pog looking dodgy, page-42

  1. 23,919 Posts.
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    Manipulation and rampant bearish / bullish calls happen commodity wide, it is just most widely publicized and easily noticeable in Gold.

    It was only a few months ago people were calling IO to $50, Oil to $50/$200 and Gold to $800/$2000

    Regardless of the US having reserve currency status, the state of their economy does not look pretty with the $17Tn in debt and growing, the looming debt ceiling, impending wars etc ...

    The fact of the matter is, the US is not all peachy and despite all the above mentioned, the most imminent threat to their economy and dollar is a rising POG. Just so happens that they at this stage seem to have the most to gain (or prevent losing) from a suppressed POG and the deepest pockets to make it happen.

    If you had to chose to have your entire portfolio either invested in gold or USD for 5 years, I know which most would be opting for and would be interested to see what others would. Not hard to guess, it would be physical gold.





 
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