Thread: gold stupid
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Canuck57[_9_] Canuck57[_9_] is offline
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First recorded activity by BoatBanter: Oct 2009
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Default gold stupid

On 27/07/2011 7:58 PM, wrote:
Here's a nice link for those who think gold is such a great thing...

http://www.fintrend.com/inflation/im...tion_chart.htm

and, the stock market...

http://finance.yahoo.com/echarts?s=%5EDJI#symbol=^dji;range=my;compare=;ind icator=volume;charttype=area;crosshair=on;ohlcvalu es=0;logscale=off;source=;

or http://tinyurl.com/3kqdb4o


Well, if the pattern persists and it should, gold should go to at least
$3500 before it peeks.

And sure beats the dollar for 98% of the time, as the dollar is a
straight horizontal line that never appreciates.

Gold in real dollars was $19 in 1914. So who is cooking the charts? In
fact when gold was the standard, from 1878 to 1914 or so gold prices
varied little, neither did the value of a buck.

Over lay that with oil and US federal debt. It gets real interesting.
--
Obama, enslaving Americans with debt-tax slavery for a spending binge.
Doesn't even borrow real money, Bernanke just creates it like a
counterfeiter. .