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Fed’s ‘QE-Infinity’ Will Push Gold Up to $2,400

In one of the most bullish gold calls since the Federal Reserve announced a new round of easing last week, one strategist sees a 36 percent jump in the metal's price to $2,400 an ounce, by the end of 2014.

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;-)

Something to ponder?
Real story gramps was a Iowa farmer:
My Grandpa Saved his Coin during the depression. Till he had enuff to buy a $100.00 dollar bill. Today I look at that bill alot, yep still got it, in same old black wallet. The thing i think about is, How much work went into the bill and what it's worth today. As a FRN it's worth about $5.00 compared to when he bought it. IF Gramps would have bought GOLD with it, today that work would be worth , (Drum Roll Please) Around $6.800.00. Makes you think doesn't it?
Hell the silver Coin he bought it with, would be worth far more today than the note.. "GOT TO LOVE THE FED"

"QE-Infinity"

Sounds like a car BerSnakey would drive.

The price

of gold is likely already somewhere around there. GATA (the Gold Anti-trust Action Committee) has already found numerous instances of the suppression of the price of gold.

QE infinity will push all

QE infinity will push all commodities to infinity as our dollar becomes worth quite less.

END THE FED 22nd SEP

come on guys.. its coming up quick we need this on the front page.

Here is a link to my post, but if you don't like it make your own up or vote someone elses up.. I don't care simply get this on the front page.

http://www.dailypaul.com/255310/international-end-the-fed-da...

Debbie's picture

QE 4ever

QE 4ever

Debbie

Bernanke Light Year

"To infinity and beyond"

I need to photoshop a buzz light year theme for Bernanke. :)

Him dressed up in a little QE3 logo-ed out spacesuit. Shooting piles of money with his ray gun. lol

Patriot Cell #345,168
I don't respond to emails or pm's.
http://www.youtube.com/watch?NR=1&feature=endscreen&v=qo8CmO...
Those who make peaceful revolution impossible will make violent revolution, inevitable.

Question

If by chance the Government decided to back the dollar with Gold and Silver, what would that do to the price? My first though is the gold price would fall significantly, but I am really not sure. There has been a lot of chatter by various people about a gold standard so would be interesting to get an answer of one or more of you knowledgable people out there.

“The final forming of a person's character lies in their own hands.”

The Gold Standard Doesnt Divide by the Number of Ounces....

that the US hold........When we had the Gold standard the banks still created money via the ability to loan 10 times the amount of cash held in reserve, this was backed by the ability to turn in those dollars for gold if you wanted to. Most people wouldnt want to carry tons of coins all the time so the used paper notes back by gold instead, this came from the early gold assayers issuing coupons for gold that people ended up trading for other items.......Basically we wouldnt necessarily need to have Trillions in Gold on reserve to have a gold standard!

The obligations of our representatives in Washington are to protect our liberty, not coddle the world, precipitating no-win wars, while bringing bankruptcy and economic turmoil to our people.

I don't have the numbers but

I don't have the numbers but recently I read that if you simply divide the total amount of Federal Reserve Notes in the world by the amount of ounces of gold in the hands of the US government you would come up with a figure of something like $10,000 dollars per ounce. It might have been closer to $30,000 per ounce.

When some people in broadcasting say that there isn't enough gold to back the dollar they fail to grasp that all that is necessary is for the price of gold to be high enough to accommodate all the paper dollars to do it.

As more and more people realize that paper currency is losing its purchasing power with all the printing being done by Chairman Bernanke they will flee the dollar for either gold or silver. So silver will go along for the ride and being less expensive to begin with it will fulfill the demands of more people than gold.

The traditional ratio of silver to gold is based on the occurrence of those metals in the ground literally to be mined, which ratio is about 15 to 1. The current ratio has been higher between 40 and 60 or more to 1 because of efforts by the govt to manipulate the price, to hold it down by "naked" short selling.

The market will ultimately correct this manipulation as the pressure to buy gold and silver forces the shorts to cover by entering the market to buy.

Like it or not when you keep your assets in the bank in dollars you are betting on the success of a paper currency which is being debased by over printing by the Fed. It is doomed to lose purchasing power and this will be reflected in the price of gold and silver. Convert some of your holdings to silver or gold and watch it go up as the dollar goes down.

For fun read Article 1 Section 8, 9 and 10. See that the Framers meant for the Congress to have the power to COIN money, not to print it. and that States were to use gold or silver coin for tender to pay debts.

Then google "Coinage Act of 1792" and read that a mint was established and a certain amount of silver would define a dollar, 371 grains and 4 sixteenths of a grain of silver.

Notice in paragraph 19 that anyone who debased the dollar was guilty of a felony and punishable by death.. So ought be the fate of the Federal Reserve Chairman. When he prints 40 billion dollars of FRNs each month with no end he is clearly debasing the dollar.

That is almost one trillion dollars in two years!

Can you imagine the price we will pay for this? When interest rates go up virtually every tax dollar will have to go to service the national debt. Prices will rise drastically making food frightfully expensive.
I dare not speculate on the prospect of hungry people searching for food.

You may wish you bought some silver coins when the cost of silver is 34 dollars per ounce than when silver has worked its way up to over 50 to 100 dollars per oz.

No Man's need constitutes an obligation on the part of another man to fulfill that need.

Revalue

I agree with the price targets. If they back the dollar with gold, gold will be revalued to $10s of thousands.

I expect something less straightforward such as backing with a basket of currencies and commodities.

hmm

seems possible, but possibly raises prices higher than that. There will NOT be a QE4 or 5, QE3 is exactly that, infinite Elastic currency will be stretched all the way until it Rips apart! Abandon Ship or Abandon Hope!!!

His name is Edward Snowden

What is Capitalism?
http://youtu.be/yNF09pUPypw

$2400 is nothing compared to

$2400 is nothing compared to where it's going.

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

And hopefully silver goes for

And hopefully silver goes for a ride too...
I can't afford gold yet.

Southern Agrarian