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I don't know what to believe anymore.
1 posted on 09/28/2010 12:34:22 PM PDT by blam
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To: blam

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.


2 posted on 09/28/2010 12:37:00 PM PDT by utherdoul
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To: blam

remember that those dollars will be inflated dollars, it doesn’t mean the gold will be worth more.


3 posted on 09/28/2010 12:37:24 PM PDT by GeronL (http://libertyfic.proboards.com <--- My Fiction/ Science Fiction Board)
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To: blam

ping


4 posted on 09/28/2010 12:37:33 PM PDT by unkus
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To: blam
Lastly, he noted that 80% of his assets are denominated in gold.

Ahh.. the money line. Of course.

5 posted on 09/28/2010 12:37:59 PM PDT by ScottinVA (The West needs to act NOW to aggressively treat its metastasizing islaminoma!)
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To: blam

I’ll bet he sells before $2400 and laughs when the price plummets.


6 posted on 09/28/2010 12:39:32 PM PDT by Seruzawa (If you agree with the French raise your hand - If you are French raise both hands.)
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To: blam

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?


8 posted on 09/28/2010 12:39:53 PM PDT by CharlesWayneCT
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To: blam

They’re just getting scared NOW? I’ve been terrified since 2008.


9 posted on 09/28/2010 12:41:16 PM PDT by Silentgypsy
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To: blam

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.


10 posted on 09/28/2010 12:41:42 PM PDT by CharlesWayneCT
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To: blam

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.


12 posted on 09/28/2010 12:42:25 PM PDT by BudgieRamone (Gimmie back my bullets.... ain't gonna see no more damage done.)
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To: blam

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.


13 posted on 09/28/2010 12:42:38 PM PDT by Frantzie (Imam Ob*m* & Democrats support the VICTORY MOSQUE & TV supports Imam)
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To: blam
I don't know what to believe anymore.

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.

14 posted on 09/28/2010 12:44:17 PM PDT by CedarDave (Ten-year anniversary - proudly Freeping since Aug 17, 2000)
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To: blam

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?


19 posted on 09/28/2010 12:58:56 PM PDT by Samizdat
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To: blam
"he runs a housing recovery fund" "he noted that 80% of his assets are denominated in gold." LOL! No doubt his predictions are completely impartial though.
20 posted on 09/28/2010 1:01:23 PM PDT by Pessimist
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To: blam
Low double-digit inflation by 2012 sounds about right to me. Coupled with the Obama-crippled economy, it will bring back Carter era “stagflation”.
24 posted on 09/28/2010 1:11:36 PM PDT by BenLurkin (This post is not a statement of fact. It is merely a personal opinion -- or humor -- or both.)
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To: blam

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.


40 posted on 09/28/2010 2:50:43 PM PDT by tiki
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To: blam

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.


65 posted on 09/29/2010 10:36:38 AM PDT by Southack (Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
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