GOLD PRICE PREDICTIONS & INFLATION - PIERRE LASSONDE'S SHOCKING OPINION
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GOLD PRICE PREDICTIONS & INFLATION - PIERRE LASSONDE'S SHOCKING OPINION
In a number of countries to discuss the law on internal circulation of gold as means of payment!
Days of the global financial system based on the hegemony of the dollar, are numbered. And one of the signs that the global financial system are growing strong voltage - the numerous events in the world of gold. It is possible that in the near future from the usual investment gold and commodity prices could again turn into a universal equivalent and a means of payment.
So in some countries very seriously worked out various options for its domestic monetary gold-based: in Sweden, Norway, South Africa, South Korea, Iran, Taiwan, Zimbabwe, and a number of Latin American countries. Already a practical plane pass projects to create: - The gold dinar (in some Islamic countries); - Golden yuan (China); - The gold franc (Switzerland).
By the way, Switzerland dangling bonds and gold as recently as 2000, when the country was abolished the gold content of the Swiss franc. Now we are discussing: - Introduction to the gold franc as a "parallel" currency along with the usual paper francs in Switzerland and Liechtenstein, who is with her in the monetary and customs union. - Issue of the gold franc would be delegated to private banks under the strict control of the state and the Central Bank. Licensed financial institutions will have the right to issue coins with its official logo on one side and with a recognizable logo gold Swiss franc on the other. - The gold franc should not be the object of investment (as it is now investment and commemorative coins), as a means of treatment. In this appeal of the gold franc will not be subject to VAT and other taxes.
Parliamentary initiative to introduce the gold franc belongs Shlyuyeru Ulrich, a member of the Swiss National Council (Lower House of Parliament) from the Swiss People's Party and is part of the campaign "Healthy currency". While preparing for the introduction of the gold franc, the Swiss People's Party in Parliament is seeking a ban on the export of gold, organizes the country's campaign under the slogan "Save our Swiss gold". The initiative aims to ban the sale of gold reserves abroad: policy require that the Swiss reserves remained in the country.
Very revealing calls to return to the gold standard in the US, at least at the level of individual states. These calls are based on the US Constitution, namely Article 1, Section 10, which allows the use of gold and silver coins as legal tender. In the press this movement is often called "the parade of sovereignties money", which is headed by Utah. In this state in 2011 was accepted and began to operate the law "On ensuring money." By law, the US Mint minted gold and silver bullion coins, the so-called "American Gold Eagle" (weighing from 0.1 to 1 ounce and the nominal value of 5 to $ 50.) And "American Silver Eagle" (weighing 1 ounce and par value of $ 1.) can now be made to pay for any goods and services at the fair value they contain precious metal. From now on these coins "recognized legal tender and can not be subject to tax some taxes applicable in the state." In particular, operations with coins collected will be exempt from state-level tax on capital gains (capital gains tax) and sales tax.
After the adoption of the law in Utah was created Gold and silver depository state, which is designed to free people from the direct use of coins. In these depositories citizens can keep their gold and silver coins, get a debit card, which they can use in the same way as in the case of ordinary placed on deposit money. The cost of gold and silver coins based on the price of metals in US dollars daily fixed in London.
Missouri and South Carolina in 2012, came closest to the adoption of the same laws and the creation of the depository of gold and silver coins. For example, in Missouri the proposed legislation called the "law of secured money Missouri from 2012". In other states, to consider adoption of a law declaring gold and silver coins legal tender, steel Montana, Colorado, Idaho, Indiana, New Hampshire, Georgia, Minnesota, Tennessee, and Virginia. And in most of these states are encouraged to use not only investment coins minted at the Mint of the United States, but also any foreign coins. And for ease of use - to create (as in Utah) depository in which to accurately assess the real content of precious metal coins and carried to the adjustment value of the metal in view of world market prices.
Recently, seven members of the Republican Party in Washington state also contributed to the local parliament a bill under the number HB 2197. The purpose of the bill: to allow the citizens of Washington to use gold and silver in the daily payments as an alternative to paper Federal Reserve Notes. If the bill passes and the status of gold as money will be officially confirmed, the residents of Washington will be able to make their savings in gold and silver, and even pay your taxes with precious metal instead of paper money. Americans know how to calculate your benefit, especially when approaching a global increase in the price of gold, which promises zolotovladeltsam and safety of their savings against inflation, and savings in the payment of their taxes.
As it is, unfortunately, in contrast with the current ratio to gold in the majority of Russians, who can not imagine how they will make gold payments "Victorious" or bullion to buy them a few loaves of bread, drugs or clothing. They really why it is difficult to put in mind that one gram of gold they can buy more food, clothing and other goods, even more recently than in the past. Domestic media about this too shall not apply, so the task of education of Russian gold falls entirely on our shoulders, shoulders consultants online store "SWISSGOLDEN". After all, we can only tell the Russians about such a unique product as gold "Combibar Gold Card" from the Swiss company "Valcambi" or the German "Degussa". This "gold card" (or "combi-bar") weighs 50 grams, is made of gold and 99.99 sample it easily breaks into segments weighing 1 g, which can be used for relatively small payments. Each gram costs about the same as now 2 ounces of silver, which is very convenient for "dragmetallovyh" calculations, even in small retail trade. This card is perfectly placed in a purse, accompanying the owner of "gold money" wherever he was. And this card is always available for 1896 euros (price for April 10, 2015) to all those who have registered our online store "SWISSGOLDEN". And the price of one segment of 1 gram would be for the owner of "combi-bar" only 38 euros (almost like when buying a 100-gram ingot), whereas a single gold bar of 1 gram costs 49 euros!
