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Gold just passed platinum
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<p>[QUOTE="fatima, post: 1254566, member: 22143"]Platinum is a commodity. It's price is determined by supply & demand. Gold is a monitary asset where the price depends upon the state of the economy. 40-50 years of political dogma and US Ivy League economic & business theory put forth by tenured PHDs who have never worked a real job in their lives, has destroyed the US economy. The results speak for themselves. It's not surprising at all that gold is now equal to platinum in worth. If platinum was subject to the same knock downs that gold is getting from the banksters, the wall streeters, the Ivy leaguers, CNBC, and the gubment, you would see it being used to make hubcaps shiney. </p><p><br /></p><p>Gold rose $400/ounce in just July & August, almost a 27% increase. It should not be considered coincendental this is the same time period the congress and the President treated us to a summer long dog & pony show where the end result was the predicted increase in the national debt by $2.5T. The sole reason for this amount is that it is enough borrowing to get us past the next national election. This was their big "fix" and now this self serving bunch is off enjoying vacation. No solutions, just more reasons gold will keep going up. </p><p><br /></p><p>It's not too late to get onto the gold train however the tickets are going to cost more. People will say gold is in a bubble, but most Americans are still foolishly selling their gold. The haven't figured out that trading gold for some paper confetti with a picture of a dead president isn't such a good deal these days. When they do, and you see Walmart selling gold atoms embedded in a plastic card, then you will know the gold rally is over. </p><p><br /></p><p><br /></p><p><br /></p><p><i>Warning for the easily excited: (100% my opinion)</i>[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1254566, member: 22143"]Platinum is a commodity. It's price is determined by supply & demand. Gold is a monitary asset where the price depends upon the state of the economy. 40-50 years of political dogma and US Ivy League economic & business theory put forth by tenured PHDs who have never worked a real job in their lives, has destroyed the US economy. The results speak for themselves. It's not surprising at all that gold is now equal to platinum in worth. If platinum was subject to the same knock downs that gold is getting from the banksters, the wall streeters, the Ivy leaguers, CNBC, and the gubment, you would see it being used to make hubcaps shiney. Gold rose $400/ounce in just July & August, almost a 27% increase. It should not be considered coincendental this is the same time period the congress and the President treated us to a summer long dog & pony show where the end result was the predicted increase in the national debt by $2.5T. The sole reason for this amount is that it is enough borrowing to get us past the next national election. This was their big "fix" and now this self serving bunch is off enjoying vacation. No solutions, just more reasons gold will keep going up. It's not too late to get onto the gold train however the tickets are going to cost more. People will say gold is in a bubble, but most Americans are still foolishly selling their gold. The haven't figured out that trading gold for some paper confetti with a picture of a dead president isn't such a good deal these days. When they do, and you see Walmart selling gold atoms embedded in a plastic card, then you will know the gold rally is over. [I]Warning for the easily excited: (100% my opinion)[/I][/QUOTE]
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