On 28/07/2011 8:03 AM, Beach Bum wrote:
On 7/27/2011 10:22 PM, Canuck57 wrote:
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.

The Dollar hasn't been backed by gold for a long time now. It's backing
is now faith and trust in Obama and the boys.

You don't think Obama is going to borrow?

Bernanke is going to print $600 billion in inflation. Just a ruse that
the US treasury borrows these days.

While Moody gives USA a AAA, it is 100% bull**** as US is a country that
is now unable to pay its bills with real money. And unable to
legitimately borrow its money.

B grade at best.

Fact is, USA will never recover with this strategy. Just dig a deeper hole.
--
Obama, enslaving Americans with debt-tax slavery for a spending binge.
Doesn't even borrow real money, Bernanke just creates it like a
counterfeiter. .