Below is a comment from youtube video on Mike Maloney’s latest video The World’s Biggest Gold Investors are on a Buying Spree
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Gold is $76 AUD a gram here in Australia. Its worth panning a gram or two of gold dust now for a living. Silver is $950 a kilo! [end of comment]
If we convert the numbers to conventional standard weights / measures and convert to Federal Reserve Notes we come up with the following
kilo = 35.27396 (rounded 35.27) ounces with silver selling for $950 / KILO. Australian fiat currency dollars equals $0.6789 – according to FinViz.com/futures. Silver kilo converted to Federal Reserve Notes / US dollar fiat currency would be $1,399.3224. Convert the Australian silver kilo to US silver ounces and we have – $39.674 / ounce silver in Federal Reserve Notes / US dollars fiat currency.
If we look at gold in Australian fiat currency dollars – $2,367.40 / ounce gold – converted to Federal Reserve Notes / US dollars fiat currency we find – according to the comment from youtube – $3,487.111 / ounce gold.
So, is $3,500 Federal Reserve Note / US dollar fiat currency gold out of the question? I don’t think so. What about $40 Federal Reserve Note / US dollar fiat currency silver? Nope. Both of these are within the realm of reality.
As we explained to Kenneth Ameduri in a recent interview, according to the Federal Reserve owns manipulated inflation numbers, using the 1980 highs for silver, $49 / ounce and $800 / ounce – silver should be $149 / ounce and gold should be $2,432.63 / ounce in 2018. 2018 is the latest year the Federal Reserve will provide information because it is the last full year of inflation that can be calculated. According to the number one, so-called “authoritative source”, the Federal Reserve, both gold and silver should be far higher than what we see today. Name one item – any item, ANY ITEM – that has not kept up with or surpassed, the stated rate of inflation since 1980? Name me one item other than gold and silver. You can’t do it, because it doesn’t exist.
If you have ever wondered why I have been saying, for almost two years, that silver and gold will be reaching for the stars beginning right now, wonder no more. If you combine the above stated facts with the collapse in gold and silver mining, along with exploding demand at the highest level – the central bank level – you see a recipe for gold and silver being on the cusp of racing to much higher ground. It doesn’t take a genius or even someone that smart to see what is right in front us. You just have to be willing to look at it and see it. The only thing is, the bullion banking cabal is still in charge, still criminal / rotten to the core and no one – I mean no one – has gone to prison.
I can paint whatever picture of truth I would like and cross every “T” and dot every “i” and it will not matter as long as these criminal mafia organizations are in charge of the markets. The numbers from the Federal Reserve prove beyond question the bullion banks are in complete control of the gold and silver markets. It always makes me laugh whenever I see the headlines screaming the banks / Federal Reserve or whoever, has “lost control” or “panicking” or something to that effect. If they are panicking explain to me why gold is not $2,480+ / ounce right now? If it were, then maybe, just maybe, there would be reason for panic. Until then, keep stacking because neither gold nor silver is any where close to the inflation rate of growth. If silver gets up to $150 / ounce before years end I would stop acquiring. Since that’s not going to happen I’m going to keep stacking!!
