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Will the Price of Gold Stay Above $1750 for Two Full Weeks?
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<p>[QUOTE="Brian Calvert, post: 4615714, member: 75282"]Has nothing to do with Coins. Everything to do with the disastrous Economy, Printing, Absurdly Low Interest rates. Problem is that they can no longer reverse this course. You wont see 5% or higher rates again unless there is a Jubilee and all the debt wiped away.</p><p><br /></p><p>There is too much Debt and Printing for things to Normalize. The FED knows it, most honest economist know it, even the "investment guru's" know it. Yet they can't tell you the truth. They need your money to keep their pay checks. Yes, there are a handful of stocks that do well and will continue too. Gold, Silver, Medical, and some tech. 20% of the SP500 are Zombie corps. (yes, it is true). They must continue to borrow to stay in business. Would the FED and Politicians allow 20% to bankrupt ? Nope, so they bail them out with ever growing debt.</p><p><br /></p><p>So here we are, put your money in the Market and Pray it stays up due to Inflated values and deflation. put your money in the bank where it gets 0.20% interest and can be used by the Government in the bail In. (which by the way, the faux FDIC 250K Insurance is a joke at best) What will they do, print trillions more and give it to you ? They only have 3% of the money saved if the banks failed.</p><p>or your last Option, buy Gold and Silver which are the only 2 real MONEY"S in the World. </p><p><br /></p><p>Fiat is doomed.</p><p><br /></p><p>Gold and Silver will continue to climb. We should get a blow off top in Silver at some point like 2012. 80$ - 300$ hard too call. The Rich buy Gold and they are now asking for the LONG CONTRACTS on the COMEX to be filled. (taking delivery) 170M Tonnes this past month. The price has stayed low for a long time as bankers are trying to keep it low. They dont want you too save, then want you too spend.[/QUOTE]</p><p><br /></p>
[QUOTE="Brian Calvert, post: 4615714, member: 75282"]Has nothing to do with Coins. Everything to do with the disastrous Economy, Printing, Absurdly Low Interest rates. Problem is that they can no longer reverse this course. You wont see 5% or higher rates again unless there is a Jubilee and all the debt wiped away. There is too much Debt and Printing for things to Normalize. The FED knows it, most honest economist know it, even the "investment guru's" know it. Yet they can't tell you the truth. They need your money to keep their pay checks. Yes, there are a handful of stocks that do well and will continue too. Gold, Silver, Medical, and some tech. 20% of the SP500 are Zombie corps. (yes, it is true). They must continue to borrow to stay in business. Would the FED and Politicians allow 20% to bankrupt ? Nope, so they bail them out with ever growing debt. So here we are, put your money in the Market and Pray it stays up due to Inflated values and deflation. put your money in the bank where it gets 0.20% interest and can be used by the Government in the bail In. (which by the way, the faux FDIC 250K Insurance is a joke at best) What will they do, print trillions more and give it to you ? They only have 3% of the money saved if the banks failed. or your last Option, buy Gold and Silver which are the only 2 real MONEY"S in the World. Fiat is doomed. Gold and Silver will continue to climb. We should get a blow off top in Silver at some point like 2012. 80$ - 300$ hard too call. The Rich buy Gold and they are now asking for the LONG CONTRACTS on the COMEX to be filled. (taking delivery) 170M Tonnes this past month. The price has stayed low for a long time as bankers are trying to keep it low. They dont want you too save, then want you too spend.[/QUOTE]
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