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Gold will continue to trend toward $1,000 by 2015, Nouriel Roubini predicts. Key reasons: Credit...

Gold will continue to trend toward $1,000 by 2015, Nouriel Roubini predicts. Key reasons: Credit crisis risks have subsided; inflation is under control despite QE; investors crave income-generating assets; the "return to the gold standard" argument is dead. (ETFs: GLD, IAU, DGP, SGOL, UGL, PHYS, AGOL, DGL, UBG, DZZ, GLL, DGZ, UGLD, DGLD, DBP, GLDI)
Comments (59)
  • Russ Winter
    , contributor
    Comments (648) | Send Message
     
    Comex and Gold Commitment of Traders Most Bullish in a Decade

     

    http://bit.ly/18Gqud6
    1 Jun 2013, 06:18 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Most bullish in a decade? Not how I read it - this latest short covering rally was somewhat thin, looking at the futures action over the past day or so. The spike up above $1400 was short-lived, and reversed to close at $1388. There was correlation with the selloff in crude and copper, but these correlations converge and diverge and are not sustainable trends, especially between crude and gold; gold can continue to sell off, while crude often hits a rangebound floor and trades sharply higher again; the dixie is also a player in these dynamics, but more strongly anti-correlated to gold. Dixie 86; gold $1200.
    1 Jun 2013, 08:03 PM Reply Like
  • Aristiphones
    , contributor
    Comments (1327) | Send Message
     
    time to throw in "interest rate risk." we'll see if Japan is the kick off to a wave of defaults not seen since the last Asian debt crisis. if so...besides total chaos in East Asia in general i think you'll see the "coup de grace" for growth in Europe....and quite possibly a "causie bellum"...we shall see. heavy metal time folks...
    2 Jun 2013, 03:36 AM Reply Like
  • Joe2922
    , contributor
    Comments (406) | Send Message
     
    I saw an interesting chart posted by Grant Williams in Things that make you go hmmm, the trend in U.S. Federal debt limit correlates with gold closely; when gold falls below that trend it quickly recovers.
    So, it appears that gold price is a near perfect match for the increase/decrease in Fed debt limit. Sometimes it's that simple.
    (gold in dollar terms only)
    2 Jun 2013, 10:17 AM Reply Like
  • Doug Eberhardt
    , contributor
    Comments (2726) | Send Message
     
    Roubini is the same guy who said when gold was at $1,000 it would never go to $2,000 when he was criticizing what Jim Rodgers said about gold. Gold went to $1,900. Here's the proof: http://bit.ly/19zIqrh

     

    Now he says gold won't go to $1,000.

     

    Any bets on where gold will go next?

     

    I see one more dip, then we're off to the races.

     

    Want to see the April low taken out first.
    2 Jun 2013, 02:23 PM Reply Like
  • Rickthegeek
    , contributor
    Comments (118) | Send Message
     
    Gold lower? Yes. Stocks still in play? Yes. Right now, the stocks that have gone straight up in the last few weeks will have a tendency to go straight back down, then find some happy medium and continue to go back up.

     

    Advise: Turn off the talking heads. Don't let them influence good investment decisions.
    2 Jun 2013, 09:22 PM Reply Like
  • hummerh25
    , contributor
    Comments (95) | Send Message
     
    Looks like $1000. Before 2015. All bets were off at $1700. Shorted all the way down.
    1 Jun 2013, 06:18 PM Reply Like
  • rwalton401
    , contributor
    Comments (13) | Send Message
     
    It could happen, but folks have been calling for the death of gold for decades. I do not believe the FED can print trillions of dollars without having some effect down the road. Plus, the dollar will not be strong forever, especially when it is being treated like crap by the people responsible for it. Just make sure that you have the gold and silver you want before the music stops.
    1 Jun 2013, 06:22 PM Reply Like
  • june1234
    , contributor
    Comments (2493) | Send Message
     
    he could be right .I respect the guy .Dont believe the crash in paper gold had anything to do with demand for physical stuff which continues to draw record interest judging by the premiums PM dealers are still getting across the globe. You cant print your way to infinity like every CB on the globe is doing without depreciating its long term value thats for sure ; basic supply and demand .Nobody has ever done it before thats for sure
    1 Jun 2013, 06:31 PM Reply Like
  • Jhalgren
    , contributor
    Comments (98) | Send Message
     
