James Turk - Writing on the Wall, Hyperinflation is Very Near

chimpanchu · Dec 21, 2010

http://kingworldnews.com/kingworldn...on_the_Wall,_Hyperinflation_is_Very_Near.html

2010 was another good year for the precious metals. Although we still have two weeks to go, gold will be up for the tenth year in a row against the dollar. The significant change this year is that a lot more people are paying attention to gold's rise. Because we are in stage II of a bull market now, as I said, you are seeing many more people take notice of both gold and silver's rise. The continuing talk about gold being in a bubble is complete nonsense, the stage III speculative phase is still far into the future.

The interesting point Eric is that I think all of these crises are going to come to a head in 2011. So far they have been developing serially, but everything is shaping up for a big bang. The reason is that debt holders are finally waking up to the risks and demanding higher interest rates, which is something over-leveraged debtors cannot afford to pay.
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It looks like the SHTF situation is going to be in 2011.

JulieW · Dec 22, 2010

Be careful of what you wish for chimpanchu. It could be a lot more painful than anyone can imagine.

chimpanchu · Dec 22, 2010

JulieW said:

Be careful of what you wish for chimpanchu. It could be a lot more painful than anyone can imagine.
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I didn't wish for it.

Whatever will happen, will happen despite any wishing for it or not.

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James Turk - Writing on the Wall, Hyperinflation is Very Near

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JulieW Well-Known Member Silver Stacker

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James Turk - Writing on the Wall, Hyperinflation is Very Near

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