STEEMIT Gold / Silver Report: It's Not Just Jim Rickards, I Prescribe To $10,000 Gold - Byron King - Jim Rickards Media Editor VIDEO / 5 Mins.

in #gold7 years ago


Precious Metals are being backed as Blockchain assets every week, we can have it all.

Moving into the new economy, we will build this together friends.

Let's chase Liberty and rid ourselves of the Banksters messing with everyone on the planet.


Reminder that the Government of Canadastan sold off all reserves of our gold not long ago, in early March of 2016.

Our money, like most, is literally backed by NOTHING and that is addressed in part in the COMER.org lawsuit against the government, to return the monetary policy to the hands of the PEOPLE.

COMER is the Canadian version of END THE FED in the USSA.

https://globalnews.ca/news/2557900/canada-sells-off-remaining-gold-reserves-has-just-77-ounces-left/?sf21979544=1


Resource Today:

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From Kitco:

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The imminent collapse of modern currencies will push gold up to $10,000 an ounce, assuming central banks resort back to a gold-backed monetary system, said Byron King, editor of Jim Rickards’ Gold Speculator.

“If you take the global money supply, back it with 40% gold, you need $10,000 gold to make the math work, and that’s just using a 40% backing,” King told Kitco News on the sidelines of the PDAC 2018. “And it has to do with the eventual demise of modern currencies.”

Byron noted that gold stocks at current valuations are much more attractive now than they were two years ago, and said that today’s miners are backed by “better numbers” and “smarter geologists.”

“We are in a new gold bull cycle, we’re in a blip of six or eight month downturn, but it will turn around. These are fundamentally good companies with great value behind them,” he said.



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Thanks for reading, have a nice day.


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Metals still down as a rule. Still time to buy some.

For future viewers: price of bitcoin at the moment of posting is 7749.00USD

great post @barrydutton ! thanks a lot !