    Unfortunately, Roubini acts as if the world is balanced, okay. It is not. We are in a pause between crises that's all. As an intuitive consumer, I see the market sliding big-time when the debt ceiling must be faced. Meanwhile, all hell could break lose in the Middle East or a Tsunami could hit Manhattan by autumn. Not having gold is like going without auto/home insurance. Keep safe!
    2 Jun 2013, 02:50 PM Reply Like
  • user92718
    , contributor
    Comments (177) | Send Message
     
    Isn't the same guy who predicted the gold bubble will burst 4 years ago and didn't happen yet?
    1 Jun 2013, 06:38 PM Reply Like
  • Uncle Pie
    , contributor
    Comments (2666) | Send Message
     
    At least gold is Something. Paper money is Nothing. If gold is worthless, why do central banks around the world hold so much of it?
    1 Jun 2013, 06:40 PM Reply Like
  • Jean Smith
    , contributor
    Comments (133) | Send Message
     
    Why have anything as good as gold,when you can hold the real thing.As a matter of fact I always give my grand children,and great grand children a gold coin for birthdays,and holidays.I never have to worry about size,or the "parents" not liking my choice.I buy mint sets too, for new borns.No matter how you slice it,there will always be a demand.What say you? With age comes wisdom.
    1 Jun 2013, 06:41 PM Reply Like
  • Jason Burack
    , contributor
    Comments (1718) | Send Message
     
    Roubini is a gold expert all of a sudden? lol
    1 Jun 2013, 06:42 PM Reply Like
  • youngdividend
    , contributor
    Comments (42) | Send Message
     
    I tried telling my friends not to buy at $1600, they didn't listen! I told them instead of buying 5 oz of gold, they should have bought 115 shares of INTC and 115 shares of MDLZ and just hold, get paid dividends and reinvest them.
    1 Jun 2013, 06:45 PM Reply Like
  • WMARKW
    , contributor
    Comments (10241) | Send Message
     
    Youngdividend......ser... You have young friends with enough money ($8,000) to buy gold? I am suspicious?
    1 Jun 2013, 10:24 PM Reply Like
  • whaddyamean?
    , contributor
    Comments (514) | Send Message
     
    Are these the same guys that promised us $2,000/oz gold by the end of 2012?

     

    How long, America?
    1 Jun 2013, 06:58 PM Reply Like
  • solarcircle
    , contributor
    Comments (282) | Send Message
     
    These guys always seem to forget what makes gold fly. As soon as the US starts it's next war in Iran, we'll see quite a spike. And the idea that economies around the world are improving based on something real is ridiculous.
    1 Jun 2013, 07:25 PM Reply Like
  • thrash
    , contributor
    Comments (120) | Send Message
     
    Another day, another expert, another guess. Seems there's just no end to these Fed agents - they're crawling out of everywhere.
    1 Jun 2013, 07:53 PM Reply Like
  • Regarded Solutions
    , contributor
    Comments (15446) | Send Message
     
    I predict Roubini will be wrong.
    1 Jun 2013, 08:18 PM Reply Like
  • 7of9
    , contributor
    Comments (297) | Send Message
     
    Amen to dr. Doom's prediction. Gold has no where but to go down.
    1 Jun 2013, 08:36 PM Reply Like
  • WMARKW
    , contributor
    Comments (10241) | Send Message
     
    Well, then you will be surprised when gold breaks $1700 by the end of July, won't you.
    1 Jun 2013, 10:25 PM Reply Like
  • user92718
    , contributor
    Comments (177) | Send Message
     
    That is very possible to happen BTW!
    You may be surprises that gold price will rebound suddenly.
    Look at the historical act in late 2008.
    2 Jun 2013, 02:24 AM Reply Like
  • user92718
    , contributor
    Comments (177) | Send Message
     
    WMARKW,
    Could you please state why youbelieve gold may break $1700 by end of July?
    I agree with you but I want to find out if we have same thoughts!
    2 Jun 2013, 02:35 AM Reply Like
  • Jhalgren
    , contributor
    Comments (98) | Send Message
     
    Up!
    2 Jun 2013, 02:52 PM Reply Like
  • 7of9
    , contributor
    Comments (297) | Send Message
     
    WMARKW,

     

    I'll bet you $10 bucks gold will be lower by the end of July. We have disinflation and steady and improving economy. Dollar is getting stronger to due to improving US fundamentals and massive printing central banks overseas.

