Thanks House I enjoyed your upload. Apart from the crumbling economy etc I wonder what maybe next for Gold price if... Israel attacks Iran or when the next oil shortage will be? When the central banks have purchased ( enough ) gold will they then revalue gold? Perhaps Russia pissed about having money taken in Cyprus decides to buy up all the physical gold as a revenge move So much in favour of gold but such a strong hand suppresing the price for now I suppose patience is key as gold leaves weak hands
Classic. "Gold at $1400 now would make it cheaper than in 1999" [youtube]http://www.youtube.com/watch?v=IUcD9YIAqJE#![/youtube]
I like listening to Marc Faber and I think he spells it out well there. "In 1972 there were 2 Billionairs, In 1980 there were 6 or 8 Billionairs, Now there are thousands of Billionairs" Common sence tells me our current system can not carry on for to much longer, 4-5 yrs max but more like 2-3 yrs.
03:35 Schiller suggests gold is in a bubble, we're all buying at the end of it. Flippantly adds it may correct as much as 70%... Also says that "people exaggerate the deficit problem"! :lol: [youtube]http://www.youtube.com/watch?v=BUvAlh9uuSY[/youtube]
It can happen in less than 2 hours Example of just how quickly things can change - Wenesday 23 October 1929 3 minutes 44 seconds into this vid. [youtube]http://www.youtube.com/watch?v=RJpLMvgUXe8[/youtube]
Replace "Blue Star" with "Global Financial System" [youtube]http://www.youtube.com/watch?v=2Mr4mjeZ2ko[/youtube]
Schillers comments are a joke. One minute, he is not recognising inflation, then he goes on about the housing market appears to be stable, makes an outlandish claim that people are over emphasising the trade deficit and then says we are at the top of gold bubble which could drop 70%. The classic line was "Economics is not an exact science" :lol: Um! We know that already. Thats part of the reason why leveraging the 'Debt is good" mantra by Keynesian school of thought that continual growth through borrowing without any thought on the level of debt has created this ticking timebomb. Add the Fed and Banksters into the mix and it should be a doozy. He needs to give up the weed. Peter Shiff on the other hand, is a realist. Cheers Markcoinoz
Simple answer is banks keeps naked shorting the gold price. Don't bet on gold if you think there won't be another major false flag or economic crisis
