I’m glad my grandfather bought me a little gold when I was born as opposed to stocks. I just wish I hadn’t gotten so many thirty year bonds. By the time I can cash them out they’ll be play money.
remember that those dollars will be inflated dollars, it doesn’t mean the gold will be worth more.
ping
Ahh.. the money line. Of course.
I’ll bet he sells before $2400 and laughs when the price plummets.
That’s because you read too much from blogs whose purpose for existance is to scare you into investing in whatever they are pushing or getting kickbacks from.
Who is John Paulson, btw?
They’re just getting scared NOW? I’ve been terrified since 2008.
BTW, why would anybody who thinks gold is going to double in the near term TELL YOU?
Unless, of course, they are already fully invested, and now just need enough new buyers to drive the price up so they can sell later.
Just imagine the day that it gets announced that a major gold hawk has sold off their gold.
Believe in Him and His divine Providence. It seems to work for my family. Of course, you are expected to pull your weight, so to speak. just a bit of Christian insight.
Paulson is very sharp. He shorted the whole housing this. He, Soros, JC Flowers and others helped elect Obama with the short/bear attack in the late summer of 2008.
Neither do I. But the uncertainty is one reason I don't want to see Republicans win BOTH house of Congress this year. We can slow/stop the progress toward total disaster with one house. Two will not help and will give Obama and the rats too easy a target to blame in 2012. Keep it at one and finish the job with Congress and the President in 2012.
Ok, here’s my question. If gold is going to be the substitute for currency as they claim, then why would those selling gold take the worthless currency for it?
Jim Rogers was saying over a year ago that there were going to be food shortages and commodities were going to be precious. He also recommended buying farmland and just recently another money guy was recommending the same thing.
I’ve been watching the commodities lately and it is amazing how much they have gained but I don’t know if it is money games or if companies are actually taking delivery of the product.
Gold *may* skyrocket, but not because of inflation. Money simply has to have a place to go, and stocks and houses may not be where money wants to be.
That leaves government bonds, with states defaulting on them in the near future, and federal bonds, with the Treasury not leaving any unpurchased for the private market to buy.
Well, if you rule out stocks, bonds, and real-estate...not a lot of options remain for Big Money.
So because of the above, gold may increase even while housing, salaries, and stocks all fall in value.
Yes Virginia, gold can increase in price during deflation. In fact, this happened in 1933.