will there be a QE 3 ?

what more do I expect? QE 3.....I think the markets are waiting for it too. No QE and the markets will slowly implode.

 

and my gold and silver investments want another round of QE

 

Ditto..

 

But that would devalue the dollar! >_<

 

yup......but it would also make my ginto amd pilak go up like crazy

 

At least wait until I get me some gold. It'll be way too expensive by the time that happens ^_^

 

don't wait too long.....I am willing to bet that by next summer it will be well north of 2,000 dollars. Silver is harder to predict as its also an industrial metal so on the one hand it wants to go up since its a preceous metal but on the other hand the industrial demand will drop....so its sort of a tug of war between the two.....still long term barring a financial collapse silver should do well.

 

oh....been meaning to ask you....since you were in china, how was the economy there? Did it seem to you like people were in a spending mood ?

 

Well I can still own gold stocks if they become too expensive. They're not performing all that well but at least gold stocks are outperforming regular stocks.

 

People always seem like they have somewhere to go on their bicycles but spending seems to be moderately high. It's mostly on food though.

 

and this is what I was trying to explain to iriemon.......gold stocks are still relatively cheap compared to actual physical gold. This tells me there is still incredible pessimism in the price of gold.....if gold was a bubble then the gold mining shares would be selling at very high multiples similar to the tech stocks of the late 90's. So for now anyways, gold shares are a good buy!

 

I believe Peter Schiff feels the same way.

 

great minds think alike LOL

 

Don't doubt Peter Schiff...It'll only lead to another "Peter Schiff Was Right" Video.

[ame="http://www.youtube.com/watch?v=Z0YTY5TWtmU"]Peter Schiff Was Right (CNBC Edition)[/ame]

 

If it were a gold bubble gold stocks would be up about 70 percent in share prices.

 

Where did I say I doubt him?

that is the second time in a couple of days of accusing me of feeling things that I have never stated or felt.

I actually am a subscriber to Peter Schiff's radio show.

And I bought - and much enjoyed - his book Crash Proof.

 

You were thinking it.

Lies.

I don't believe you >_>

Well I bought his "How an Economy Grows and Why It Crashes" book...

I gave it to my little sister >_>

 

Okaaaay...

And what has led you to believe that I am anything but a fan of Peter Schiff or Jim Rogers or Marc Faber or any other Austrian Schooler?

 

I think more than that, in the 70's gold mining shares were selling at 100 times earnings! So the share price would go up 10 fold. And I think when the currency crisis hits in a few years it will happen again!

 

dont forget Gerald Celente and Robert Chapman

 

I have to admit. This is one question I do not have an answer for.

 

Gerald Celente is not as interesting as Schiff, but he knows his stuff I guess.

 

I am not familiar except in passing with Robert Chapman.

And Gerald Celente has some good ideas, imo.

But I think he shoots his credibility in the foot by constantly making predictions that do not come true.

He did that in spades in 2008 and 2009. Saying the economy would collapse and there would be riots and wars and such.

He has good ideas (imo) but he would do well to stop with the dramatic predictions.

 

Peter schiff is just more entertaining LOL. They are actually both quite smart! And I like to hear many different opinions, so I listen to Peter Schiff, Robert Chapman, Gerald Celente, Marc Faber, and Jim Rogers!

 

Gerald Celente is very good in trends.....and yes sometimes he puts his foot in his mouth by trying to put a date on when certain events will unfold. The truth is nobody knows exactly as there are too many variables!