Touched base with a contact today & was told Next year Expect another big downturn in prices of everything next year ( that generally to me means , gold & silver should go up ) It was advice from a top notch lawyer (top 20 law firms in the USA ) To his uncle here in OZ BUY NOW CRY LATER That's as much as a prediction as you will get out of me
Really? I was just watching inside business on the ABC where everything is rosy, house prices are going up, the world economy, especially the USA is growing( apparently the last GDP figures of -0.1 % was just a glitch), the stock market is going on a bull run and gold bugs look like idiots. You mean I can't believe the MSM?
You can choose to believe who ever you wish BUT I don't believe anything that is reported on the idiot box
[imgz=http://forums.silverstackers.com/uploads/1487_uefpfen.jpg][/imgz] Looks a lot like David Koch et al. too
If there is a big downturn pms will drop, not go up. They will go up after tptb crank up printing again to boost world economy. Saw a chart showing China growth when new government is installed, so this year we should see growth as the new Chinese gov bring in a plan to get things going again in China. This should have a knock on affect through the globe.
yeppers, all the heavy weights hang out on da tube. Stellaconcepts Interviews Rawdog [youtube]http://www.youtube.com/watch?v=J8EfzSAOpDc[/youtube]
One of the possible issues in the future could be energy prices. The production of everything (including energy) takes energy. Energy prices rising and the world monetary base expanding at an amazing rate can only equal one thing = high real rate of inflation Couple this with low interest rates, and you get a stock market boom in blue chip and div stocks. But the one thing that can crush the expansion is oil. Everything you can think of uses petrolium products From high desity plastics (used in electronics) to the fuel for harvesting machines and transport trucks (the Dow Transport index is confirming the Dow breakout - so more energy is going to be required) Oil at $150 and increasing cost of commodities will put massive pressure on the consumer prices index - eating away at the bottom lines of industry and production who increase end-user prices, and the spending habbits of the general population change. (people wont have as much money for discretionary spending) American taxes rising will hit the general knowledge this financial year. Its a slow juggernaught, extremely hard to stop. Own real things, diversify and protect your liquidity...