Hi Dub and all,
A vegetable and beef raiser that occasionally posted here often quoted from one of his favourite magazine Baron’s so I thought he and others may enjoy this article.
Is Gold Overpriced? Maybe Not Until $2,390
Posted on September 25, 2012 by News
25-Sep (Baron’s) — Gold enthusiasts, take note of the latest from Deutsche Bank (DB), whose commodity analysts point as high as $2,960 for an “extreme” gold price.
How do you define “extreme”? Some investors might consider today’s $1,763 already there. The price record is around $1,900. But there could be room to rise if you think that other measures are more important.
http://blogs.barrons.com/focusonfunds/2012/09/24/is-gold-overpriced-maybe-not-until-2390/
Still busy here in Las Vegas so without further comment from me the latest E-Mail from everyone’s Uncle Jim:
Cheers and very best regard: Andy
My Dear Extended Family,
For years we took major criticism for saying that QE to infinity was guaranteed. Recently we took major criticism for even saying QE itself was possible. Now we take criticism for saying QE to infinity is going to have a major impact economically in the entire Western financial world.
All the talking heads and writers are on a tear saying QE will do nothing, emphasizing deflationary scenarios both from within the community to financial TV. Those that take that position are raving morons.
The markets today are full of normal manipulation based on the MSM disinformation that QE to infinity is a hollow tool. It is dynamite and will have an impact of historical dimensions, but not necessarily the ones the morons expect.
Keep your gold investments. Gold is going to $3500 and beyond, about which there is no question. Stand tall. Don't trade, and shut off the gold naysayers sensationalists we have battled from $248 to today.
This is nothing different from the disinformation of early 1979. The Philadelphia Fed president is an example of MSM disinformation.
Regards,
Jim
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