India just reported to have bought 200 tonnes of Gold from IMF. It should be obvious to anyone out there that Central Banks are salivating over accumulation of gold without setting alight the market.
NADLER SHOULD JUST QUIT WRITING ON GOLD AS HE SOUNDS MORE AND MORE LIKE A FOOL EACH DAY!!
Gold: Relative Performance vs. Currencies [View article]
Think very simplistically - if you're someone loaded with loads of cash (and trust me there's alot of people in many parts of the world sitting on big amounts of cash), where would you put your money?
There aren't that many assets except for gold that survived the 08 meltdown untouched and that's probably why it has gained the attention of the quick minded people this early in 09. Once oil and food prices bounce back up (and you can bet that the wall street analysts will be caught sleeping again!), people will flock out of their 1% deposit accounts for a currency like gold.
Will you then be the 'herd' of general public that queues up to buy $2000/oz gold?
Fair points made above Chief but if you seriously think those 3 economists named above are so dumb, why don't you put your money where your mouth is.
Jim Sinclair (www.jsmineset.com/) is willing to offer you 1 million bucks for your smart advice so why not make some paper money so you can make enough money to buy you rice that will feed you a whole lifetime.
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Latest | Highest ratedGold Is Not in a Bull Market [View article]
NADLER SHOULD JUST QUIT WRITING ON GOLD AS HE SOUNDS MORE AND MORE LIKE A FOOL EACH DAY!!
Gold: Relative Performance vs. Currencies [View article]
There aren't that many assets except for gold that survived the 08 meltdown untouched and that's probably why it has gained the attention of the quick minded people this early in 09. Once oil and food prices bounce back up (and you can bet that the wall street analysts will be caught sleeping again!), people will flock out of their 1% deposit accounts for a currency like gold.
Will you then be the 'herd' of general public that queues up to buy $2000/oz gold?
Gold’s 'Grand' Illusion [View article]
Jim Sinclair (www.jsmineset.com/) is willing to offer you 1 million bucks for your smart advice so why not make some paper money so you can make enough money to buy you rice that will feed you a whole lifetime.