Business Insider is the liberal Democrat version of IBD, right?
Therefore, they cannot be trusted.
Buy gold.
'the U.S. economic recovery finally takes off in 2013' Thanks for the laugh. The world has changed. The chickens are coming home to roost for a while.
Gee...Goldman wouldn’t have an ulterior motive for this sound advice, would they?
I don’t suppose crude oil will go to $65 or $70?
Well, at least they didn't base their thesis on space aliens.
U.S. economic recovery finally takes off in 2013...
Okaaaay...
Beyond real interest rates, fluctuations in the monetary demand for gold also exert an influence on gold prices. Our forecast currently embeds physical gold demand from ETFs and central banks growing in 2013 at the 2009-2012 pace, with ETF purchases slowing in 2014.
Beyond real interest rates? Real interest rates!? What real interest rates? Selling T-bills to the Fed. Yeah, that's the ticket. QE infinity will take care of that, right?
Purchases of real gold slowing in 2014, right? And Germany wants it's gold back?
Okaaay.
I'm going to sue VCU for teaching me macro economics all wrong. My degree is worth poop, apparently.
Bottom line, the Goldman analyst contradicts himself more than 0bama does.
5.56mm
If they are successful in accomplishing that strategy, then they will BUY UP all the available gold and when the SHTF, and gold rises dramatically, they'll be in "high cotton."
I’ve seen some folks saying that increased drilling and oil and gas production (Bakken, Eagle Ford, etc etc), done in spite of the current president, is going to drive an economic turn-around which he will take credit for.
While I’ll be glad for any prosperity it will annoy me to see him get the credit. Something like watching him do a photo-op in Cushing taking credit for the Keystone at the same time he was trying to kill the project.
LOL! This is satire, right? If gold goes to $1200, I’ll eat my shorts. But in any case, to all who can afford to buy, BUT IT if it does.
I thought Goldman did something like this before. They said that real estate derivatives were the way to go in 2007, meanwhile they shorted them just before the crash.
The dollar and all fiat currencies are the real bubble.
While gold is going down, I'd move my ever more worthless dollars into gold.
Please note that -- soon -- dollars won't be "money."
What, for instance, is a Confederate Dollar really worth today?
Suuuure I believe this..! Oh man, what a laugh.
You know what the pattern was in the Japanese collapse?
They screamed LOUDER and LOUDER that the retrenchment was OVER as things sank down into Davey Jones’ Locker —more and more shrill, all the time.
I see the same thing happening in the USA, now.
Goldman owned the best information about the bad shape of securitized mortgages EVEN AS THEY SOLD THEM TO OTHERS. And it made sense, since they also SHORTED them, on the other side.
Why would they not do THE SAME to others now, hmmm...?
They’re just acting the same, here —no surprise.
During the last two administrations, the only consistent relationship I've seen with gold is the value of the dollar: the less the dollar is worth, the higher the price of gold.
It may not be very scientific and no doubt there are sound economic reasons (fear being one) for this apparent inversely proportional relationship, but as an informal guide it has been a helpful tool.
They’re going to keep luring in the suckers, and then pull out the rug....Bet the rent.
Getting ready to start buying gold again!
Can’t see it happening though. There is no recovery, nor is any recovery possible; the now 47 trillion total sovereign debt (and climbing) makes recovery impossible.
It's also timely for the Fed as well now they have to stop hypothecating all that gold they have to send back to Frankfurt. Line up all you muppets and get rid of that barbaric relic.
The cynic in me says Treasury needs lower gold for German repatriation and toadies are paving the way.
The realist in me agrees, it’s pricey, people are tapped and unable to pay the freight to move fuether into PM, they’re having to spend reserves for living expenses. That leaves institutional and sovereign investment. They can move the needle and they’re telegraphing that intent for some odd reason.
And so, back to the cynical, lol.
They didn’t bother mentioning which currency they were referring to with the $1200 prediction. I know it wasn’t the US Dollar (of course), maybe Australia, or New Zealand?