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Gold is over $1000

hypocritexposer

Well-known member
Well I think what you'll see another stimulus type program in early 2010. Voter confidence is needed.

By the end of 2010, it's quite possible that it will be between $1500 and $2000.

Silver has also climbed by about 33% since the beginning of the year.
 

don

Well-known member
if it goes that high i think it will be more due to the american dollar going in the toilet than gold values strengthening around the world. we've seen inflation in gold values already and this may turn out to be a topping move.
 

don

Well-known member
so far every country has weakened its currency by stimulus so everybody has stayed relatively the same. i think it depends whether it is a recession (double or whatever dip) or a depression. i heard a very good argument lately that we are just in the beginning of a depression - a recession comes about when inventories build up and the recession occurs to relieve the surplus but we have had a credit bubble burst and that usually results in a depression. if this is a depression gold will head down too.
 

Steve

Well-known member
if you already have a large stock pile of gold...

obama%2Bgolf.jpg


if not... ouch.. this is gonna hurt..

gold-price-performance-USD.png
 

loomixguy

Well-known member
About 6 months ago I got about 90% of my Nebraska Municipality Retirement Fund transferred over to gold. My broker vapor locked but did what I told him. Nothing but grins since. :D
 

hypocritexposer

Well-known member
loomixguy said:
About 6 months ago I got about 90% of my Nebraska Municipality Retirement Fund transferred over to gold. My broker vapor locked but did what I told him. Nothing but grins since. :D


Step 1) buy gold when a Dem. is President

Step 2) sell gold just before a conservative takes over from a failed Dem. President

Step 3) use gold proceeds to purchase stocks that have hit rock bottom, just before economy takes off again.

Step 4) retire


:D
 

Steve

Well-known member
Gold Prices Jump to New Record Highs on Obama Inauguration

Gold Bullion prices leapt late-morning in London on Tuesday, surging 3% against the US Dollar as the world's media awaited President Barack Obama's inauguration speech in Washington.

Long-dated US Treasury bonds fell sharply, pushing the 30-year yield almost 0.15% higher.

"During the presidential election campaign," notes Andrew Ward in today's Financial Times, "Barack Obama and John McCain argued [over] 'wasteful' government projects such as Alaska's notorious 'bridge to nowhere'.

'Obama now seems to be promising to build bridges and roads to almost everywhere.'

often when looking back.. the predictions didn't seem to far off...
 
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