     

    Gold pays no dividend. Don't put your money to work where the yield is zero.
    2 Jun 2013, 07:01 PM Reply Like
  • KenFro
    , contributor
    Comments (388) | Send Message
     
    The USA won't start a war with Iran, they're starting one with US. Besides Obama's pResident. His administration is full of Muslim Brotherhood. He won't do anything to defend us against Muslim fascists, unless it makes him look good..
    1 Jun 2013, 08:43 PM Reply Like
  • bertrandrighi2
    , contributor
    Comments (37) | Send Message
     
    Congratulation KenFro, you keep a proper lookout.
    Add to this, that wht's currently happening, is eventually originating from the US, to sprout out in many other advanced places the World over. Like in Europe for instance, except for a very few exceptions like Denmark, Iceland, Austria, Switzerland, Luxemburg.
    Indeed those countries are real tiny ones among small European countries indeed.
    So if you look over at the Globe, it's not long before you see that more or less it's parted into 3 big shares only: the Chinese, the Muslims, the communists.
    The ethnic group "Caucasian" is an embarrassing one. The Caucasians dispute, claim, disobey, argue, write, speak up loud and clear, long for IMPROVEMENT in any field ( even sometimes the results may prove catastrophic ).
    Til recently they could be controlled by religion. No more...Or at least, very soon no more.

     

    So if the Caucasians cannot be controlled, beter get rid of them.
    ( don't misunderstand me : I AM a Caucasian).

     

    For ampliation you may google the box for : Bilderberg, Illuminati, Islam even...All crave for WORLD DOMINATION...

     

    As the MASSONS ( an other interesting structure ) used to say: "it's everything under your eyes, nothing hidden..."

     

    Thank you for reading.

     

    It is noticeable, that a large Caucasian country is protecting their nationals and culture: I mean RUSSIA, where the religion is one only, and is the extended arm of the political power, like it was in Europe even just 250 years ago...

     

    It is noticeable, the USA that were thought about like the country of LIBERTY, have CHANGED A LOT, since President Obama, the first colored President of the USA, and the first Muslim President came to power.
    And certainly it is NOT only from economic reasons...
    1 Jun 2013, 10:26 PM Reply Like
  • RS055
    , contributor
    Comments (1865) | Send Message
     
    yes the Caucasians - originating from the Caucasus - are excellent at horse back riding and live on mutton soup. Good folks - family oriented.
    1 Jun 2013, 10:52 PM Reply Like
  • physdude
    , contributor
    Comments (114) | Send Message
     
    Good comeback to the rotting trip above. :)
    2 Jun 2013, 01:14 AM Reply Like
  • physdude
    , contributor
    Comments (114) | Send Message
     
    Should be tripe, not trip
    4 Jun 2013, 02:36 PM Reply Like
  • positivethoughts
    , contributor
    Comments (1809) | Send Message
     
    I dont see Gold at $1000. Inflation is runing at about 6% per year right now and all governments are starting to print like crazy. How does gold not appreciate when Japan and America have more dept than GDP and they are running 6 - 10% yearly deficits?
    1 Jun 2013, 09:10 PM Reply Like
  • RS055
    , contributor
    Comments (1865) | Send Message
     
    yeah- lets all base our trades on an Academic - who gets paid by NYU, probably gets paid for speeches at Davos. That kind of thing. The best way to understand any animal is to ask - " how does it make a living?".
    1 Jun 2013, 09:48 PM Reply Like
  • PeakOiler
    , contributor
    Comments (292) | Send Message
     
    Gold has dropped for no other reason than it's been in a bubble, and all bubbles deflate. More to come. Stock market is about to deflate too, with a multi month drop to begin later this month. Underlying reason for these deflations is that there is little growth in the world, with consumer demand bumping along at continued diminishing levels. This won't end anytime soon as the world needs to work through the the large cohort of baby boomers who are now moving into old age, retirement, much lower productivity and much reduced consumer needs. One sector that will benefit will be health care. Deflation is here!
    1 Jun 2013, 10:26 PM Reply Like
  • WisPokerGuy
    , contributor
    Comments (777) | Send Message
     
    I'm sorry. I don't agree. As long as the Fed is basically putting a floor under the stock market by injecting money into the financial system, I cannot agree with any of the doomsday scenarios you wrote above. Frankly, I think anyone who has not been playing the stock market from the long side (meaning months not days) over the last 4 years has missed a once in a lifetime opportunity. And Mr. Bernake has demonstrated over and over again that he will not risk any kind of prospective deflation risk. Zero.