"SWISSGOLDEN": With us you ahead of time !!! - Be the best! - Vlad better! https://swissgolden.com/?id=914230423 - od Aleksandr Klopotov
Yes the Gold market will get really hot near the end of the year ! Because China is buying all the dips. I disagree with your opinion that Gold doesn't have a future HUGE leg up. The new balance of SDR"s will be the wild card and the reason why China is buying truck loads. I think you need to do more research. Here's some help. https://www.youtube.com/watch?v=qoDQ6xtoXsA http://www.reuters.com/article/2015/03/26/china-gold-idUSL3N0WS23H20150326 https://www.blanchardgold.com/investment-news/the-longview/china-needs-to-more-than-double-its-gold-holdings-industry-council-says/ - od trainwreck1993
I don't know anything about those fancy smancy metals thangs. I am into cattle now. Maybe get a few sheep too. Do you know the good thing about having cows in your pasture?.....they can't troll you and thumbs down your YT videos... - od DDuffeeInc
this is a very interesting topic. - od Tacos Mananeros Network
vive le québec libre - od Macaframa1
Gold and silver might be in for a long slog. 1980-1981 was the crescendo of like a once in a generation economic event. That's the magnitude of what it took for gold to make a new high. 2008, mortgage meltdown, TARP and QE. Another earth shattering, once in a generation event, and that's what it took for gold to make a new high after that. From 1981-2003, gold didn't do anything. That's over 20 years of nothing doing. Even Saddam took over Kuwait in the middle, and the oil issue, and the war....still gold didn't do anything. All what has changed fundamentally is Chinese buyers for gold that weren't there before. So yeah, truly there is greater real demand for gold than there was before. The world monetary system is relatively tenuous and uncertain. Maybe there will be another miscalculation by central banks and another big event will happen. But without something like that, what can the price of gold do? Entire decades can pass with nothing big enough happening to move gold. - od BostonNomads
Are you Smarter than Pierre Lassonde ?? - od Stokjockey
True I think gold will still fall , maybe 850 900 . Because were still are in deflation mode. Only when we have inflation advertised on the TV NETWORK then GOLD will shine. It'll bounce around in the cycles but we have to wait until inflation is more ln the news. - od Richard Bushy
Maybe you are correct when saying gold will go under $1,1000. Before it goes up...that's if everything stays the status quo...throw in another war or any major event and it's more likely to shoot to $1,3000. Or $1,4000 in a heartbeat. We will see. Keep up the thought provoking vids. :) - od PART TIME PREPPERS
Do you think the real reason the larger mines are still operating are due to the high cost of shutting down? If I understand correctly, it's better to risk a smaller loss leaving it open, then incur the cost of shutting down, then reopening it later. If that's correct, that would explain why the smaller mines aren't making it. By saying they're doing "ok" means to me that they have enough capitol to ride this out till the market turns in their favor. NOT that they're making a profit. - od Audrey M
if there was more demand for physical the price would go up compare to paper. Cannot cheat that. - od Pierre-Louis Parant
The paper market's shoving it down, obviously, those guys sitting behind desks deciding what price it'll be and laughing their butts off (I think I saw that on SGTReport, actually)! I don't think gold price will fall below $1100 ... it'll stay above that mark if not right around $1200 for awhile. My little opinion, FWIW. Then again, who am I to even attempt to predict the manipulators?! ;p - od Lara Green
Here's who you should be following ! The risk>reward is going to be Fantastic ! https://www.youtube.com/watch?v=Vunt3YfYfQE - od trainwreck1993
NEM, ABX and GG "can do well in this environment"
They can start to show it any time, lol.
Miners are the biggest piece of shit of a true investment that you can find in the markets. Just money losing P.O.S.
Again, if the really can survive and thrive, they are welcome to prove it any time now, lol.
Don't forget, miners are at 25 year lows........ they haven't done shit in any environment. I"d hate like hell to say a long-time CEO in a space doesn't know what the fuck he's talking about, BUT I will point you towards actual facts that leave that boy with some serious credibility problems... - od TheRonDoe
I think one reason our dollar is still doing well is because everyone's else's is doing so poorly with no hope of getting better. The Euro is dead and will never make it. They didn't consolidate the debt of the nations and we now see it smacking them in the face. So right now the dollar is still the safest currency in the world. China tried to sell their treasury bonds which didn't do as well as they thought so their currency doesn't seem to be attractive to investors. I personally think we will see fluctuation with gold and silver like we have been as well as the stock market. If it goes down great for the gold bugs and stackers. - od sprocket580
All the guys who are in the mining industry say miners can make money at these prices. Yet when you add up all the expenses, write offs, and profits, they all lose money. I don;t think any of them have made money on anything but secondary offerings in the last 10 years. All they want is to be able to keep taking on debt and issuing shares. Only people who have left the mining industry are honest about it. For pricing, gold has been on a weekly trend line extending since 2002, for the last few months. It has violated it a number of times and snapped back. Next stop would be around 900, I think. But, I think, as you mentioned, sometimes it is just time to trade. I think paper gold will see 1500 this year, probably 1750, on a "time to trade" reversal. This selling has just gone on too long. - od OakInch
- od FreedomForceUSA
MY VIDEO ABOUT PIERRE LASSOND'S GOLD PRICE PREDICTIONS - od FreedomForceUSA