Gold hits record high on debt fears and chance of more Fed stimulus

you can thank the keynessian crap for that first "unatural bottom" called the great depression

 

We kept going down without hitting the "natural bottom" until Keynesian policies were applied.

 

personally I think the chinese government is preparing its citizens for the eventual collapse of the US dollar

 

had the new deal not come into affect in 1933 I am willing to bet that the natural bottom would of been reached by 1934 or 35 !

 

You think another 10% decline in GDP on top of the 30% already experienced would have done it, eh?

 

speculation on your part.....I am willing to bet had the new deal not come about that the depression would of ended years earlier!

 

LOL, but you're not speculating.

 

we are both speculating thats true but I have never seen a case where keynessian crap has ever worked!

 

Gold PLUMMETED today...a buck.




http://www.goldprice.org/gold-price-history.html

 

its funny how when gold or silver corrects all of the sudden these keynessian cheerleaders start talking of gold bubble bursting ut when the DOW falls even 500 points these same know it alls say that its just a temporary correction! LOL

 

Every market either crashes or retreats after a long period of growth.

 

correct and the DOW has done nothing for 11 years now going on 12 LOL.


Meanwhile gold and silver just quietly keep on trucking and I dont see a major fall until interest rates finally rise!

 

Uh, gold didn't "truck" for about 18 years until about 2006. So your version of its successes seems a bit overoptimistic.

Gold is a commodity, like pork bellies. It goes up and down due to unpredictable factors. If it didn't, if it were predictable appreciating, every investment dollar in the world would be in gold.

 

That's what they said in 1981 too.

Uh, silver is down 20% from its peak of about $50. You remember, when you were telling people to buy silver, and only after it tanked 30% did you claim that you had shorted positions in silver.

 

I agree completely.

 

gold started rising back in 2002 I believe....by 2006 it was already over 500 or perhpaps 600 I forget now.....but in 2001 it was only 300 so it had already doubed!

 

how many pork bellies do you see central banks holding in their vaults?

 

A) this is not 1981 as interest rates are near zero

B) silver may be resting as it has done a dozen times in the past ten years and although I may not know exactly when it will rise I am willing to bet you it will be much higher by next summer

 

too bad the clueless gang cant see the obvious

 

Gold's inflation adjusted prices and stock p/e ratios are about the same.

I'll bet you that gas prices won't hit $5/gal by this summer as you claimed it would. How much?

 

once QE 3 comes along that 5 dollars a gallon might acrtually be considered cheap

 

The great thing about changing your dates all the time like you do is you will never be wrong.

 

the trend is your friend and this is the era of gold, commodities and cheap money......once interest rise again to bleed the system then it will be time for paper assets again......assuming the US doesnt go bankrupt LOL.

The trend is quite clear.....and I know you feel threatened by the fact I am quite accurte on alot of things so you need to look for any little piece of BS in order to try to discredit me.......good luck

 

The trend was very clear on gold in 1979, in tech stocks in 1999, and housing real estate in 2006.

Just like the trend was very clear on gas prices when you told us it would hit $5/gal by this summer.

"Past performance is no guarantee of future performance"

 

very incorrect......you are looking at when the ignorant Joe's jumped on the bandwagon.

The trend was clear in gold as far back as 1975 when it was just breaking over 100 dollars I believe or there abouts.

The trend for housing was also very clear in 2002 after greenspan lowered interest rates and those liar loans came about I think in 2003 or something like that.

As for the dot.com boom? That started after nescape went public I think in 1996. Only the lunch box gang got in what you so stated. Just like the lunchbox gang will most likely buy gold after it passes 2500 or perhaps even higher