tick tick tick tick tick

Yassou,

When is the bottom.....

"When you turn on CNBC and the screen is black. Thats when to start buying equities again."

One thought I had is just what the economy and society will look like when gold is at $2,000 USD.

I am a little sad but the primary objective of a man is to provide for his family.

We are standing at the bottom of a mountain. Gold will lift us all to the top.

I just think the view from there may not be as beautiful as we gold investors think it will be.

Who do we blame.

Well Im going for Richard Nixon.

Why did he have to take the US off the gold standard.

Every economic problem we have now can be traced back to debasement of currency. thanks, Tricky Dicky.

There is no anchor for the current economic system.

The solution to this problem is not creating more debt.

The only remedy the governments know is to create more debt.

Over 2 trillion added in the last two weeks alone.

This is before the interest rates cut globally.

Don't feel it now. Just wait 12 to 18 months.

This will create 10-15 trillion in new credit/money.

This is baked in the system.

We are looking at +20% inflation, perhaps much much more.

Job losses will commence in a few weeks.

There must be a pull-back soon in gold.

I am adding on every pull-back

In the meantime Gold is responding now.

The rise is orderly and smacks of a controlled government sanctioned rise. They can do very little else.

My 2 cents....