The Revaluation of Gold

FM258

FM258

Jedi
I don't know if this was a dream or a vision.

Its fading fast, so I want to get this down and worry about if it ok to post in this forum later...

Trumps' Golden Age
Gold will be revalued to $100,000 or $150,000 an ounce. Im already not sure which it was for sure.
The Fed Reserve notes we have, can be redeemed for new gold backed dollars at 100:1
I had pictures of this and they are now gone, but I got the main part of it. A million dollar house is now $10,000 in new money.

Has anyone else had similar experience?
 
While this is an interesting "dream", it is an unlikely scenario. Gold is both a store of value and an industrial commodity. It is used in almost all consumer electronics products for connectors. At $100,000 per oz. it would cause a collapse of the consumer product industry. (Of course if your scenario comes to pass, this would probably be the least of our worries.)
 
I think the idea is that any major country (US, China, maybe Russia) going to a gold standard would mean that a reevaluation of gold is necessary, since at the current prices there is not enough gold to fully back any major currency.

Though how realistic the return to the gold standard is, I don't know. Some argue that a gold reevaluation is likely because most of the gold is held by central banks and rich individuals. It would make them even richer.

For industrial applications there seem to be more and more substitutes for gold too, so that very expensive gold may not be that catastrophic.

Another possibility (instead of a gold standard) is the backing of a currency by other commodities, such as oil or industrial metals, etc. I think this has been discussed for the proposed BRICS currency.

And in fact, the petrodollar system has been sort of a backing of the US dollar by oil.

In the currency realm, there is currently a major push towards CBDCs and/or stablecoins - programmable money for total control (if cash is heavily restricted at the same time).
 
Gwenllian said:
Actually, Joe posted two videos in the Experience with buying gold? thread where it was mentioned in one of the videos that gold could be revalued to $ 100,000 an ounce:

So, who knows? Let's wait and see...
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Thanks for posting that Gwen....sorry Joe, I didnt see you post this.

I would prefer a gold backed dollar vs bitcoin....if bitcoin can hit 100k, then a real oz of gold certainly can.
 
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Session 26 April 2014
Gold was priced at 1304.13 on April 26, 2014.
Q: (Odyssey) On the money issue, would it be a good idea to invest in silver or gold?

A: Partly, but what about "needful things"?

Q: (KJN) So we should spend it on things we need now, versus spending it on gold or putting in a bank or that kind of thing?

A: Mostly. Money will soon be worthless, ownership will survive awhile longer.
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Opinion
 
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Another reason for an astronomical gold price could be a war with Iran that might cause the entire region to blow up. Oil prices would spin out of control, and the economy will crash. Will the US economy be able to tolerate $ 300 - 500 oil?

A gold price of $ 10,000 might be realistic, and it wouldn't even factor in a possible hyper-inflation.
 
I don’t think a currency will ever be backed FULLY by gold anymore. There will always be some who advocate for that, there are going to be some partial gold backed currencies, for some time, but the temptations for politicians to create debt is going to be irresistible, so much so that this is never going to be a long-term proposition.

The BRICS trade currencies are already partially backed by gold - inasmuch as trade is done in local currencies (eg Ruble vs yuan) and the trade surplus is then rebalanced by gold. Gold doesn’t even have to leave the warehouses, it just gets reasigned. So in a way we already have some (partially) gold backed currency.

While a gold price of $10’000 sounds great to those who own gold, be careful what you are wishing for. Because it is not gold that moves UP, it’s the currency going DOWN. And if gold was $10K an ounce that would mean fiat in the doldrums, a catastrophe for anyone without any gold (aka 99.5% of all investors - not even people!). And then - ultimately - also a catastrophe for those with the gold, as the economy would simply collapse.

And that would basically mean our whole economy AND society going kaflooey!
 
Its inevitable. I think it will be staged progressively to be easier for economies to readjust. So my guess is 3k to start or maybe a little more. As things shake out, then it jumps up to 10k and higher....people will be redeeming a lot of their gold to the govt from the jump, but would be wise to wait for higher return. I think a new gold back currency will be needed to make a full crossover and begin the Golden Age touted.
 
I actually had dreams nearly back to back a bit ago - maybe 3 weeks or a month ago.

In both dreams, I was in a dark space where someone was presenting slideshows. They were about future and present events, but in the context of a history lesson.

The first was about transhumanism, and the only slide I remember was a photo of Elon with some sort of stylish implant running along his jawline. The gist of the lecture was “this is how we got here,” and I woke up with the idea and deep feeling of inevitability - playing with the idea that Elon is already running AI through neurolink.

The second was about the economy, and the only slide I remember was about gold. Woke up with the same sense of inevitability, no excitement. The history lessons were neither inspiring nor fear-mongering, but what follows is a challenge.
 
whitecoast said:
I don’t see this as likely. It is going to draw so much American dollars away from Eurasia and onto American shores. That will cause a collapse in the value of the US dollar, which Trump doesn’t want.
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If we are talking about the US dollar being backed by gold, that would make the dollar much stronger actually - which would make imports more expensive, but help exports a lot. So in addition to tariffs, Trump may be interested in a stronger dollar to bring back more production to the US.

The gold standard is one of the ways to make the dollar stronger, but the problem with that is that the US probably has much less gold than it claims - while China and Russia probably have more than they claim. So a much higher gold price would benefit China, which is the opposite of what Trump wants.

It also depends on whether Trump is aware of how much gold the US actually has or if they want to keep the decades old charade of "imaginary Fort Knox gold" going for much longer. Musk wanting to audit Fort Knox seems to imply the opposite, if they actually do an audit at some point.
 
This is about the revaluation of silver and according to this, if correct since he's said this over the years without results, it's about to jump in price and continue on. JP Morgan Chase is on the line with their silver holdings and when the price reaches $35 oz they're in trouble.

I've been expecting and watching for this for awhile and I have a feeling its here. I can't explain the details of how these markets work so you'll need to listen. He explains how the US mint stopped producing Silver Eagles which was supposed to be an affordable way for Americans to buy silver at an affordable price but the Biden Administration stopped that which was illegal.

We are nearing the end of affordable silver so get it now if you can. That's my feeling anyway and whats said here. He's expecting things to take a leap around March 31 and beginning of April. $33.83 as of today, 3/26.

 
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Luke Gromen in this Tucker Carlson interview thinks that Trumps tariffs will increase the price of gold, but in order to fully return to a gold backed currency, they would need to have enough gold reserves to cover the national debt as creditors would be able to elect to take gold as payment of the debt. So I guess that reducing the national debt while building gold reserves would be part of the plan if returning to gold backed currency is on the cards.
 
For the past three days I’ve been planning on selling 20 of my buffalo rounds (1oz pure silver) to help me make April rent. I bought them about 9 years ago for $16 apiece. As of this moment they’re $34. Personally I’d rather hold on to them, but I need the cash now. Besides, who am I to complain when I’ve more than doubled my investment!😁
 
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