Gold Selling for $10,000? Yes!

Buy Gold Save Gold! The $10 K Logic

This book examines 44 graphs and shows that national debt and most prices have increased exponentially in the past 50 – 100 years. It shows why gold prices will reach $10,000, probably in the next decade.

The book is available at gechristenson.com in paperback and Kindle on Amazon.

Excerpt from foreword by Bill Holter:

 

Buy Gold Save Gold! The $10 K Logicis an absolute must read for anyone who wants to save themselves financially. Whether you are a raw novice or long time gold bug, this read simply puts out the facts showing how our financial system is mathematically flawed. The beauty of Gary’s effort is that anyone who feels in their gut “something is wrong” can easily see exactly what it is – THE MONEY!  Conversely, those who already know the flaws of our nuts and bolts (mostly nuts) financial system should refer back to this “primer” as a reminder…

***

Chapter One

Gold Prices Past and Future

Gold will sell for $10,000 per ounce or more!

 

Why should you care?

  • If you own gold or plan to buy gold, this information affects you. Other ideal times to buy gold were after the 9-11 disaster, during the stock market crash in October and November 2008, the December 2015 multi-year low in gold prices, and early 2017.
  • If you own silver or plan to buy silver, you should know silver prices will rally higher and faster than gold prices, and crash harder. Regardless, the potential upside for silver is tremendous.
  • Gold prices will not move upward in isolation. The forces that will propel gold prices far higher will push prices for basic necessities upward. We need clothing, transportation, food and energy. Expect those prices to increase, but owning gold and silver will help preserve your purchasing power as central banks further devalue the dollar.
  • If you live on savings or a pension, the upcoming inflationary environment will reduce the purchasing power of your savings, pension and social security.
  • Save your gold, and buy more for protection from the inevitable devaluation of fiat currencies and their loss of purchasing power.

Why will gold prices increase?

 

I base my analysis on 100 years of dollar devaluations, excessive government spending, accelerating debt accumulation and the exponentially increasing quantity of currency in circulation.

We live in a time of increasing economic uncertainty. To counter that uncertainty and offer perspective, I prepared 44 graphs which support my conviction that gold prices will surge much higher. This study explains the logic for an eventual gold price of $10,000 through these easy-to-understand graphs, each of which illustrates a single idea. The graphs and accompanying analysis provide clarity about the consequences of exponentially growing debt and the resulting gold price increases.

Gold prices rose from $255 in 2001 to over $1,900 ten years later. The price of gold should rise to $10,000 during the next ten years, up from its January 2017 price of $1,200.

Examine the graphs and read my analysis for a detailed explanation of the logic behind a gold price rise to $10,000.

CONSIDERATIONS

 

  • The timing and path to $10,000 are important! When and how will gold prices rise to that level?
  • No one can guarantee gold will sell for $10,000, but that price is likely even without hyper-inflation. Regardless, do your own due diligence and make appropriate investment decisions.
  • Gold might sell for an astronomical number and $10,000 could become the price for a cup of coffee. Hyper-inflation of the U.S. dollar is possible but hopefully unlikely. Argentina has devalued their peso since 1945 by ten trillion to one against the U.S. dollar, and Venezuela is suffering from self-created hyper-inflation.
  • Other examples of hyper-inflation have occurred since the Weimar inflation of the early 1920s in post-war Germany. Reserve currency status of the dollar creates a tremendous economic advantage, but the United States government is deeply in debt and mathematically incapable of repaying that debt without massive devaluation of the dollar. The U.S. government and the Federal Reserve may reduce the impact of overwhelming debt in the United States by rapidly devaluing U.S. dollars. The result could be hyper-inflation.

1-Ch1-Gold 1913

***

Mr. Bernanke’s statement (11/21/2002) is worth repeating…

U.S. dollars have value only to the extent that they are strictly limited in supply.”

We know dollars have not been “strictly limited in supply” for over 100 years. Hence dollars have declined in value during the past century. More devaluation is coming.

