While I can still buy a flat panel tv using dollars at my local dealer, I sincerely doubt they'll accept cow's ears in trade (not even if it's pickled!)
>>>"..., 16 of 24 analysts surveyed by the London Bullion Market Association believe gold will reach a minimum of $1,032 per ounce this year. As we all know, analysts’ track records are deplorable. Instead of just ignoring them, why not bet against them? The odds are definitely in our favor.....<<<
Analysts that I had followed over the last few years like Peter Schiff and others had always maintained gold will rise and they have been correct.
Of course, there's the majority of 'chicken little' analysts over the last few years who bleated that gold will sink into the sewers and the dow and housing will skyrocket 4ever. I usually bet against them and win nearly all the time. The track record speaks for itself.
Latin America, as well as parts of Europe, has been leaning "left" for the last few years. This bodes well for gold since that group favors environmental restrictions on gold mining. In Romania, for example, some ancient communities sitting on gold deposits refuses to be bought out by mining interests, and the government there doesn't seem to be taking sides. This only helps limit supplies and forces the existing above ground gold prices to rise even further.
7 Myths About Gold Debunked: Bubble Warning; $600 Target? [View article]
Gold: The Only Remaining Bubble? [View article]
Gold: The Only Remaining Bubble? [View article]
What Gold Price Is Telling Us About World Markets [View article]
12 Reasons to Short Gold [View article]
Right now we're less than 90 dollars away from that target.
I believe you must know the number of analysts who predicted gold will plummet below 500 dollars by this time, eh?
12 Reasons to Short Gold [View article]
Analysts that I had followed over the last few years like Peter Schiff and others had always maintained gold will rise and they have been correct.
Of course, there's the majority of 'chicken little' analysts over the last few years who bleated that gold will sink into the sewers and the dow and housing will skyrocket 4ever. I usually bet against them and win nearly all the time. The track record speaks for itself.
Gold Loses Its Shine [View article]
Sure. there's plenty of room in my closet to store a few hundred bushels of corn and a hundred or so barrels of oil in my bedroom closet.
Five New Forces to Drive Gold Higher [View article]
Did it look so obvious that the U.S. took them for suckers that they had to act now?
Why I Got Gold Wrong [View article]
Citigroup Remains Bullish on Gold [View article]