Wednesday, June 8, 2011

best guess after gold/silver study 11-2010 to 6-2011

best guess after gold/silver study 11-2010 to 6-2011

* US will default on its debt.

* China's renminbi will become the next world reserve currency.

* China will tell the US to peg its yearly deficits to new job creation in order to get credit.

* US people will stop sleepwalking, hire class-action lawyers to gut those corporations responsible for the mess, allowing social programs to be reduced w/o opposition.

* The US will also gut its non-nuclear arsenal to balance the budget.

* The US will become one among many nations throughout history whose "reach exceeded its grasp."

* China will become the new superpower and then we'll find out what its leaders are all about.

* No one can predict how China will perform its new role until it's clear that its leaders are or are not like the previous US public and private leaders.

* As far as the value of gold and silver:

1. The US default will reduce the dollar supply which alone would reduce gold and silver prices.

2. However, China appears committed to backing the new world reserve currency with gold, and knows that both gold and silver have been considered money and inflation barometers for over 5,000 years.

3. China will buy, and hold and/or consume enough gold and silver to assure some of the future price predictions for gold and silver priced in US dollars.


http://buygoldansilverlong.blogspot.com/2011/06/after-studying-goldsilver-24-7-since-11.html

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