• Gold Standard I...
    01/12/2016 - 00:57
    Jamie Dimon, JP Morgan ChaseBrian T. Moynihan, Bank of AmericaMichael Corbat, Citigroup I am writing to you to warn you about the disruption that is about to occur in banking.

do-loop

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Ask yourself why you want to know more? Altruism or selfishness?

The "least unfavourable" option for governments is to inflate their way out of large debts. We'll start to see this in 5-15 years. Once interest rates start to rise significantly, governments will have no choice.

The real cost of living increase is - on average - 4.5%. Ignore CPI.

Gold will likely - eventually - dip to 600-800 USD/oz. look at the long term trends; it'll bottom in 10-20 years. This having been said, there are still many, many good reasons to accumulate gold in the years to come via dollar cost averaging.

Thanks to sheer demographics (baby boomers), most Western world nations won't see a budget surplus for 30+ years. Every year from here on in will worsen things. You do the math on what that will do with your money in/money out interaction with the government.

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