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Is now the time for everybody to jump in and buy Gold, $1000/oz and rising quick....
IMO the US dollar is gone as a currency and the euro wont be far behind, gold is the only stable currency out there. i;m thinking we'll see $2000 before the year is out.
My only question is weather the new US president will have any difference to the US economy??
any opinions
WRONG, if anything gold is due a big correction and the dollar a rally, ever since gold took off in 2001 this has been the pattern, a major run up and then a major correction, all the while its long term curve has been upward, but gold has crucified the speculators, who have tried to make a killing , the same thing happened in 2006 when there was a major run up
Is now the time for everybody to jump in and buy Gold, $1000/oz and rising quick....
IMO the US dollar is gone as a currency and the euro wont be far behind, gold is the only stable currency out there. i;m thinking we'll see $2000 before the year is out.
My only question is weather the new US president will have any difference to the US economy??
any opinions
Is now the time for everybody to jump in and buy Gold, $1000/oz and rising quick....
IMO the US dollar is gone as a currency and the euro wont be far behind, gold is the only stable currency out there. i;m thinking we'll see $2000 before the year is out.
My only question is weather the new US president will have any difference to the US economy??
any opinions
Hey WTTW wait till I sort myself out before starting a bull run on gold.
I think that a gold allocation is a good defensive move at the moment, as the creditability of the Fed’s tightening policies is brought into question with the demise of M3 money supply data. Its also interesting to note that the M3 money supply data coming from the ECB suggests that M3 is growing by 8-9% well above what the ECB is comfortable with.
One important caveat, Gold or other precious metals investment is speculative; however it has proven to be a good hedge against inflation in the past. I still anticipate a credit crunch (to follow the present global debt bubble), caused by rising defaults and a widespread (global) property market reversal.
PS
I heard something today about my local property market that has sent chills down my spine, I am witnessing debt driven easy money mania here, big-time.
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