Just one more point I wanna make, I know all you gold bulls know this (or at least you should) but the REAL reason why gold is going up now, is NOT mainly because the china and india are buying (they have always been buying) or because "markets are nervous" or because "the oil price is low" these are the BS reasons that the mainstream media are telling us why gold is up, the actual reason is.
People, especially paper gold traders (who determine the price in US$) are slowly figuring out that the US$18.5TRILLION of govt debt and global debt is totally unsustainable and cannot go on much longer.
Historically unsustainable amounts of debt that even bankers and brokers and mainstream economists know can never be repaid and record low interest rates and slowing world growth = crash in paper assets and RISE in gold.
That's the only logical thing that can happen long term to re correct things.
Watch what happens to gold when the
1.) DOW really crashes, and the
2.)US$ index drops.
3.)and the IMF come out with another cut to global growth forecasts
4.) and the FED announce another round of QE.
None of these things have happened YET and we are AUD$1750/oz, imagine where we will be when all the above happen? by palms are sweating just thinking about it.
- Forums
- Commodities
- GOLD
- Gold Surges To 4-Month Highs
Gold Surges To 4-Month Highs, page-763
-
- There are more pages in this discussion • 147 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GOLD (COMEX) to my watchlist
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online