Wednesday, March 2, 2011

Gold breaks $1440

If you know me, you know this is the limit that I have said the fiat ponzi can take before collapsing.  People can no longer afford oil prices, let alone eat.  How will they buy gold?  Well, once the price surges past $1440 and on up to the tens of thousands, they won't.

Historically the ratio of a suit is 1:1 with an ounce of gold.  If gold is undervalued right now, what does this mean for the price of a suit?  Lobour may not be worth what it is thought to be right now, because how many people out there could make a suit?

No comments:

Post a Comment