Gold Prices Set to Skyrocket? The Shocking Truth

the shadow banking system is just investing existing pool of assets So if just a small fraction of these pension fund managers hedge fund managers endowment If they decide my gosh gold's moving we need to be in gold then the price could skyrocket much much higher than where it is today And that's not going to happen overnight Prices always fluctuate a bit up a bit down But let's remember that last time we had inflation like real inflation was in the And between nineteen seventy one and nineteen eighty the price of gold went up 24 fold not 24 percent 24 fold from 35 dollars an ounce to over eight hundred dollars an ounce And I think that the price of silver if I remember correctly went up about 50 fold So I think that there's a good chance that we are in the early stages of this kind of a development And then these narratives about shortage of gold and this and that they're going to follow the price the movement of prices Last thing I'm going to mention is that there's also a cultural element to them because now for decades We're building being told that gold is a barbarous relic that it doesn't serve any purpose that it's completely irrelevant And you know people have genuinely lost interest in gold just I think 2 or 3 years ago I watched a A YouTube video by Mark Dice he's one of these really good YouTubers who in a town in Southern California was offering people one ounce gold coins in exchange for their junk a baseball hat used water bottle an open water bottle whatever they had on them So basically worthless stuff He would say here's this gold coin I think that it was worth about two thousand three hundred dollars at the time