     

    So, while you may think I'm wrong, I've made a lot of money in the last 4 years following that thesis. I've been saying these same things since May 2009 and I will continue to believe this to be true it until proven otherwise. So far, I haven't been. What you wrote above is conjecture which is unproven by past Fed actions.
    2 Jun 2013, 01:47 AM Reply Like
  • philais
    , contributor
    Comments (193) | Send Message
     
    ...and yet gold stocks were up 7% last week even though gold was down.
    1 Jun 2013, 10:33 PM Reply Like
  • donaldchi@live.com
    , contributor
    Comments (29) | Send Message
     
    Is inflation really under control? By which statistics?
    1 Jun 2013, 10:41 PM Reply Like
  • CanadaPhil
    , contributor
    Comments (68) | Send Message
     
    That "gold at $1000" makes no sense. The cost to mine gold at most places is already way above that. Beside, we can only make a wild guess at where gold is heading for this year, so to know about 2015 you may as well guess numbers by reading tea leaves.
    2 Jun 2013, 12:41 AM Reply Like
  • WisPokerGuy
    , contributor
    Comments (777) | Send Message
     
    Roubini is the same guy who predicted the end of the financial world in 2009. Wrong. He predicted major financial banks in the US would fail in 2010 even after TARP. Wrong again. Then he predicted a stock market collapse due to fiscal tightening. Wrong once more. Now he gives us this "bold" prediction, right?

     

    I have no idea what the price of gold will be in a year, however, I do have a question:

     

    Why does anyone pay attention to this FOOL anymore?
    2 Jun 2013, 01:37 AM Reply Like
  • King Rat
    , contributor
    Comments (565) | Send Message
     
    Hence the nickname Dr Doom or Dr Gloom or Dr Gloom & Doom or whatever. He's kind of like a Marc Faber, Peter Schiff, or Jim Rogers but with the opposite view of commodities.

     

    Nice straw man reasons for his prediction, most notably regarding the gold standard. Nobody with any influence had any inclination of re-instituting the gold standard and furthermore, a gold standard would more or less fix gold's value meaning it would be bearish for gold long term.

     

    Yawn. Faber and Roubini should duke it out in private and stop spilling their hot air on commodities with the same tired and disproven theories.
    2 Jun 2013, 03:15 AM Reply Like
  • Sebastian Jylanki
    , contributor
    Comment (1) | Send Message
     
    Interesting, can you provide some sources?
    2 Jun 2013, 03:31 AM Reply Like
  • Invest in yourself
    , contributor
    Comment (1) | Send Message
     
    Need a reason to buy physical gold. Check this out!

     

    http://bit.ly/12XBjE7
    2 Jun 2013, 03:47 AM Reply Like
  • Jake2992
    , contributor
    Comments (825) | Send Message
     
    Gold bugs have done extensive research. They watched almost 4 hours of youtube videos!!
    2 Jun 2013, 02:23 PM Reply Like
  • Max9876
    , contributor
    Comment (1) | Send Message
     
    "I dont see Gold at $1000. Inflation is runing at about 6% per year right now and all governments are starting to print like crazy. How does gold not appreciate when Japan and America have more dept than GDP and they are running 6 - 10% yearly deficits? "

     

    Very simply the Fed will allow interest rates to rise to fight inflation. Interest rates can't stay low indefinitely. When they do, precious metals will fall. These two are inversely correlated. When, that I do not know.
    2 Jun 2013, 08:05 AM Reply Like
  • positivethoughts
    , contributor
    Comments (1809) | Send Message
     
    They cant allow interest rates to rise because the governments wouldnt be able to pay their debts if such a situation happened. Interest rates will stay artificially low for a long time.
    2 Jun 2013, 06:27 PM Reply Like
  • Pffffft
    , contributor
    Comments (5) | Send Message
     
