{"id":945,"date":"2011-06-13T18:34:16","date_gmt":"2011-06-13T18:34:16","guid":{"rendered":"http:\/\/www.itmtrading.com\/blog\/?p=945"},"modified":"2012-03-27T00:03:28","modified_gmt":"2012-03-27T00:03:28","slug":"hyperinflation-and-1-trillion-gold","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/hyperinflation-and-1-trillion-gold\/","title":{"rendered":"Hyperinflation and $1 Trillion Gold"},"content":{"rendered":"

\"\"<\/a>There are all sorts of predictions out there today about gold and where it is headed.\u00c2\u00a0 I have heard $2,300, $5,000 and even $11,000 per ounce.\u00c2\u00a0 Many are educated guesses using previous highs adjusted for inflation<\/a>, others use technical analysis and some are just down right made up out of thin air, just like the US Dollar is today.\u00c2\u00a0 It is more about what is happening that would create $2,300 per ounce gold or higher.<\/p>\n

The way I see it is this, the gold bull market could peak through investment demand just like any other bull market top, or we could see gold\u00e2\u20ac\u2122s value rise due to the devaluation of the dollar through money printing in which case there is no telling how high gold could go.\u00c2\u00a0 For our sake I hope it is the former because the latter would be devastating to our nation and the world.<\/p>\n

At the height of hyperinflation in Zimbabwe bread was costing people in the trillions of Zimbabwean currency.\u00c2\u00a0 What do you think and ounce of gold was worth?\u00c2\u00a0 Much more than 1,000 trillion!\u00c2\u00a0 If the people of Zimbabwe had owned physical gold and silver at any price prior to the onset of hyperinflation, their purchasing power would have been maintained throughout that economic crisis.<\/p>\n

The United States is on a much bigger scale than Zimbabwe.\u00c2\u00a0 The US Dollar is the world\u00e2\u20ac\u2122s reserve currency<\/a> and is tied into every country in the world.\u00c2\u00a0 If the dollar was to hyper inflate people would be moving into real money, gold and silver, very fast.\u00c2\u00a0 Unfortunately there is not enough supply of physical gold and silver to satiate that level of demand.<\/p>\n

Recently on Kitco, Paul Nathan had this to say, \u00e2\u20ac\u0153People say \u00e2\u20ac\u0153I would never buy silver or gold at these prices.\u00e2\u20ac\u009d But it’s not a matter of price.\u00c2\u00a0 It’s a matter of possession. At the end of a monetary collapse what matters is what you actually posses, not what you have claims to. Claims quickly become worthless.\u00c2\u00a0 The worse case scenario, the one that keeps me up at night, is that suddenly paper money will be shunned by the market and silver and gold will become demanded as payment for goods and services. If this should happen, we as individuals will go to trade paper for specie (physical currency), and there will be none. This means that all the wealth we thought we had, in bonds and savings accounts, money market funds and CD’s will be worthless.\u00e2\u20ac\u009d<\/p>\n

This is why acquiring physical gold and silver is so much more important than paper metal in ETF\u00e2\u20ac\u2122s.\u00c2\u00a0 Physical gold is an insurance policy against a fiat currency being printed into oblivion.\u00c2\u00a0 Everyone needs some physical gold<\/a> in their portfolio and I would rather be two weeks too early than a minute too late.\u00c2\u00a0 Start acquiring now to preserve your purchasing power.\u00c2\u00a0 Then you can live knowing you are protected and hope for the best.<\/p>\n","protected":false},"excerpt":{"rendered":"

There are all sorts of predictions out there today about gold and where it is headed.\u00c2\u00a0 I have heard $2,300, $5,000 […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1207],"tags":[33,58,1421,73,81],"class_list":["post-945","post","type-post","status-publish","format-standard","hentry","category-blog","tag-bull-market","tag-global-economic-crisis","tag-gold-prices","tag-gold-values","tag-hyperinflation"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/comments?post=945"}],"version-history":[{"count":1,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/945\/revisions"}],"predecessor-version":[{"id":11086,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/945\/revisions\/11086"}],"wp:attachment":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media?parent=945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}