Gold Price: The case for gold at $10 000 per fine ounce

Gold Investment - 26 September 2011

Economic disorder by way of debt and money printing (a.k.a. Quantitative Easing) is causing shifts in the market, and it could soon be the case that gold is priced five times more than its current price. This could see gold reach highs of $10 000 per fine ounce, despite gold market manipulation via the selling of paper gold. It is after all no secret that the link between paper gold and the gold price will be severed at some stage or another.

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Invest in precious metals today! Contact us for details.

An increasing number of investors are moving away from paper-based assets and are realizing that precious metals, especially gold bullion (physical gold) and silver bullion (physical silver), offer them with the most cost-effective means to protect their monetary wealth. As central banks around the world print more and more non-redeemable paper notes (fiat money), the purchasing value of fiat money drops closer and closer to its intrinsic value, which is zero. Drops in the purchasing value of fiat money necessitate business owners and other entities to increase prices for goods and services in order to stay afloat (or to maintain previous levels of wealth). This helps to accelerate the pace of inflation and by the time the public at large realizes what’s going on, it is normally way too late to get out of fiat money (non-redeemable paper notes, electronic money) into real money such as physical gold and physical silver. By the time the majority of people realize what is going on hyperinflation will already be at the order of the day, rapidly destroying any purchasing value fiat money has left. This will bankrupt millions of people overnight, turning them into full-blown slaves almost instantly. They will be totally dependent on overlords and other unwanted power sources for food, shelter and other necessities of life. They will have to start over, not as free men and women, but as full-blown slaves like mentioned above.

Invest in precious metals today! Contact us for details.

Invest in precious metals today! Contact us for details.

Yes, physical gold and physical silver cannot be eaten or seen as replacements for food or other vital necessities (water, medicine, shelter, etc.), but over 6000 years of recorded history has proven that when it comes to money, gold and silver certainly retain purchasing value like no other form of money, especially when compared to fiat money (non-redeemable paper notes, electronic money). Needless to say, it is important to compare apples with apples and not to come with silly arguments in order to totally shun gold and silver ownership. If you are like that, you will only have yourself to blame once fiat currencies such as the U.S. Dollar completely collapse and you become fully dependent on a third party for survival.

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