Gold and Silver • Re: Chaos, Inflation, $10,000 Gold & Silver In Triple Digits

I am thinking there is thousands of people who have no clue whats really going on with the fiat currencies and the ecconmies.If and when they finally do catch on and think they better jump on the precious metals band wagon, gold will be away to high for them to afford.It proably already is for most .Silver will be there only choice and this will help drive silver back to its traditional ratio of 16 to 1 with gold.It currently is at about 50 to 1.Be interesting to hear Yoda’s thoughts on this subject????? Recent forecasts I’ve seen for highs in gold are a minimum of $3500.00 per oz that would give silver a value of over $200.00 if it goes to its traditional ratio of 16 to 1.If gold goes to 10,000 an oz as this article suggests we could see silver over $600.00.If that happens I wouldnt want to forecast the price of a liter of gasoline or a loaf of bread but expect hyper inflation will have taken over and the cost of living will have gone through then roof and intrest rates will be unbearable
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Statistics: Posted by DIGGER DAN — Wed Sep 19, 2012 1:44 am