EMS

12 Reasons to Short Gold

100 % Correcto.


On Feb 11 03:43 PM mr freddo wrote:

> Thanks for a great article. I get nervous when there is no one speaking
> for the other side.
>
> In the long run, the author will be proven correct. Gold will eventually
> drop from its highs as the world economy starts chugging again. But
> while the author predicts a light ride and a quick turnaround with
> gold retreating from current prices, I predict a long depression
> of at least 5 years with gold reaching $5000 per ounce before retreating
> from that high.
>
> It will take years for this economy to unwind and then, finally,
> start to recover on a new base. Earnings will be dismal for many
> quarters and the banks will continue to lose unbelievable amounts
> of money. The Commercial Real Estate Market will fall apart later
> this year as will consumer debt. Derivatives will turn billion dollar
> losses into trillion dollar losses. The government will continue
> to stimulate to no avail. Federal debt will skyrocket, as will interest
> rates. The dollar will decline and inflation will roar.
>
> But gold will hold its value through it all.