In an interesting Web Bot prediction, Clif High and George Ure of the Half Past Human project suggest that an epic event will occur in early November of 2010. Clif High says it won’t necessarily be a war, but rather, an event that will be associated with the death of the US currency.
The attached video below uses a variety of sound bites from interviews where currency collapse, the gold market, paper gold and silver are discussed.
One of the more interesting tidbits of information in the Web Bot prediction surrounds the precious metal silver, it’s available stores and the market reaction if a major currency event were to occur. If you currently own silver, according to Clif High, you may be very pleased with your investment in the near future:
“In 2003 / 2004, George and I were discussing this weird thing that showed up about silver, where silver is going to bounce back from its current position relative gold, to a historical mean relative gold, and then will actually exceed that and may even go to parity. We had a hint that maybe the ratio of ounces of silver to ounces of gold may go through this wild gyration and end up, at some point, briefly, at one to one.”
In recent years, the silver to gold ratio has hovered around 60:1, meaning that an ounce of gold costs 60 times more than an ounce of silver. In Gold and Silver – Will They Protect You, we pointed out that the historical mean for the last 125 years has been about 45 to 1, which accounts for the 14 to 1 ratio during the gold and silver price top of the early 1980’s. At it’s historical peak in January of 1980, silver was trading near $50 per ounce.
Though we’d love to see $50 per ounce silver again, and strongly believe that this price level will be achieved over the next several years, we’ve also read convincing estimates and reasons for why silver may go much higher that that, with estimates ranging from $100 all the way up to $1000 (with a 9:1 ratio, meaning gold would be at $9000 per ounce).
Web Bot has claimed correct predictions for a number of events including the September 11th attacks, the 2004 Tsunami earthquake and Hurricane Katrina, but it is not without errors, having predicted several events that never came to fruition. (source)
Whether or not an epic event occurs in November of 2010 is anybody’s guess. But one thing’s for sure: If the price of silver reaches a one-to-one parity with gold and goes to new highs, then whatever scenario is causing it will not be pretty. We may be happy to find that the price of silver is at $1000 or more per ounce, but that would come hand-in-hand with an economic catastrophe of historical proportions – one that we most certainly would not want to be a part of if it is at all avoidable.
Mac Slavo Views:
Read by 1,806 people Date: August 19th, 2010 Website:www.SHTFplan.com
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