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Old 06-05-2014, 04:32 PM   #1 (permalink)
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Default Whoaaa! China and Russia renounce the Dollar!!!

Any resident experts care to chime in and explain their thoughts on whats going to happen to the silver and gold prices? My thought is that silver and gold will go up since the dollar is going to be further weaken and people will get scared and drive the silver and gold prices up now.
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Old 06-05-2014, 05:16 PM   #2 (permalink)
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What should happen and what will happen is two different things. The ultra rich will decide. Sucks for us.
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Old 06-05-2014, 05:31 PM   #3 (permalink)
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Depends if the Euro-zone follows suit. While it would suck short-term, long-term it would be good because it would mean we'd be forced to live within our means.

I think silver is a decent bet for $40 by the end of the year regardless, but I'm more interested in 25 years from now.
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Old 06-05-2014, 05:45 PM   #4 (permalink)
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Quote:
Originally Posted by frozenntimesports View Post
I think silver is a decent bet for $40 by the end of the year regardless...
I'd take the other side of that bet in a heartbeat.
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Old 06-05-2014, 07:06 PM   #5 (permalink)
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My 24 month forecast conducted in December 2012 valued silver at $14. I still stand on that valuation.
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Old 06-06-2014, 12:35 AM   #6 (permalink)
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Link? I bet this is for bilateral transactions between the two countries and has little to no effect on the U.S. dollar. Also I googled this and everything that came up were articles from 2010.
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Old 06-06-2014, 08:10 AM   #7 (permalink)
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Link? I bet this is for bilateral transactions between the two countries and has little to no effect on the U.S. dollar. Also I googled this and everything that came up were articles from 2010.
You are right I was sent an article but failed to look at date. I will talk to friend who sent to let him know. Thanks for the catch and sorry for the bad information posted.

Mod please delete this thread!
Thanks
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Old 06-06-2014, 12:37 PM   #8 (permalink)
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Quote:
Originally Posted by frozenntimesports View Post
Depends if the Euro-zone follows suit. While it would suck short-term, long-term it would be good because it would mean we'd be forced to live within our means.

I think silver is a decent bet for $40 by the end of the year regardless, but I'm more interested in 25 years from now.
I very highly doubt silver will double in price in less than 6 months. The WORLD market would have to crash for that to happen!
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Old 06-06-2014, 01:46 PM   #9 (permalink)
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have your ever wondered how much gold is actually available? not talking about what the "government" wants your to believe(160,000+ tons) , but real numbers.

ALOT more is what i think. Market control.
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