{"id":26204,"date":"2017-09-28T17:38:11","date_gmt":"2017-09-28T22:38:11","guid":{"rendered":"http:\/\/olduvai.ca\/?p=26204"},"modified":"2017-09-28T17:38:11","modified_gmt":"2017-09-28T22:38:11","slug":"gold-price-will-explode-when-system-breaks-gordon-long","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=26204","title":{"rendered":"Gold Price Will Explode When System Breaks \u2013 Gordon Long"},"content":{"rendered":"
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Gold Price Will Explode When System Breaks \u2013 Gordon Long<\/a><\/h3>\n
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Private investor Gordon Long contends the price of gold will shock the world when it revalues to reflect the massive amount of currency that has been printed globally. Long explains, \u201cThat is correct, and it won\u2019t be something that is gradual, it will be very abrupt.\u00a0 The system will break . . . and the financial markets will freeze up.\u00a0 When they come out of the other end of that freeze, and it may be a number of weeks because the next crisis will be global and much more complex than 2008.\u00a0 We could control that with the Federal Reserve . . . and this one you cannot do because you cannot get agreement with all those countries. \u00a0Never mind understanding the complexity.\u00a0 So, when we come out on the other side . . . there will be a massive revaluation in the U.S. dollar. . . .\u00a0 Gold could jump to $5,000 or $10,000 an ounce or something like that. <\/span>. . . It will be massive.\u00a0 They will have to put some stability in the monetary system, and the only way they can do it is having something they cannot print.\u00a0 This is what has gotten us into this problem.\u00a0 We have to get back to sound money.\u00a0 It will have to be gold.\u00a0 What percentage of backing will determine what the value the gold will be.\u201d<\/p>\n

On the value of the U.S. dollar, Long contends, \u201cPersonally, I think the revaluation of the U.S. dollar will be well over 70% devaluation. It doesn\u2019t mean the world is coming to an end.\u00a0 It just means you have to go through this to reset.\u00a0 Those who prepare and understand why this is happening and watch for the signals, there\u2019s going to be fortunes transferred.\u00a0 They are being transferred right now, frankly.\u00a0 One other big caveat on gold prices going way up, expect the government to tax it like you have never seen before.\u201d<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Gold Price Will Explode When System Breaks \u2013 Gordon Long Private investor Gordon Long contends the price of gold will shock the world when it revalues to reflect the massive amount of currency that has been printed globally. Long explains, \u201cThat is correct, and it won\u2019t be something that is gradual, it will be very […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[951,303,374,3622,11920,8757,538,839,3650,9699],"class_list":["post-26204","post","type-post","status-publish","format-standard","hentry","category-economics","tag-currency","tag-fed","tag-gold","tag-gold-price","tag-gordon-long","tag-greg-hunter","tag-money-printing","tag-us-dollar","tag-us-federal-reserve","tag-usa-watchdog"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/26204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26204"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/26204\/revisions"}],"predecessor-version":[{"id":26205,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/26204\/revisions\/26205"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}