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Sask | For a couple years, and have probably posted this in the past, I figured $3500 to $3800 was a fair number to assign to gold to represent the destruction of value of the $us. And so all fiat currencies really.
Central banking cartel continues to use every tool in its tool box to solve the destruction of the economy they have enacted with ultra cheap debt by pulling out all their tools like debt, debt, more debt, and cheaper debt. So as all these tools are put to use to fix their problem of too much debt, my $3500 to $3800 price does need to be adjusted as it is a year or two old.
I suppose the people who think the $us is king and it alone establishes value of an asset and not the actual asset establishing value will say gold is way, way, way over bought. So much overbought it is under bought and keeps going higher.
Silver, I don't think is in a bubble yet either. But since we are talking about infinite paper contracts with not an ounce to back them setting price in our "supply and demand" based world, anything is possible but I don't see it falling much, not enough to worry about in the long run.
Platinum to me is still the one that sill surprise.
Ramifications of it all are people are understanding the nature of infinite fiat currency being created out of thin air and used to buy real goods. When people start seeing the scam, they will start looking for a way out. That is bad for the people running the scam.
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$4K Gold
