Mennzz
Long

Gold (GC1!) Future Price Outlook - January 4th, 2014

COMEX:GC1!   GOLD FUTURES
925 6 0
The debt of the United States will never be paid unless the nation's GDP grows beyond the level of debt accumulated. But with the amount of borrowing and Fed printing, the dollar is doomed to go, and with it, the domestic production and importation from abroad. Store shelves will go empty. The dollar will be worthless. Prices will skyrocket and those who physically invested in commodities will be better off than those who chose to enjoy their short term prosperity.

Rioting and looting will force the government to declare martial law and the government will be all to happy. A new division of military police will be created and in all the chaos, the constitution and bill of rights will be suspended indefinitely.

Overnight, people will be living in a nightmare. Overseas, economies backed by the USD and debt will be collapsing just like the USA. Countries who don't have a debt problem will be buying anything opposing the USD and debt based currencies . A small elite of corporate giants and those whom invested in physical real-world assets will have the power to barter, if by force the government doesn't seize and take control of these assets first.

2014 will be the start of a chain of events that will lead to an utter collapse of anything fiat. It's coming and there is no denying it. People who wish to ignore the facts will be in for a big shock and unfortunately, they'll be the ones who will be hit the hardest.

Educate yourself and others. Prepare for what's coming, because it's mathematically guaranteed to happen. Unless by some 'mystery' the United States discovers some form of wealth which ain't gonna happen!

http://www.youtube.com/watch?v=1rllioCwoGg
KoolerAid
2 years ago
Not going to happen. This is utter ignorance on your behalf to try and spread such bs. If there was an issue with USD, Gold for sure would not be the safe heaven. lol Its a useless garbage metal that is good for nothing. Government that can seize property can surely do away with Gold as it pleases. Gold is finished. Open your eyes and sniff the safety you seek else where. US started QE, world is following, so long as petro dollars live, king dollar stays alright. This is a mid year election year yes we will consolidate but will set new highs in Q1 and Q4 of this year and SECULAR bull market will continue. Grow the fuck up.
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Mennzz KoolerAid
2 years ago
QE1-2 infinity. There's no way the US is paying back the amount of debt it's accumulating. All our domestic production is going overseas because of the taxes and regulations that impounds them. Unemployment is just evidence of that. We aren't producing enough wealth to buy all the imported goods which we currently buy with debt, and the petrodollar you're so fond of won't mean anything once people stop accepting the USD. True, Gold ain't gonna help you when the dollar collapses, but owning it overseas in countries which won't collapse is a good insurance policy if you actually manage to get out of the USA and into another country. Traders will be buying anything opposing the USD, and Gold, Silver, and such other commodities are good stuff to have, and their value will be much much higher than it is now. The game is over. Don't lead people into a false belief.
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jago25_98
2 years ago
Gold is some protection, but poor protection. If inflation happens so does the tax on gold profits. Confiscation too. In a run up to a collapse the price of gold increases but in the actual collapse the price of gold falls since people need to sell their reserves to survive. Since the USA is the epicentre of the empire a collapse here effects the rest of the world and just possibly that could be enough to depress gold price throughout the world. But that last bit is only a maybe. I've seen negative elliot wave counts long term and also commercial hedgers... if the stats are not faked also put price at about $1000.

My father took this viewpoint of collapse 30 years ago... and he's been waiting for it ever since. It's good to diversify and protect wealth. But decisions based on emotion is a great way to blow up wealth. And that is exactly what the goal of this piece is - stirring up fear.

I'm bearish... but not on everything!
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Mennzz jago25_98
2 years ago
Great point!

Gold and Silver may not be all that protective. It's better to have stockpiles of non-perishable foods, ammo, and guns, but including that, it's also great to have (as I've noted before), stockpiles of gold and silver preferable offshore in another country which doesn't have any debt problems and won't also collapse if the US does.

In these countries, traders will be on top of it buying anything opposite the USD and other fiat currency pairs, and this includes gold and silver. If you manage somehow to get out of the US or any effected nation in any case, it's best to have some form of 'wealth' where you'd be headed.

The decision to diversify isn't based on emotion or fear. The truth is, everyone should be afraid! The debt is growing, the spending is non-stop, the GDP growth is minimal because of government regulations and taxes. Businesses are outsourcing and the evident of that is joblessness. It's a hole which the government dug us into and there's no one but dirt up there for miles.

True, people should not just take all their savings and dunk it in one thing and pray. That's why I say educated yourselves and learn which best things may help you and where to put some of those things in the event of an economic collapse. But don't wait until you wake up one day and your dollars are worthless!

Good points never the less.
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LOL - never!
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42Serega.
2 years ago
Do you use elliott wave analysis?
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