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To: wagglebee
Actually, with today's interest rates it would be crazy NOT to go deeper into debt if double-digit inflation is coming.

No thanks...I have enough already and there might not be an inflation. Right now I'm up about 40% with the gold which ain't bad and I'll probably sell it all if it gets to 2000.00 because I can't predict the future.

28 posted on 09/28/2010 1:20:37 PM PDT by bkepley
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To: bkepley
No thanks...I have enough already and there might not be an inflation.

Thanks for making my point.

Everyone is talking like massive inflation is coming, but nobody is actually acting like it.

Right now I'm up about 40% with the gold which ain't bad and I'll probably sell it all if it gets to 2000.00 because I can't predict the future.

Adjusted for inflation, the folks who bought gold in January of 1980 would still be in the hole at $2k an ounce.

I think it's entirely possible that the current gold market is about to be exposed as the biggest scam in history. Nearly all gold bought and sold today is certificates, most people are just taking someone's word that the gold exists. And gold is very easy to buy, yet we're told it's rare -- the irony is that it really can't be both. If gold is as rare as they claim, brokers shouldn't be able to even come close to meeting demand.

29 posted on 09/28/2010 1:26:47 PM PDT by wagglebee ("A political party cannot be all things to all people." -- Ronald Reagan, 3/1/75)
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