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Thread: Jim Willie

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    Veteran Member StuartL's Avatar
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    Default Jim Willie

    I love the writing of this guy. He tells it like it is and shocks me at how correct he tends to be...

    http://www.financialsense.com/fsu/ed...2007/1108.html

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    Default Re: Jim Willie

    ^^^ I've been reading Jim Willie for years ... because he is one of the original 'gold bugs' ...



    as you know from Jim's latest weekly Hat Trick Letter, he is now calling for the price of gold to hit $3000 an ounce before the US dollar crisis finally abates.

    from your link ...

    (snip)"A final note on the shortcoming even in the gold community to properly state what the previous 800 price peak means in today’s price terms. They employ the fallacious Consumer Price Inflation index probably out of habit, or out of indoctrination, or out of intimidation. The CPI is wrong by a factor of three. The old 1980 gold peak price is equivalent in my book to about a 3000. Why? Because the exact sounding 1550 figure quoted, using the CPI, is clearly wrong in its lift by a factor of at least two, conservatively. That is correct, the gold peak 27 years ago is equal to at least $3000 now. We are heading to a 3000 gold price in conservative terms, since the problems in the Untied States are insurmountable, unfixable, without any remedy. The only real life solution will be a more visible totalitarian state complete with rationing. If you believe rationing will not happen, just look at the crack spread, the difference between the oil price and gasoline price. It is rising dangerously, crimping energy firm profits. Unless the gasoline price rises by 50 cents, we are certain to face shortages, lines to buy gasoline, and fights. Next come riots. In fact, job loss, home foreclosure, food prices, gasoline shortages, and bank runs will likely be the basis of social chaos in the next two years. One will not be capable of recognizing the US landscape in ten years, maybe five years. The whole world will be watching."(snip)

    ... according to Jim Willie, say hello to Road Warrior !

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    Veteran Member StuartL's Avatar
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    Default Re: Jim Willie

    I know - everytime I read his stuff I think he is being over the top and trying to shock - but as time passes, his predictions seem to have a habit of coming true.

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