It's a great time for Gold bulls, but Gold bugs are still totally wrong

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investorzzo's picture
investorzzo
Status: Diamond Member (Offline)
Joined: Nov 7 2008
Posts: 1182
It's a great time for Gold bulls, but Gold bugs are still totally wrong

Did this guy convince you? He didn't get me to sell my gold or silver! Even if countries diluted their currencies, it shows even more reason to have something of value. My guess is this guy is a government schill or has some other agenda. JP Morgan just bought more gold last Friday. Governments around the world buying record amounts of gold. Banks buying gold, investors buying gold. To bad he didn't leave an email to send him our thoughts. I'm up 20 percent in a year. Tell me where I can get that in this economy. Jon

http://finance.yahoo.com/news/Its-A-Great-Time-For-Gold-siliconalley-423...

investorzzo's picture
investorzzo
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Posts: 1182
Re: It's a great time for Gold bulls, but Gold bugs are ...

http://www.bloomberg.com/apps/news?pid=20601101&sid=a1R93Ab7SHdw

agitating prop's picture
agitating prop
Status: Platinum Member (Offline)
Joined: May 28 2009
Posts: 854
Re: It's a great time for Gold bulls, but Gold bugs are ...

Dude sounds like a stock bug.

investorzzo's picture
investorzzo
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Joined: Nov 7 2008
Posts: 1182
Re: It's a great time for Gold bulls, but Gold bugs are ...

Prechter is still calling for gold to fall 40 percent. Sometimes I just don't think he gets it. There is nowhere to go. Should we go to cash? Cash is dying, fiat money. Treasuries? This isn't 1980. Most of the bond guru's are warning to dump bonds. Real estate? No way, not now and not for years to come. More pain ahead, as more stores closing and foreclosures mounting. Stocks? Prechter don't like these either. If I hold cash, he'd have me sell gold?  I'll keep my gold. Prechter is a smart man, but he just says to sell because everyone is buying. There has never been a better time to own and hold gold. I think Prechter is wrong this time. Even if gold takes a big hit, it will bounce back first before anything else. I'll keep my cash to buy more. This ponzi scheme is going down and when it does, the last place I want to be is in paper!

http://www.bloomberg.com/apps/news?pid=20601101&sid=a1R93Ab7SHdw

investorzzo's picture
investorzzo
Status: Diamond Member (Offline)
Joined: Nov 7 2008
Posts: 1182
Re: It's a great time for Gold bulls, but Gold bugs are ...

Prechter is still calling for gold to fall 40 percent. Sometimes I just don't think he gets it. There is nowhere to go. Should we go to cash? Cash is dying, fiat money. Treasuries? This isn't 1980. Most of the bond guru's are warning to dump bonds. Real estate? No way, not now and not for years to come. More pain ahead, as more stores closing and foreclosures mounting. Stocks? Prechter don't like these either. If I hold cash, he'd have me sell gold?  I'll keep my gold. Prechter is a smart man, but he just says to sell because everyone is buying. There has never been a better time to own and hold gold. I think Prechter is wrong this time. Even if gold takes a big hit, it will bounce back first before anything else. I'll keep my cash to buy more. This ponzi scheme is going down and when it does, the last place I want to be is in paper!

http://uk.news.yahoo.com/22/20100608/tbs-uk-precious-uk-physicals-e5e6c3...

investorzzo's picture
investorzzo
Status: Diamond Member (Offline)
Joined: Nov 7 2008
Posts: 1182
Re: It's a great time for Gold bulls, but Gold bugs are ...

The 8 Formidable Forces Pushing Gold Prices Higher

1.    Gold Bull Market
2.    Gold Supply/Demand Squeeze
3.    Rising Mining Costs
4.    Rising Global Demand
5.    Surging Investor Demand
6.    Central Banks Purchasing Gold
7.    European Panic Buying
8.    Impending American Currency Crisis

compinthegroove's picture
compinthegroove
Status: Silver Member (Offline)
Joined: Nov 8 2009
Posts: 113
Re: It's a great time for Gold bulls, but Gold bugs are ...
investorzzo wrote:

The 8 Formidable Forces Pushing Gold Prices Higher

1.    Gold Bull Market
2.    Gold Supply/Demand Squeeze
3.    Rising Mining Costs
4.    Rising Global Demand
5.    Surging Investor Demand
6.    Central Banks Purchasing Gold
7.    European Panic Buying
8.    Impending American Currency Crisis

#4 is the real kicker.  If the rest of the world is driving the price up, it won't matter what the conditions are in the US.  Gold will go up.

smirking pig's picture
smirking pig
Status: Bronze Member (Offline)
Joined: Sep 26 2009
Posts: 26
Re: It's a great time for Gold bulls, but Gold bugs are ...

 gold is in the pike 5X5

the inflation adjusted is $1200 an OZ .....it is all as it will be..

 

hold....gold is money....

 

hint $149 for oil

 

paladin

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