Greyerz – Gold Will Trade Above $2,000 By The End Of March

[Asheron]

In the last eighteen months world money supply has gone up by $10 trillion. There is massive money printing taking place worldwide. So, central banks are doing this, but it is the wrong remedy because we are not going to solve anything by printing.

The forest fire actually needs to burn the whole forest down. This what needs to happen to the whole world economy. We need to reset the world economy and start again. Iceland is the best example of that and this is what needs to happen to the whole world…. “This means the banking system will fail because nothing will be repaid, but that is the only way to get the world back on its feet. This will not happen right now because they will continue to print, just like the $10 trillion in the last eighteen months. This has been without the Fed printing very much money. So we will see continued money printing and massive growth in the money supply to cover all of these debts. Gold should already be $8,900

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/2/24_Greyerz_-_Gold_Will_Trade_Above_$2,000_by_the_End_of_March.html

[Old Nis]

How very, very interesting that you mention March as a date.

In the first week of March, I think we all need to form an orderly queue outside petrol stations and supermarkets to avoid the (hopefully temporary) panic-buying of the sheeple when the inevitable fall-out comes....

http://hat4uk.wordpress.com/2012/02/16/greek-default-exclusive-senior-us-bankers-given-explicit-timetable-for-athens-default/

http://hat4uk.wordpress.com/2012/02/19/greek-d-day-slog-us-source-confirms-wall-st-plans-as-secret-berlin-timetable-emerges/

Greek Default on March 23rd?

Edited February 25, 2012 by Old Nis

[Errol]

Would agree. Something's up - and rising gold is the red flashing warning light.

[Ruffneck]

Is there still a Greek default on the cards for 20th March or did they fix it up last week?

2000 sounds a little excessive i think it will just keep rising slowly , maybe 1880 by end of march is my guess.

[jonesinamillion]

Still don't get why everyone on here places such a significant onus on PM prices in USD, surely pounds and pence is our yard stick?

[Asheron]

Still don't get why everyone on here places such a significant onus on PM prices in USD, surely pounds and pence is our yard stick?

Because the $ is the world reserve currency.

[R K]

It didn't.

[Renewed Investor]

LOL!

[Executive Sadman]

It will go up, but only once the yank 'recovereh' has been shown for the house of cards it is. 1 to 2 years and GOLD WILL BE GOING TO THE MOON!

Surprised with the euro situation and russian chinese arab and even our own central bank buying it isnt higher though

Although that last point would be sods law. Brown sells at the bottom, Osbourne buys at the top Such bad timing it could almost be perfect fate.

In 2011, European central banks became net buyers of gold for the first time in 20 years whilst central banks worldwide, along with official institutions, increased their gold purchases by 571%.

http://therealasset.co.uk/browns-bottom-gold/

Whose selling?

And if no ones selling, where is the supply coming from?

Edited May 8, 2012 by Executive Sadman