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  • Gold Is Still A Buy 0 comments
    Aug 4, 2009 11:08 PM | about stocks: GLD

    With the economy still sputtering, the good news is the many econmists are predicting it to rebound by the end of year. One person I highly trust who predicted everything is Professor Nouriel Roubini who predicted it all when the naysayers were laughing.

    Roubini hints to a recovery by end of year then back to a dip or recession because of the reckless spending by President Obama and Bush. The amount of money the government is borrowing is not only insane but unethical because paying it back will be difficult if not impossible.

    So what does this have to do with Gold? 

    Well historically as the dollar has deflated, Gold has increased. Today, Bloomberg reported the dollar has reached a 2009 a low. The dollar will continue to fall as big government politicans believe that the Feds can do everything and pay back everything.

    GLD is a buy.


    Stocks: GLD
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StockTalks

  • Still holding Gold, Silver,and Oil. As the dollar continues to weaken this will hedge your risk in holding dollars.
    Nov 18, 2009
  • Trading silver now actually
    Oct 1, 2009
  • I am looking at silver as an addition to Gold. GLD has plunged recently but the time to get in now as it will continue to go higher.
    Aug 19, 2009
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