GoldSwitzerland Gold Prediction
From a very reputable gold analyst such an eronious prediction Gold at 32000/oz and silver at $500/oz, Plus DOW to Gold ratio 1:1.
Well I did not expect these projections from such a person.
He writes DOW will lose 94% and gold will trade at 1:1 ratio.
How can it be: DOW at 1560 and gold at 32000 is not 1:1 ratio????
Plus silver to gold ratio will remains same at 0.015 32000/500. Historically in a real gold bull market SGR tend to go higher towards 15 like in 1980.
Sad ??????
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TRADE WARS, PETROYUAN, DEBTS – $32,000 GOLD & $500 SILVER
March 29, 2018
by Egon von Greyerz
This guy is not reliable. He has been around for at least 10-15 yrs. writing the same “an imminent explosion in gold” articles…he is mildly amusing and quaint…and may safely be disregarded.
Agree . Permabull
The chart says DOW will lose 94% vs gold, and a 1:1 ratio would be just that. In regards to Greyerz, while i agree his projections are extreme, and while he is featured in KWN regularly and his timing is not tradable, his macro economic analysis is certainly more credible and thourough than any posters on this site.
Like a Peter schiff, totally useless from a trading perspective but perhaps useful from a long term fundamental perspective.