True Price of Gold & Silver
Dr T
Oct 18, 2004
Dr T is the messenger of Truth,
and as of October 14th, 2004...
the TRUE PRICE of GOLD (in US$) is AT LEAST:
| . |
M3 |
M1 |
M1-currency |
| 10% backed |
$3,533/oz |
- |
- |
| 50% backed |
- |
$2,586/oz |
- |
| 100% backed |
- |
- |
$2,632/oz |
the TRUE PRICE of SILVER (in
US$) is AT LEAST
(based on 1:15 gold
to silver ratio):
| . |
M3 |
M1 |
M1-currency |
| 10% backed |
$236/oz |
- |
- |
| 50% backed |
- |
$172/oz |
- |
| 100% backed |
- |
- |
$175/oz |
The True price of gold is at
least $3,533/oz and silver is at least $236/oz,
based on 10% backed M3 money supply.
The True price of gold is at least $2,586/oz and silver is at
least $172/oz,
based on 50% backed M1 money supply.
The True price of gold is at least $2,632/oz and silver is at
least $175/oz,|based on 100% backed currency notes.
If Dr T can find someone who'll
sell him gold and silver for less than their true prices, based
on whichever monetary-backing system he considers honest, then
Dr T will keep trading his currently worthless paper dollars
for more valuable ounces of physical silver and gold.
With each passing day, central bankers and our corrupt governments
create more fiat paper money. As a result, the true prices of
silver and gold continue to increase with each passing moment,
until the day shall arrive that the federal reserve, and all
other central bankers, will be forced to terminate their unethical
counterfeiting of money. One by one, all nations will return
to gold and silver backed money.
Until then, keep on buying physical gold and silver, for they
are the pillars of monetary truth, and truth is the key to success.
Without it, all that follows is built on a shoddy foundation,
and the waters of time gradually (and sometimes swiftly, depending
on you time scale) erode away the very underpinning of all our
endeavors.
All people, even those working central banks and government,
must surely know that truth will reign supreme. In the meanwhile,
they keep lying about the real rate of inflation, over-valued
housing, debt bubbles, stock bubbles, unethical wars, off-shoring
of manufacturing/engineering, and the list goes on and on.
But keep on lying Mr. Federal Reserve and Mr. Demopublican/Repubcrat,
because Dr T will keep preaching the truth to all citizens of
the world. Dr T is merely a messenger of the truth, and he intends
to bash it into everyone's thick skulls - from value investors,
to technical traders, to lumpkin investors, to lying career politicians,
to Joe and Jane Six-pack - that fiat money is evil and must be
defeated.
Appendix: Data employed in calculations
Current M3 = $9258.8B (not seasonally adjusted, most recent
week average)
Current M1 = $1355.3B (not seasonally adjusted, most recent week
average)
Current M1-currency = $689.5B (not seasonally adjusted)
Supposed US Treasury Gold Reserves = 262M oz
CAVEAT: If the Federal Reserve or any other party has stolen
our gold reserves (God help them, for was this not US citizens'
gold?) for the purposes of selling it to suppress the price,
then the true price of gold in US dollars will be much higher
than any of the numbers presented - you do the math... you do
know how to divide by zero don't you?
October 14, 2004
Dr T, Ph.D.
Email: Dr_T_PhD@yahoo.com
The above represents the
opinion and analysis of Dr T and is not a recommendation to buy
or sell securities. Base your decisions on your own thoughts
and assume responsibility for your actions.
All Contents Copyright
©2004, Dr T. All Rights Reserved.
____________
321gold Inc
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