    Yes, inflation is very much under control when one doesn't count daily use items. When one does count daily use items inflation is about eight percent per year. The new, "improved," government inflation calculation will now start substituting cheaper products (hamburger price for steak price) as prices climb. Gubment: "Yep, no inflation - they can still afford to eat. They are now eating rice instead of steak because of the price increases of steak but they can still afford to eat. No inflation here..."
    2 Jun 2013, 08:07 AM Reply Like
  • Longboat
    , contributor
    Comments (11) | Send Message
     
    I bought a life insurance policy and it has not paid off yet. I don't even get dividends. You can never sell at the top or buy at the bottom. Our government is slowly unraveling just don't know when !
    2 Jun 2013, 08:11 AM Reply Like
  • PhilosopherStone
    , contributor
    Comments (44) | Send Message
     
    Gold has all of the same properties Silver has (with ten times the punch), and can be used in electronics the same way. We could even build a car or a building out of gold. When space travel becomes necessary, gold will hold much much more value than sentiment. They will need a metal that will last, well, forever. It never rusts, never tarnishes, and can keep itself cool by reflecting the sun's rays away from it (even at close range). Elon Musk will need it, for example.
    2 Jun 2013, 08:13 AM Reply Like
  • pantherman
    , contributor
    Comments (3) | Send Message
     
    Track new comments on this storyThis news story has 10 comments:All (10) Author's Picks () Register or Login to rate comments ยป Russ Winter Comments (482) Comex and Gold Commitment of Traders Most Bullish in a Decade

     

    http://bit.ly/18Gqud6 1 Jun, 06:18 PM Reply Like 0 hummerh25 Comments (30) Looks like $1000. Before 2015. All bets were off at $1700. Shorted all the way down. 1 Jun, 06:18 PM Reply Like 0 rwalton401 Comments (7) It could happen, but folks have been calling for the death of gold for decades. I do not believe the FED can print trillions of dollars without having some effect down the road. Plus, the dollar will not be strong forever, especially when it is being treated like crap by the people responsible for it. Just make sure that you have the gold and silver you want before the music stops. 1 Jun, 06:22 PM Reply Like 0 june1234 Comments (948) he could be right .I respect the guy .Dont believe the crash in paper gold had anything to do with demand for physical stuff which continues to draw record interest judging by the premiums PM dealers are still getting across the globe. You cant print your way to infinity like every CB on the globe is doing without depreciating its long term value thats for sure ; basic supply and demand .Nobody has ever done it before thats for sure 1 Jun, 06:31 PM Reply Like 0 user92718 Comments (46) Isn't the same guy who predicted the gold bubble will burst 4 years ago and didn't happen yet? 1 Jun, 06:38 PM Reply Like 0 Uncle Pie Comments (1605) At least gold is Something. Paper money is Nothing. If gold is worthless, why do central banks around the world hold so much of it? 1 Jun, 06:40 PM Reply Like 0 Jean Smith Comments (23) Why have anything as good as gold,when you can hold the real thing.As a matter of fact I always give my grand children,and great grand children a gold coin for birthdays,and holidays.I never have to worry about size,or the "parents" not liking my choice.I buy mint sets too, for new borns.No matter how you slice it,there will always be a demand.What say you? With age comes wisdom. 1 Jun, 06:41 PM Reply Like 0 Jason Burack Comments (857) Roubini is a gold expert all of a sudden? lol 1 Jun, 06:42 PM Reply Like 0 youngdividend Comments (22) I tried telling my friends not to buy at $1600, they didn't listen! I told them instead of buying 5 oz of gold, they should have bought 115 shares of INTC and 115 shares of MDLZ and just hold, get paid dividends and reinvest them. 1 Jun, 06:45 PM Reply Like 0 whaddyamean? Comments (480) Are these the same guys that promised us $2,000/oz gold by the end of 2012?

     

    How long, America? 1 Jun, 06:58 PM Reply Like 0 User 12583111 Comment (1)I hope he is correct as I will buy every ounce I can afford because eventually it is the only currency that will have value. Hundreds of currencies have completely failed but not gold. It, like all investments, trends up and down over time. But it has enabled owners of gold to survive country collapse, currency devaluations, untenable inflation, bankruptcy, bank failures, depressions and enabled them to escape to safe environments. But you need to have it in your possession. An ETF is just paper and when those events happen and they will, as they always have, do you think your gold will be there for you and do you believe you can get your hands on it? I doubt it.
    2 Jun 2013, 08:14 AM Reply Like
  • pantherman
    , contributor
    Comments (3) | Send Message
     
