Gold and the almighty dollar?

"Gold touching $700 from here onwards will require a lot of change in the world economy.

The world economy will have to improve. Drastically. The U.S. growth rate needs to double to 6%, the world economy needs to grow at 2.5% and developed world stock markets need to grow by 50% in the next year. "

Are you trying to make me laugh?


EDIT: But I think this quote from the 2nd article is even more funny.

"Gold has had a bull run since November 2008 that might have peaked in November 2009 at $1,214 an ounce. Can it continue and how far will it go? Opinions are everywhere, and I have no clue."

He admits he has no clue, and yet he poo poo's it.

 

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Pooh-poohing is always much more fun when you don't have a clue. What's really odd, is that the traders he quotes seem to feel that gold will probably go up. And yet still he pooh-poohs it :rolling:.

 

And the places he's telling you to invest in are places that are close to defaulting.....like Italy. His own words on the Czech account...."Crunched by the recession, it now operates just below break-even." He sees it as room to grow, not they are barely making it. His reason for not liking it is timing. He claims it shoots up and then lags down over time, meaning it's a loser most of the time, while stocks operate in the opposite way. Well, I'd much rather wake up one day and be pleasantly surprised with gold, instead of waking up and being horribly disappointed with stocks. Ahhhh, you gotta love Forbes.

 

Mmmmm, Forbes magazine is sooooo smart! Not!

 

Why are you trolling around digging up all these months old threads without adding anything new to the thread...?

 

I did add something new. I pointed out how smart Forbes magazine is.

 

It wasn't much more than an excuse to bump this thread along with the numerous bumps you gave this morning plus you were the last poster nearly 9 months ago... Threads go to sleep for a reason.