Quote:
Originally Posted by zorgon
Warned people I did that fall gold would 
Happened before in the eighties
Its a good thing for the people bad for Gold Speculators
It may even mean the end to gloom and doom for 20 years...
As I said Happened before |
No way!
You can't compare with the eighties. The debt situation and financial crisis is so much bigger than the problems we had at that time.
Fact is there is no physical gold and silver available anymore all over the globe. And when something is not available anymore and people still continue to try buy but don't get it, there is no logic behind, that in the same time such a price goes down, definitely not like this!
We will run out of gold and silver within the next 15 to 25 years....$
SO PEAK-GOLD and PEAK-SILVER
When all the rescue plans fail, people will start loose confidence in governments and currencies like USD and EURO.
By the way: Goldprice in EUR reached new all-time-high last week and Goldprice in YEN is at its highs as well.
The thing today is, that there so much bullsh.....g and manipulation going on, that just because the goldprice is trading below 800 today this does not mean that the truth is reflected in this price!
Lets wait until COMEX goes default, or those manipulation gets investigated.
And look, they want to come up with a new Dollar called AMERO! Investors will only have trust into AMERO, if it will be gold-backed like in the good old times before Nixon!
Cheers, silverman