Joe Average does not have $1000 for 1 oz of gold he will not have $5000 if it runs to that point. His 350K house will fall to 160K before his 1 oz of gold doubles. To protect your net worth you need to cash out of everything ( good luck selling the family home today )
On Jun 19 08:12 AM doubleguns wrote:
> "There is a wild card in the price of gold, though: China. If it > decides to switch partially from owning US Treasuries to owning gold, > the price of gold will skyrocket." > > And the Chinese are looking for another 80 bil in gold as well as > putting gold in a new reserve currency along with the Russians. > > > Open your eyes.
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Joe Average does not have $1000 for 1 oz of gold he will not have $5000 if it runs to that point. His 350K house will fall to 160K before his 1 oz of gold doubles. To protect your net worth you need to cash out of everything ( good luck selling the family home today )
Jun 20 17:30 pm
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All Comments by KIT »5 Reasons to Avoid the Gold Rush [View article]
On Jun 19 08:12 AM doubleguns wrote:
> "There is a wild card in the price of gold, though: China. If it
> decides to switch partially from owning US Treasuries to owning gold,
> the price of gold will skyrocket."
>
> And the Chinese are looking for another 80 bil in gold as well as
> putting gold in a new reserve currency along with the Russians.
>
>
> Open your eyes.