ilovehaters

SPDR GLD ETF Unloads 79 Tons of Gold - Should Investors Follow Suit?

And maybe the housing crisis will end, the banking system will be fixed and the tooth fairy will leave a big dime under all the doller bulls pillows. Talk about a fantasy world. The Russian, Chinese and the Saudis have been buying massive amounts of gold and silver....one reason for the shortage and will soon introduce thier new currencies backed by PMs! It's what the US used to back the dollar on, before the Federal Reserve and fiat money backed by this air, which is where the USD$ is headed. All fiat money rallies just before its death....look at history. Any idiots investing in USD's will find themselves like the Germans did after WWII, using huge bundles to stoke the fires to stay warm. The US will habe no choice but to abandon the dollar and start fresh with a currency back by real money, for 1000 years....and guess what that will be.

SPDR GLD ETF Unloads 79 Tons of Gold - Should Investors Follow Suit?

Yes....all bail and drive the PM price even lower. That's what I'm counting on as history has shown that any major corrections always shake out the faint of heart. When I was in high school gold was $35 an oz. If I didn't spend all my money on beer and women back I would have bought gold and silver. Look back five years, all you naysayers at what PMs were selling at and yes....listen to guys like Amberger and SELL....don't wait. The dollar will continue up, despite all logic and oil will keep going down, maybe $20 a barrel, peak oil, rubbish. SELL!!!