What would happen to the economies of the world if Gold went to $20,000 an ounce and silver to $1000 an ounce?
I posed that exact question to Google AI. Here is the response.
If gold reached $20,000 per ounce and silver hit $1000 per ounce, it would likely cause significant economic disruption globally, including major market volatility, increased inflation, potential currency instability, and a shift in investment behavior towards precious metals, potentially impacting industries that rely heavily on silver for industrial applications.
Key impacts:
- Market
Volatility: Such a
drastic price increase would likely trigger significant market fluctuations as
investors rush to buy gold and silver, potentially leading to short-term price
spikes and sudden drops in other asset classes like stocks and bonds.
- Inflation Concerns: A surge in precious metal prices could contribute to inflationary pressures, as the cost of goods and services tied to these metals would rise, impacting consumer spending and overall economic stability.
- Currency Instability: Since gold is often seen as a safe haven asset, a sharp increase in its price could lead to concerns about the stability of fiat currencies, potentially causing fluctuations in exchange rates.
- Investment Shift: Investors might significantly reallocate their portfolios towards gold and silver, potentially drawing capital away from other investment avenues like stocks and bonds.
- Impact on Industrial Silver Usage: A high silver price could lead to a decrease in its industrial applications, as businesses might seek substitutes for certain manufacturing processes due to increased cost.
- Potential for Speculation: The high price could attract speculative trading in gold and silver, further exacerbating market volatility.
Who would benefit:
- Gold and Silver Producers: Mining companies would see substantial profit increases due to the higher selling price of their products.
- Gold Investors: Individuals holding gold investments would experience significant gains in asset value.
Who
could be negatively impacted:
- Central Banks: Central
banks managing gold reserves could face challenges maintaining currency
stability if gold prices rise too rapidly.
- Industries using Silver: Industries heavily reliant on silver for manufacturing could face cost pressures and potentially need to adjust production processes.
Important Considerations:
- Geopolitical Factors: Global events like political instability or economic crises can significantly influence the price of precious metals.
- Supply and Demand Dynamics: The actual impact on the economy would depend on the underlying supply and demand dynamics of gold and silver.
So, if Gold went up to $20,000 per oz and silver to $1000 per oz it sounds like it could be a symptom of a worldwide hyperinflationary financial collapse.
It is widely held that the main reason for a hyperinflationary financial collapse would be excessive money printing by governments, and high precious metal prices could fuel it and be a partial cause.
And you know that a hyperinflationary financial collapse is actually what they have planned during the end times.
5 And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand.
6 And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine. Rev 6:5,6
And what could cause gold and silver to start going up really high which could help fuel a hyperinflationary financial collapse? The answer is simple; when demand is high and supply is low the price goes up, that is simple market dynamics. Check this out.
Source: https://thedeepdive.ca/gold-rush-to-us-puts-squeeze-on-bank-of-england/
Is the gold and silver demand currently high and the supply low? Will we soon see gold and silver “go to the moon?” If it will, it will most likely be one of the causes of and symptoms of a worldwide hyperinflationary collapse.
A hyperinflationary financial collapse (Seal 3) is what the evil forces aligned with satan want to bring about in order to collapse the governments of the world, cause the citizens of the world to beg for a solution, and usher in the antichrist and the New World Order.
The title of this article is Got PMs? So, let’s think, how could gold and silver benefit a person in the end times?
Realizing that the mark system will come about after the ac takes over the world and that no one will be able to buy or sell without the mark, then maybe gold and silver and other commodities could be used to barter for necessary goods and services, that is until the rapture occurs after Seal 6 is opened.
BTW, I have been telling people to get PMs for over 20 years, and what was the price 20 years ago. Many years ago, I once recommended to someone that they should consider investing in gold. They responded, "you can't eat gold." I should have said, "you can't eat paper either."
Watch ye therefore,
and pray always, that ye may be accounted worthy to escape all these things
that shall come to pass, and to stand before the Son of man. Luke 21:36
Not sure that you will go to heaven?
The end times are knocking on the door and so is Jesus. He wants to save you;
will you let him? Find out what you must do to be saved, click here.
Have you had your epiphany? You need to be prepared for the end times! Read The Coming Epiphany;—Your Guide to Understanding End Times Bible Prophecy (eBook $4.99).
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