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Michael Lynch on Gold & Silver's avatar

Error ... I mislabeled the y axis. That is net debt to GDP (as it is stated in the title).

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Arkangel's avatar

Sorry, one more thing. It is known, factually, that each major nation has been balancing its gold reserves to equal 4% of gdp. I think Poland is the last to equalise. Anyway, this would lead one to surmise that the gold revaluation will be a x25 move. Thereby allowing all gold / gdp balanced countries with a sub 1.0x debt to gdp ratio to clear their deficits. Everywhere (except Canada and the U.K. who have almost nothing thanks to incompetent leadership). 3k x 25 = $75,000. You say $79k through another lens. Add in the trump go big factor and the 1.20 debt to gbp in the USA and it doesn’t take much to get to $100,000 an Oz of gold. Oh what a surprise Bitcoin is there too. Oh why don’t we just link them up. July. Basel 3. Less than 4.5 months away. Silver, even at 50:1 (which won’t work for long with a massive shortage and ground reserves at 9:1 gold) but even just at 50:1 that’s $2,000 silver. That’s a x60 move. Interested in your opinion 🙏🏻

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