Gold to shoot to $10,000 US an ounce!!….says Richard. …

By paulinoz, November 9, 2019

Oz is being saturated by Agora and Port Philip Publishing newsletter shills with $ 10,000 an ounce gold prices ..we presume in our lifetime..and Rickards et al will reveal the secret of how to cash in on this and naturally get rich.
Touting a “ Gold Mania Summit” event to be held down here soon.
Really? ..again?…
I’m wondering a few things here…and I’m hoping some of the fine people in Gumshoedom May help me out .
1. Is the same blitz occurring in US newsletter world?
2. 10,000 an ounce! Can anyone explain how that figure might be calculated? I am assuming there is probably a collection of half truths and personal biases involved in his reasoning , but I don’t know how he could convince ordinary reasonably intelligent investors.
3. And ..Who would buy gold at that price and why?? Yes I know “ look at tulip mania “ etc but I can’t help but think the world is slightly more sophisticated than it was a few hundred years ago.
Reinforced my opinion of Richard and why I advise people to at least ignore anything he says , if not actually do the opposite

I would be interested to hear any answers
Cheers
Paul

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

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paulinozpaulinozbunion132edmundjohnsonrleander Recent comment authors

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rleander
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👍6
rleander

In the past 200 years, the dow to gold ratio has formed a huge megaphone pattern and analysts predict the next drop to the bottom of the megaphone would send gold a lot higher and the Dow dropping by 80%. Central banks have been buying up gold like crazy so perhaps they anticipate such a drop? Only time will tell…

edmundjohnson
Irregular
👍5
edmundjohnson

“Who would buy gold at that price and why?”. Assuming the price gets there, people who want to get rich quick and perhaps have not been through a market cycle before. The kind of people who bought silver at $50/Oz or bitcoin at $20k. Though not those same people, because they know better now.

bunion132
Irregular
👍107

Re #1: This is a recurring ad with a deadline to join Rickard’s newsletter constantly being updated.
Re #2: What it would take for gold to reach $10K per ounce and the improbability of this happening is addressed (and only a portion of a much larger picture) in this recent coverage of Rickard’s teaser ad:

https://www.stockgumshoe.com/reviews/strategic-intelligence/trump-to-finish-what-reagan-started-as-early-as-october-30th-whats-being-teased-by-james-rickards-now/#comments

Re #3: There will be no need to ask this question anymore after you read the Travis’ entire treatise.

paulinoz
Guest
paulinoz

Thanks bunion

paulinoz
Guest
paulinoz

Thanks everyone for your responses…and Travis thanks for the substantial blatheration in your post recently which I had missed, it was a great read and explained much about Rickards sleazy MO I am reminded of a time in the 70s here in Oz ( I’ve been around a while) when I used to get actual newsletters, you know paper ones in your actual letterbox, by a guy whom I think was called Cowan? His pitch was…this was back when the US had seemingly first discovered the Fed printing press and was trying the “ print our way out of trouble… Read more »