A numbers-based echo of my dad’s post below…

Via Gold Eagle, written by GE Christenson titled “Gold: The End And The Beginning”

Snippets…

‘Yes, the past four years have been a repeat of the age of stocks, debt, and leverage, but only the financial and political elite experienced good times. Debt is massively higher and gold is still bumping around a bottom.’

‘Gold dropped from about $405 in January 1996 to $253 in July 1999: 38% in 42 months.’
‘Gold dropped from about $1900 in August 2011 to $1070 in July 2015: 44% in 47 months. The drop is similar to the 1996-1999 collapse.’

‘Gold prices in 2015 are clearly low compared to long term national debt, as they were in 2001. Expect gold prices to rise substantially to compensate for the past four years of declining prices.’

And his conclusion….

‘Gold prices could (I doubt it) fall further in the short term, since High Frequency Trading dominates trading action, and central banks need to hide the fact that their policies and currencies are failing, which usually means they suppress gold prices. Gold was formerly the “canary in the coal mine” indicating the failure of monetary and fiscal policies. But active suppression of gold prices has replaced the “canary” with a plastic look-alike that disguises the warning signal which tells us that something is very wrong with our monetary policies.’

‘However, it is only a matter of time, whether it is days or months, before the consequences of massive debt and uncontrolled “printing” of unbacked debt based fiat currencies sink more of the world into “Venezuela conditions.”’

‘Paper currencies, central banks and delusional paper promises will fail. We need something better. Gold and silver come to mind…’