http://fofoa.blogspot.com/2012/07/interview.html That was much easier to digest than his usual ramblings.
Interesting report stating $5000 possible POG in 2 years, this is stated by a few different banks as wel on the Net. Here's hoping for a rise shortly in POG....
I saw a link a while ago to a list of pundits and their predictions for POG. Can anyone help with an update. I know that Celente is holding to his 5k but he's not so strident about it these days.
BTW Jim Sinclair remains unrepentantly, absolutely bullish on gold. Today's comment: http://www.jsmineset.com/ visit the link for the cartoons of course.
Aww, I was going to save this gem for another thread but you've blown it too early. Wasn't someone around here saying that only idiot stackers would hold anymore than 5% of their wealth in gold as a hedge, to hedge RE investments of course. Isn't to hedge real estate meant to be insurance against encountering fiscal problems associated with meeting cashflow requirements to service 'smart' debt. But wait, big recession, high unemployment, non-payment of rent and low tenancy rates, favourable demographics (2017) for young people in a BUYERS RE market again. So what does someone in a trust do? They have probably borrowed against their property to buy gold, so as not to sell their property to incur capital gains tax. Hmmm what to do. Banks demand cashflow, do I sell in a property in a bustup market, or do I sell my "hedge" gold in a manipulated firesale? What does HMS Trust Titanic do, now that the iceburg has passed, and sinking is inevitable? There is no recourse, it is a mathematical certainty that the bulkheads have failed. You can only wait and rearrange the deckchairs on the deck of HMS Trust Titanic.
