Big US Bank: If QE3 Actually Happens, We Could See Gold at $5,000 and Silver at $1,00

[Vendico]

http://www.washingtonsblog.com/2011/07/one-of-big-us-banks-texted-me-today-to.html

"One of the big US banks texted me today to say that if QE3 actually happens, we could see gold at $5,000 and silver at $1,000. I feel terribly sorry for anybody on fixed incomes tied to a fiat currency because they are not going to be able to buy things with that paper money."

[Eyebone]

I'm glad the "big Banks" are aware of what will happen.

I wonder if they gave any thought to not doing another "QE",,,Nahhh.

[Dogman]

Giving it another try-


I think more like this!


http://www.youtube.com/watch?v=Vo2_n4MICX0

[ximmy]

If QE3 Actually Happens, We Could See Gold at $5,000 and Silver $1,000


It's not a matter of "if" but of when...

[Shami-Amourae]

Since when does is the Silver/Gold ratio go to 5:1? If the Silver/Gold ratio drops below 30:1, I can promise you people will start swapping their Silver for Gold.

[Vendico]

We see a lot of these predictions over the years... Nobody really knows what the ratio is going to be. We all just know the prices will go up.

[Walter Mitty]

delete

[Walter Mitty]

delete

[madfranks]

Since when does is the Silver/Gold ratio go to 5:1? If the Silver/Gold ratio drops below 30:1, I can promise you people will start swapping their Silver for Gold.

I agree. This anonymous "big US bank" doesn't seem to understand the gold/silver market very well.