Monday, November 23, 2009

CNBC Predicts $50,000 Gold

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

Need I say more?


  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 gold there!

    If that is the case gold could spike uncontrollably.

  2. 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.

  3. 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.

  4. This is one tough bull.

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

  5. You should have Cashzilla take a bow once a month.

    The pic of Cashzilla Rocks !


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