$ DIVE, GOLD SURGE- Category:Christian_Conservative_News
$ DIVE, GOLD SURGE
PAPER TIGER
Dollar Continues to Be Watered Down; Gold Sees No Ceiling
If the prospect of gold smashing through the $2,000 ceiling on its way, possibly, to five figures seems too ridiculous to fathom, economic analysts like Swiss America CEO, Craig R. Smith, say don’t blink . . . because these truly are unusual times.
Just consider this. As Smith’s company reports, the current commodity supercycle has swept gold prices up fourfold just since 2001. And the culprit? Here’s another stupefying number feeding into the gold frenzy. More than half of America’s total money supply since the nation was founded in 1776 has been created in just the past four years.
So, what does all this spell? Experts see a doom-and-gloom economy facing a double-dip recession—exactly the kind of uncertainty formula that yields very little investor confidence in paper money, while simultaneously making precious metals like gold awfully magnetic.
That’s why, in one of its most recent online reports, Swiss America cited a chronological list of more than 75 respected analysts who have projected, in virtual unison, on the skyrocketing trend for gold. All combined, concludes the report, these experts’ “average gold price expectation is $2,200/oz.”
Further, The Wall Street Journal reports that the real gold rush of the 21st Century has yet to take place, which would put yet another massively dynamic push behind the rising price.
Find out why the balance of economic power will continue to tip heavily from paper to gold in the foreseeable future, whether more aggressive predictions of a complete, back-to-the-stone-age flight out of paper currency and “digital financial instruments” is realistic, and just how high gold might go.
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