history's biggest bubble since Nixon closed the gold window in 1971.

So anything you think you know about gold is related to that investing paradigm, which is pretty simple really buy something and watch it's price go up as the fed and commercial banks flood the economy with exponentially increasing amounts of debt.

We do know that gold and silver have served as money for thousands of years. In fact all the formulas used to define what our money is today came from the time when gold was money. Proof:

Future value

FV = PV (1 + i)^t
Where
FV = future value
PV = present value
i = interest on financial instrument
t = time

Notice for this equation to work the present value PV has to be constant over the term of the loan or bond. With gold that assumption isn't too bad, annual production of gold is about 2% of existing gold stock. In fact that's where they came up with the cost of money being 2%

But dollars which are the banks accounting unit now are not constant over the term of any loan, even a 3 month note. Because they constantly devalue all dollars in existence with new credit created from nothing but promises to pay it all back.

BofA is mmmmmmm NOT good with other peoples money, online security or paying back their debts.
They ARE good at paying legal fees and getting bailed out and filing for bankruptcy.
Not one damn cent goes to the people they screwed; but if you want to do business with them, go right ahead, don't cry later.