thats it pintahoo - it's the extremes that are scary
I'm with you on the risk of deflation Pug - Bill Bonner hinted the other day that US treasuries may still have legs with yields dropping as GFC2 unwinds
and I'm quite prepared for gold to drop bigtime as it did during GFC1 as punters everywhere have to sell assets in our "reserve" US $ currency
Pretcher and Dent - both bigtime and longtime commentators - have gold falling substantially
and I'm with the cash is King mob with my own pile although I'm starting to think about which cash (currency) is going to be the better King
and I've given up on the deflation/inflation thing to some extent - gold is a monetary crisis hedge now I reckon - a hedge against extreme 'flation if you like
$200 USD and $20,000 gold has to be a scary fiat bust with valuation of assets out of control
$1200 USD gold- a defacto gold standard worldwide- a gentle gold bull that is not hurting anybody- we have the best of worlds right now for anyone who wants to preserve wealth or to mine gold
sort of makes me happy to have so many conspirators and gamblers and all us gold tragics along for the ride as the gold bull unfolds, as we go through the K winter, and we hopefully get a new economic system up and running without a major stuffup, a major war, bigtime grief anyhow, which is usually how us humans handle these cyclic events
love reading your stuff too eljay - always something more to learn!
- Forums
- Commodities
- GOLD
- gold to plummet to 200 bucks
gold to plummet to 200 bucks, page-41
-
- There are more pages in this discussion • 38 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