    I hope he is correct as I will buy every ounce I can afford because eventually it is the only currency that will have value. Hundreds of currencies have completely failed but not gold. It, like all investments, trends up and down over time. But it has enabled owners of gold to survive country collapse, currency devaluations, untenable inflation, bankruptcy, bank failures, depressions and enabled them to escape to safe environments. But you need to have it in your possession. An ETF is just paper and when those events happen and they will, as they always have, do you think your gold will be there for you and do you believe you can get your hands on it? I doubt it.
    2 Jun 2013, 08:15 AM Reply Like
  • winningtrader
    , contributor
    Comments (2476) | Send Message
     
    Short term gold can move up and down. Fundamentals are super bullish but if the price goes to $1000 and stays there, almost all gold miners will go bankrupt as the cost of mining is higher (for some miners it is above $1500 per ounce) and gold supply will collapse. Then prices will go up dramatically. Given the paper trading on the Comex, prices can be volatile but the FED needs to be careful because the more they manipulate the Comex, the more the physical market will take over and eventually nobody will even look at the Comex fake action. Every new intervention gets us closer to that point and then the FED will totally lose control of the price.
    2 Jun 2013, 03:38 PM Reply Like
  • KenFro
    , contributor
    Comments (388) | Send Message
     
    Once I finally learned how this game works, I just monitor all the gold-related articles/comments. When everyone's crowing about how gold's going to the moon immediately, if not sooner, I know it's time to hold or sell. When they start looking mostly negative, I buy. (It's getting close.) When they become overwhelmingly negative, I buy a lot. When they become armageddon-like in negativity, I'll back up the truck.
    2 Jun 2013, 06:20 PM Reply Like
  • Rickthegeek
    , contributor
    Comments (118) | Send Message
     
    Warren Buffet is that you in disguise? "Be fearful when others..... you know how it goes.
    2 Jun 2013, 09:32 PM Reply Like
  • tsajames
    , contributor
    Comments (51) | Send Message
     
    Thanks KenFro, I am with you and doing the same. I learned in this game to ask yourself, what's in it for these guys to make this predictions. The best way to understand the market is to realize they do the opposite of what they say. Excellent comments.
    3 Jun 2013, 06:58 AM Reply Like
  • KenFro
    , contributor
    Comments (388) | Send Message
     
    If it was, I'd take a good chunk of my billions and buy a big chuck of that infamous "cube" he invented.
    3 Jun 2013, 12:22 AM Reply Like
  • tkelly99
    , contributor
    Comments (11) | Send Message
     
    During the recent drop in gold prices buying in Asia and India of physical metal took off -- as the price drops in USD terms, these buyers will snap up as much physical old as they can get their hands on . . . .
    3 Jun 2013, 01:37 AM Reply Like
  • tsajames
    , contributor
    Comments (51) | Send Message
     
    Dr. Doom and Gloom, it sounds like they are paying him off. You know, China, India, and Russia to say the least are laughing at us. While we predicting gold prices to fall to $1,000.00, they are buying like crazy. I don't understand the logic behind the so-called experts saying gold is going to fall even more. There is absolutely no demand for paper. Yet, the asset that has and will be around long after we are gone is still being shorted. How can these countries be smarter at investing than the most powerful nation in the universe.
    3 Jun 2013, 06:55 AM Reply Like
  • user92718
    , contributor
    Comments (177) | Send Message
     
    Iam selling my physical and paper gold and silver and buy all kind of stocks. I guess gold and silver are in a bubble and will go to zero while stocks are undervalued and will go up crazy.
    Oh! forgot the economy is very good, unemployment is very low,
    debt is so low man!
    Inflation is not on the way!
    IF YOU BELIEVE ANY OF WHAT I MENTIONED IS TRUE, THEN SELL /SHORT GOLD AND SILVER.
    IF NOT GIVE ME "LIKE".
    enough!
    4 Jun 2013, 05:40 PM Reply Like
  • KenFro
    , contributor
    Comments (388) | Send Message
     
    Dr. Doom-kopf can believe what he wants, but I'd rather hold gold at $1000/oz instead of paper which can be printed to infinity and beyond. The current political scandals are just the tip of the iceberg as far as what they have planned for us. I fear for my nation.
    7 Jun 2013, 11:36 PM Reply Like
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