basicly all world centrals banks have started cut their interest rates just recently, and some plan going even negative interest rates, this has never happened modern history
this is currency war, and leads to inflation to all fiat currencies, thats why gold breaking out
$ 10 000 Gold is moderate estimation of future, and $ 1000 silver is totally possible
so all countries are record debt, everything is record debt, and now central banks cut interest rates, and some start again printing money, they call it quantitative easing, and many msm economist talking already that negative interest rates coming
this means that fiat currencies losing value big time, so when people notice this, they find safe heaven their wealth, and gold and silver is hedge against inflation, and been store of value of thousands of years
Silver markets are tiny, and so they are very manipulated, some even say that silver is better investment that gold
Jim Sinclair-Silver Will Be Gold On Steroids In Coming Rally
Renowned gold expert Jim Sinclair stands by his prediction last year of an eventual gold price of $50,000 per ounce. Sinclair explains, “You have to understand we are going into unprecedented deflation, and it’s the reaction of central banks around the world to the concept of deflation that brings about hyperinflation. . . . There will be debt monetization of all kinds of debt to maintain some sort of equilibrium. The price of gold is going to go to a level that is going to surprise everybody. I was told that this is a rally that you won’t sell. That means gold will go to a level and not react violently down from that level. . . . This is when gold is going to levels that today are considered more mental illness than monetary analysis. Silver is best understood as gold on steroids because whatever potential and direction is taken up by gold, silver will be multiplied by 2 or by 5. . . .Silver will outperform gold.”
>Gold goes up but the purchasing power of the dollar remains the same
Sebastian Adams
well, look what happened Bitcoin, some say when it was $ 1, that it doesnt go higher
then it went to $ 20 000
when/if fiat currencies coming worthless because central banks action, majority of people buy gold, and when gold become very expensive rest buy silver
Lincoln Young
look at this, its says
US dollar to Gold ratio now $ 5958 and US dollar to Silver ratio now $ 725
