Revaluation of Gold Coming – Gold Price To $22,000 Per Ounce?

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Published : January 26th, 2016
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Category : Market Analysis

Hugo Salinas Price,  Mexican business magnate, investor, and philanthropist and the president of the Mexican Civic Association for Silver, writes today that gold will soon return to its traditional role in the international monetary system.

The current melt-down of the world’s debt bubble is likely to continue in the course of the next months and Salinas believes that the salvaging all debt and derivatives might require a gold price as high as between $22,000 and $50,000 per ounce.

24hGold - Revaluation of Gold ...

He believes that gold will soon help balance international trade, discipline government budgets, and reliquefy debt that is becoming unpayable.

The secular trend to expansion of credit has morphed into contraction and liquidation. It is my opinion that the new trend is now established and no action by any of the Central Banks (CB) that issue reserve currencies will do anything at all to reverse that trend.

Salinas Price’s commentary is headlined “The Coming Revaluation of Gold” and it’s posted at the civic association’s website, Plata.com.mx, here:


LBMA Gold Prices

26 Jan: USD 1,114.70, EUR 1,028.42 and GBP 785.80 per ounce
25 Jan: USD 1,103.70, EUR 1,020.29 and GBP 773.96 per ounce
22 Jan: USD 1,097.65, EUR 1,012.55 and GBP 769.63 per ounce
21 Jan: USD 1,096.80, EUR 1,006.98 and GBP 774.99 per ounce
20 Jan: USD 1,093.20, EUR 999.73 and GBP 771.08 per ounce

News

Gold’s “higher close” last week “was positive” said GoldCore – Mineweb

Thai Bargain Hunters Join Asian Gold-Buying Spree as Prices Drop – Bloomberg

Gold Advances as Equity-Market Turmoil, Fed Outlook Lift Appeal – Bloomberg

Chinese Stock Market Plunges over 6% – Bloomberg

Gold reclaims $1,100 level as U.S. stocks, dollar weaken – MarketWatch

Commentary

The Coming Revaluation of Gold – Moneda De Plata Para México

The Coming Perfect Storm In Silver – SilverSeek

Italian Bank Panic & Bail-In – The Next Domino to Fall – The Dollar Vigilante

China’s Year of the Monkees – Maudlin Economics

Keiser Report: Fine Print Reality vs Big Print Dreams – Max Keiser

Breaking Gold and Silver News Today – Click here

Data and Statistics for these countries : Georgia | All
Gold and Silver Prices for these countries : Georgia | All
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Mark O'Byrne is executive and research director of www.GoldCore.com which he founded in 2003. GoldCore have become one of the leading gold brokers in the world and have over 4,000 clients in over 40 countries and with over $200 million in assets under management and storage.We offer mass affluent, HNW, UHNW and institutional investors including family offices, gold, silver, platinum and palladium bullion in London, Zurich, Singapore, Hong Kong, Dubai and Perth.
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Mr. Salinas Price has been barking up this particular tree for a very long time now, only nobody in authority is paying him the slightest mind. Nations are not moving toward gold backed currencies. Heck, even China over the weekend came out and said that they are taking their currency digital as quickly as possible. The whole idea of commodity money will never go anywhere for the very simple reason that it has been tried numerous times and always failed. If we are going to get things wrong again, at least let us try something not a proven failure.

More to the point, it is not what we use to represent money that has been the problem (with a few exceptions) but governments spending recklessly. Government is and has always been the problem. They can destroy a currency, any currency, no matter what it is and gold has never been an exception. We need to change how we are governed, not what we use to represent money. Change the system by which we are governed and there may be some hope. Change the representation of money and you have done nothing to prevent the next abuse.

For the Santini Brothers,

Stuk van Niets
Latest comment posted for this article
Mr. Salinas Price has been barking up this particular tree for a very long time now, only nobody in authority is paying him the slightest mind. Nations are not moving toward gold backed currencies. Heck, even China over the weekend came out and said that  Read more
The Santini Brothers - 1/26/2016 at 3:06 PM GMT
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