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M1 says gold price is going to $10,000

August 28, 2016

New York (Aug 28)  If the next crisis is bigger than the last one, which I expect, and the central banks are tapped out, where is the money coming from? How will you re-liquify the world? The answer is, the IMF is going to print a massive amount of dollars of SDRs  . Is that inflationary? Of course it is.

If you flood the market in dollars of SDRs, one of two things is going to happen. Either that’s going to work, and will be highly inflationary, which is going to take gold to $10,000 an ounce, or it’s not going to work, in which case you’re going to have to go back to a gold standard, in which case it’s going to be $10,000 an ounce.

You can have multiple paths, and timing has to be watched, but this number is very well grounded analytically.

Source: BusinessInsider

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