To: TigerLikesRooster
People are running, in a panic, to gold for a safe haven. The price of gold will drop as investors pull their money out, take their profits, and move onto oil which is primed and ready to go right now.
5 posted on
02/19/2009 3:18:03 AM PST by
RC one
To: RC one
Maybe so but that day is a ways off yet. The Dow/Gold ratio still has a way to fall, IMHO.
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6 posted on
02/19/2009 3:21:42 AM PST by
wastoute
(translation of tag "Come and get them (bastards)")
To: RC one
Divest gold and invest in oil? Personally I'd much rather carry an ounce of gold than a barrel of oil.
Also, I don't believe people are in a panic. They're simply sobering up and obtaining REAL money - gold and silver. IMNSHO
7 posted on
02/19/2009 3:30:39 AM PST by
1_Of_We
To: RC one
“People are running, in a panic, to gold for a safe haven.”
Yes, and it is on paper.
On another forum, I see a DU type kid bragging that
he is sitting on sacks of gold.
Well, what does one do with sacks of gold?
After the current dust settles, what will it be worth?
9 posted on
02/19/2009 3:34:55 AM PST by
AlexW
(Now in the Philippines . Happy not to be back in the USA for now.)
To: RC one
....The price of gold will drop as investors pull their money out,......
With the unheard of increase in the money supply continuing, the price of gold will continue to rise in the coming masssive inflation.
25 posted on
02/19/2009 4:40:12 AM PST by
bert
(K.E. N.P. +12 . The original point of America was not to be Europe)
To: RC one
The ratio is currently below 8, and has a long way to fall and historically, it stays down for a good while.
30 posted on
02/19/2009 5:10:15 AM PST by
Travis McGee
(www.EnemiesForeignAndDomestic.com)
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