***

Gary E. Christenson

The Deviant Investor

The book is available at gechristenson.com in paperback and Kindle on Amazon.

 

18 thoughts on “Gold Selling for $10,000? Yes!

  1. When gold sells @ $10K, grocery shelves will have been empty for weeks,
    we’ll be reeling from a series of false flag attacks, the imposter Trump will
    have declared martial law, and consumables will rise in lock step with the
    price of gold…
    be careful what you wish for….


    • But none of those horrible conditions will come as a consequence of $10,000 gold. They happen as a consequence of government, ever-increasing debt, central banking, politics etc. Gold at $10,000 is a consequence, not a cause.
      The Deviant Investor


      • I realize $10K gold will not be the cause… I’m just telling what will accompany it…
        further more, if AU & AG do become cash cows, the GUB will act swiftly to
        regulate and tax… Trump promissed exactly the opposite…which is what worries me.
        A slow gradual appreciation is the only thing we should hope for… we saw that
        from 2003 to 2007…. slow appreciation allows no opportunity for a pump and dump.
        The 2012 JP Morgan 25 billion short on gold has kept AU on it’s back,
        as have smaller AG shorts. People need to know this will not be a straight line up !
        the Kahzars still can paper short the market and screw this up… destroying cash will trap
        holders in a taxable paper trail if we go 100% digital.


  2. There is one huge elephant in the room that your missing. The question is is there still all of the gold that is supposed to be in Fort Knox still there and does the U.S. government still own it? If it is then I believe that $10,000 is a very realistic number but if it isn’t then $40,000 is well within the realm of possibility. I do believe that in at least a ten year time frame before it hits that number though.



  3. I’ll add another two cents, VIEWED IN ISOLATION ( which is almost never the correct way to see things ) GOLD AT $10,000 is WONDERFUL, even if all other prices rise, both proportionately and simultaneously.

    My mortgage debt, at $250K exactly, is now just about 200 gold pieces, easy math. ( With gold at $1250, today )

    At $10,000 gold, my mortgage is retired, COMPLETELY, with 25 gold pieces. Now that is an excellent result ! !

    Some similar exercises with Silver Prices yield similar results, using silver at perhaps $100 or even $500 . . . .

    SnowieGeorgie


    • It won.t be that easy……banks holding your mortgage deed of trust will raise your loan balance percentage wise with the depreciation of the US dollar. The only way you can win with a gold paydown on your mortgage is time the paydown just prior to the dollar depreciation


  4. Hey Gary, my eBook (100 pages) is free and available from iTunes and Google Play….

    It is not nearly as super-duper awesome as your books, but if you have trouble getting asleep, just fire up the dusty tablet, and start reading my book…You will be asleep in minutes.

    “Gold & Silver 2.0: Tales from the Crypto” by Paul Eberhart


  5. James Rickards wrote a book last year “the new case for gold” where he also predicts a gold price of $10,000.


  6. A gold price of $10,000 per ounce sounds good on paper, however, the question is what purchasing power will these $10,000 represent ? Today, a loaf of bread costs $3,00 (roughly) which translates into 420 loafs of bread per ounce of gold at present gold prices.

    How many loafs of bread will one ounce of gold buy when the price of gold in Dollars is $10,000 ?

    Before buying gold, people will first need to buy food and if food is very scarce the bread/gold ratio may explode.


    • As I said, gold will not rise in isolation. Most prices will rise, perhaps not as much as gold or silver, but expect higher prices for food, energy and transportation also. I’m in favor of honest money and honest banking, but we must work with the world as it is – dishonest money and corrupt banking. Gold prices will go much higher.
      The Deviant Investor




    • Hyperinflation is not likely. The FRN / US Bond dynamic (Notes backed by bonds and bonds paid-out in notes) guarantees a falling interest rate structure (Bond speculation is all but risk-free) which is highly deflationary. If anything will hyperinflate it will be electronic dollar credits … not physical paper bills which have been hoarded for decades and will continue to be.


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