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To: dangus
Gold is super-hot right now because we have monetary hyperinflation being masked by economic deflation; If we do a Greenspan-Reagan maneuver to pull out of this death spiral, you’ll see a spike in unemployment and interest rates... but then somehow, but a crash in gold. But then your stocks will start taking off, and if you rebalance your portfolio frequently, you’ll have taken your profits from gold already.

How's that working out for ya? Down cratering and gold about to pierce $1700...
63 posted on 08/07/2011 6:59:36 PM PDT by dollarbull (why are paperbugs so bad at history?)
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To: dollarbull

Did you miss the conditional? I wrote “IF” we do a Greenspan-Reagan maneuver. We’re continuing to print money to cover our expenses, and we’re continuing to economically crater. That means my advice, as cited by you, means to stay in gold.

But just watch out: when you see Washington successfully reverse quantitative easing, instead of inventing new ways of perpetuating it, then you’ll have your signal to sell your gold and switch to stocks.

I’m thinking it’s probably pretty safe to stay in gold until after the 2012 elections.


64 posted on 08/08/2011 7:13:07 AM PDT by dangus
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