$5,000 Gold and $300 Silver ?

[jeff of pa]

If the silver ratio is heading to 16:1, that implies a near term price range of $90 – $100 per ounce.

If gold goes to $5,000 an ounce, and the silver/gold price ratio remains 16:1, there’s silver at $312.50 per ounce.


http://www.midasletter.com/index.php/5000-gold-and-300-silver-are-coming/

 

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[StevoCBR]

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[StevoCBR]

In 2010, the world mined approximately 736 million ounces of silver and 85 million ounces of gold.3 The world also produced an additional 215 million ounces of silver and 53 million ounces of gold from recycled scrap.4 Adding both together brings us 951 million ounces of silver and 139 million ounces of gold supply, for a ratio of nine ounces of silver to one ounce of gold.

 

[silverfinder20]

we would only see these prices due to hyperinflation and people losing faith in their own currency (Federal Reserve Notes)

 

[JD-GA]

we would only see these prices due to hyperinflation and people losing faith in their own currency (Federal Reserve Notes)

And that is exactly what is happening. Gas last year $1.85 low. This year states are already seeing $4.50+. Some foods have seen an %18 percent increase in 1 year while income and jobs have remained for the most part stagnant. This is called hyperinflation if ever I have seen it. If the dollar dies you can not take your dollars to another country and buy food and shelter but you can go to any country and buy food and shelter with gold and silver. This is what is happening.

 

[Daedalus]

Gas also hit this level back in 2008 , I would not start counting on any amount just yet ! It's not good out in the working world that is for sure . But we are not as bad as some gold sellers would like us to believe, and run out and buy there gold .
If it got as bad as some are saying you would not be able to use your gold anyway . One would have to turn it in like what happened in the 30's .

 

[Jason in TN]

If gold gets to $5000 a once gas would be $15 A gallon or more and lunch at MCDonalds would be over $20 for a value meal. If things get that bad I would think your better investment would be food and ammo not gold.
Jason