Dollar Rally Won't Last Forever; Don't Give Up on Gold [View article]
Gold has more going for it than not going for it IMHO. Our economy is in trouble, more so than across the ocean. China has a surplus and just 1% reserves in gold. Matter of time before they start diversifying out of the treasuries. I could go on and on here on the "fundamentals", but the bottom line is that Buffett, Jim Rogers, Ken Heebner, & Stephen Leeb are all basically short the dollar and long commodities. I'm not the smartest guy in the world, but I know not to bet against these guys...
-
Gold has more going for it than not going for it IMHO. Our economy is in trouble, more so than across the ocean. China has a surplus and just 1% reserves in gold. Matter of time before they start diversifying out of the treasuries. I could go on and on here on the "fundamentals", but the bottom line is that Buffett, Jim Rogers, Ken Heebner, & Stephen Leeb are all basically short the dollar and long commodities. I'm not the smartest guy in the world, but I know not to bet against these guys...
Aug 15 00:25 am
|Rating:
0
0
All Comments by JBP »Dollar Rally Won't Last Forever; Don't Give Up on Gold [View article]