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<p>[QUOTE=&quot;Cloudsweeper99, post: 1527629, member: 3011&quot;]Just to be clear, I like gold a lot and expect the bull market to continue.&nbsp; I&#039;ve posted many times on this forum that my opinion is that there is a 50/50 chance of inflation or deflation, but the needle seems to be tipping toward deflation lately.&nbsp; I also believe the Europeans will blow up their economies because they don&#039;t know what they are doing and ignore advice from the US Federal Reserve.&nbsp; For all the criticism the Fed receives, they are very adept at operating a central banking system.&nbsp; As long as the bankers are in charge they will never permit the debt to be inflated away.&nbsp; They will squeeze the national economies and extract repayment through sacrifice.&nbsp; Regarding the US, I don&#039;t think the present situation is like the 70s [having lived through the 70s].&nbsp; The problems are very different, the economy has moved heavily toward the service sector, and the level of debt is much higher now.&nbsp; I expect the next 100 years to be much like the last 100.&nbsp; The dollar will probably remain the reserve currency for longer than most people think because there is no alternative currency that is better.&nbsp; Bankers need the dollar, so the dollar will remain on top.&nbsp; I&#039;m very glad I&#039;m not in Europe.[/QUOTE]</p><p><br /></p>

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