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  • wes_w_weber wes_w_weber Feb 1, 2013 3:18 PM Flag

    Anyone think the DOW 18,000 call was stupid anymore.

    When I made the DOW 18,000 call some years ago I found out that all the Gold ever mined in the World filled up two olympic size swimming pools. The tonnage is online. I also found out the total outstanding bets made through derivatives and the likes around the World. It was around 700 Trillion at the time.

    When I divided both out it suggested that Gold would have to be worth $24,000 and ounce in order for the Global system to be solvent if trust were broken and hard assets were required to value paper money.

    So in lock step I believe Countries have to coordinatingly devlaue their currencies in lock step measured moves so as to not disrupt trade until such time that Gold is closer to that $24,000 an ounce and leverage comes out of the system.

    It means all markets must rise, all currencies must head lower and Gold must head higher.

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