Please don't think I have been speculating gold and gold stocks. The real reasons are two folds. Of course, the 1st reason has been that the US has run out of her credibility to borrow money without having intention to repay the leanders. USD is at its critical support line and I expect it to break down soon.
The 2nd reason is the financial derivatives, which was called as WMD by Warran Buffett. The magnitude of this problem is probably 10 to 100 times of that of subprime mortagage problem your heard about. You didn't hear much about the crisis of derivatives is becasue you are not supposed to know the truth. Here are two articles you need to read and think about how you want to protect yourselves. Good luck to all of us. Because I think we all will be losers the difference are only in the degree of the damages.
Please read them carefully becuase they may be the last chance to protect yourselves.
I believe Au could double within next 12 months, if central bank F**k up their policy. I think they low prime rate to fast, this just to show how desperated they are concern US economic. Divert some of your investment to repcious metal fund.
We have a perfect storm for this gold rally: 1. New low of US dollar 2. Subprime/CDO/ Derivative – The scale is beyond comprehension 3. The crash of Automobile and Housing industries 4. Mountain of national deficits and debts, and have no plan to repay the lenders 5. The only thing Fed can do is to lower 0.5% interest rate and pumping more credits 6. Out of control commodity and oil prices 7. Wars 8. No spending discipline of government and congress 9. No one tells the truth in the public office about our economy 10. Wall Street should change name to Crime Street or WMD Street 11. Seasonal strength of gold and seasonal weakness of USD
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My dear classmates,
Please don't think I have been speculating gold and gold stocks. The real reasons are two folds. Of course, the 1st reason has been that the US has run out of her credibility to borrow money without having intention to repay the leanders. USD is at its critical support line and I expect it to break down soon.
The 2nd reason is the financial derivatives, which was called as WMD by Warran Buffett. The magnitude of this problem is probably 10 to 100 times of that of subprime mortagage problem your heard about. You didn't hear much about the crisis of derivatives is becasue you are not supposed to know the truth. Here are two articles you need to read and think about how you want to protect yourselves. Good luck to all of us. Because I think we all will be losers the difference are only in the degree of the damages.
Please read them carefully becuase they may be the last chance to protect yourselves.
http://www.ft.com/cms/s/0/51f80dfe-6192-11dc-bf25-0000779fd2ac.html
http://www.bloomberg.com/apps/news?pid=20601085&sid=a.Iup2b4XNsA
I'll post a few sites for you to jump start your own studies.
These two websites will put you on top:
http://www.jsmineset.com/
http://www.rgemonitor.com/index.php
US Dollar Index:
http://quotes.ino.com/chart/?s=NYBOT_DX&v=dmax
Gold, Silver and Currencies:
http://www.netdania.com/QuoteList.asp
We probably won't see the same degree of hyperinflation of Weimar Republic, but the reactions will be the same.
Weimar Republic (1919-1933) Hyperinflation: German Stock Index and German Stock Index to Gold Ratio 1925 to 1935
http://www.jsmineset.com/cwsimages/Miscfiles/5217_Weimar_Republic.pdf
I believe Au could double within next 12 months, if central bank F**k up their policy. I think they low prime rate to fast, this just to show how desperated they are concern US economic. Divert some of your investment to repcious metal fund.
Exactly. We have to protect ourselves.
We have a perfect storm for this gold rally:
1. New low of US dollar
2. Subprime/CDO/ Derivative – The scale is beyond comprehension
3. The crash of Automobile and Housing industries
4. Mountain of national deficits and debts, and have no plan to repay the lenders
5. The only thing Fed can do is to lower 0.5% interest rate and pumping more credits
6. Out of control commodity and oil prices
7. Wars
8. No spending discipline of government and congress
9. No one tells the truth in the public office about our economy
10. Wall Street should change name to Crime Street or WMD Street
11. Seasonal strength of gold and seasonal weakness of USD
Please listen to the 3rd hour with Jim and John, if you have one hour.
http://financialsense.com/fsn/main.html
Ron Paul for president:
http://www.youtube.com/watch?v=AeHWW5gbc0w
Citi Corp. Report about gold:
http://www.gata.org/files/CitigroupGoldReport092107.pdf
Another Citi report:
http://www.jsmineset.com/cwsimages/Miscfiles/5313_SEU10047FCR.PDF
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