GOLD to 15 THOUSAND!!! Message me for more info..
Gold has to rise fundamentally to around the 15000 level, and no this number is not picked out of thin air but is a product of months and months of research!
The US are in trillions of debt and desperately need inflation because with inflation money is worth less therefore technically the money they owe (debt) will also be worth less meaning they will have less to pay back! economics 101.
Now in order to cause this inflation which will make the USD weaker they will massively need to push the price of gold up as printing money DOES NOT cause inflation as many people believe. Velocity causes inflation, say i go out for a meal and tip the waiter £1, that waiter then they waiter gets a taxi home and tips the taxi driver £1, this taxi driver then takes that £1 and puts it in his car as fuel! This means the £1 i spent had a velocity of 3 so it was used 3 times for goods and services. Now if I'm sitting at home because we are all in lockdown which means i am not out and about spending then my money has a velocity of 0!
In other words at the moment everyone is saving and not spending because of so much uncertainty, if people are not spending then the economy is not growing! Which in turn will see a lot of people putting money in safe assets such as GOLD and SILVER.
This explanation is just the tip of the iceberg, if you are interested in learning more or interested in receiving trade ideas then send me a message or comment on this post..
The US are in trillions of debt and desperately need inflation because with inflation money is worth less therefore technically the money they owe (debt) will also be worth less meaning they will have less to pay back! economics 101.
Now in order to cause this inflation which will make the USD weaker they will massively need to push the price of gold up as printing money DOES NOT cause inflation as many people believe. Velocity causes inflation, say i go out for a meal and tip the waiter £1, that waiter then they waiter gets a taxi home and tips the taxi driver £1, this taxi driver then takes that £1 and puts it in his car as fuel! This means the £1 i spent had a velocity of 3 so it was used 3 times for goods and services. Now if I'm sitting at home because we are all in lockdown which means i am not out and about spending then my money has a velocity of 0!
In other words at the moment everyone is saving and not spending because of so much uncertainty, if people are not spending then the economy is not growing! Which in turn will see a lot of people putting money in safe assets such as GOLD and SILVER.
This explanation is just the tip of the iceberg, if you are interested in learning more or interested in receiving trade ideas then send me a message or comment on this post..
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