Posted on 05/11/2010 6:04:58 AM PDT by blam
Gold Is On Fire, As Market Sneers At Euro Bailout
Joe Weisenthal
May. 11, 2010, 8:14 AM
Along with the overall market malaise, the other big warning sign right now is the gold surge. The metal is now nearly $1220/oz. As Stacy Herbert puts it: The gold vigilantes are in a shootout with the ECB and the Fed.
(Excerpt) Read more at businessinsider.com ...
silver, too. meh
I had planned to go shopping today.
:(
PM ping
I’m glad now that I went on a gold jewelry buying spree of sorts the last few years. It’ll be a while before we’ll be able to buy anything of decent weight or quality in a piece of fine jewelry.
strap on your seat belts everybody, interesting times are coming
It is ugly out there, which only push up gold price for now.
“The gold vigilantes”
What the heck is a gold vigilante?
They’ve set their template.
Capitalism is a Risky Scheme and cannot be relied on.
You might as well go to Vegas and lay your money down on the craps table (except that Obama told everyone not to go to Vegas...)
Euro bailout is on fire because Great Britain is in election turmoil and no one is in charge and willing to commit tens of billions to this bailout. Angela Merkel also had some setbacks
Euro bailout on fire= AU on fire
Me too, I’ve had some silver in my shopping cart for a week or so waiting for the price to drop. lol, it’s up almost 2 bucks in the last week!
As Stacy Herbert puts it: The gold vigilantes are in a shootout with the ECB and the Fed.>>>>>>>>>>>
If that ain’t true nothing is
Hoo boy. Here we go. They never learn.
Government is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink. -Ludwig von Mises
bump and ping
I knew I needed a metal detector. I’ll read the directions this weekend and go to the beach the next. Lord knows I can’t afford to buy any more. If I find anything, if there is an inscription, I will make my best effort to return it.
It’s only a matter of time until that bubble goes “POP!!”.
the ‘pop’ would be the propping up of the socialized economy by the progressives.
if you think there are no problems with what the progressives have done with the finances of the country, go research the tail end of the USSR... and pay particular attention how long it took to go from world super power to dissolved... and why.
Profound!
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