Gold And Silver Price Guru Predictions Proliferate Alongside Stable Coin Fantasies

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I am seeing a gold/silver guru predict that silver is going to $200 in the first quarter of next year. A Bitcoin guru, who told everyone to sell their gold and move everything they own into Bitcoin around New Years, in one of the most reckless and shameless recommendations I have ever seen, has had nothing to say about the metals rally, while another popular crypto carnival barker is calling for a gold crash, claiming that stable coins are going to fix the US debt.

There is never going to be a simple overnight painless solution to the US debt, despite what these gurus are fantasizing about. Another argument I have seen some make is that the US government will just revalue the price of the gold at Fort Knox and overnight all debt woes will vanish.

All of these scenarios are simple devaluations that would crash the value of the dollar overnight and wipe out everyone’s savings.

There is a precedent in history for such moves.