Monday, November 23, 2009

CNBC Predicts $50,000 Gold

...guest says it can't go down.

Need I say more?

6 comments:

  1. I've been predicting 2k gold for some time now...which I believe it will go within the next 6 months.

    However, 50k gold...who would be the buyers of 50k gold? Banks? People?

    Only way I see it happening is if some gold ETF get audited and surprise...no gold there!

    If that is the case gold could spike uncontrollably.

    ReplyDelete
  2. Link to the story?

    ReplyDelete
  3. Substitute "predicts $200 barrel oil" in July 2008 and it has a somewhat familiar (albeit golden) ring to it. Can the outcome be much different?

    Must, resist, tempatation to throw maximum short.

    ReplyDelete
  4. That's right and I called the top in oil way too early at $135/br, too. But physics does apply, the dollar supply is plummeting faster than ever before.

    0% to negative % interest rates, and a 20 month raging bull market in the US dollar prove it.

    It is a carbon copy of 1929-1932 but on a much grander and longer time scale.

    ReplyDelete
  5. This is one tough bull.

    I keep thinking of the picture you posted not to long ago.

    ReplyDelete
  6. You should have Cashzilla take a bow once a month.

    The pic of Cashzilla Rocks !

    ReplyDelete

The USA's political-economc system is best described as:

On Nov 2, 2010, I plan to vote (FOR or AGAINST) my incumbent congressman

 
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