Gold at $2600 in 8 weeks!!! [Archive]

View Full Version : Gold at $2600 in 8 weeks!!!

Large Sarge

22nd March 2013, 08:50 AM

Neuro

22nd March 2013, 01:57 PM

http://agorafinancial.com/research/video/ost_chinagold_031513/?ver=2&utm_expid=48564799-79&code=EOSTP315&o=954004&s=959499&u=21743089&l=551925&r=Milo

he is selling his spiel, but he says the Chinese have accelerated their timeline to revalue gold...
Well the Chinese can very easily revalue gold vs USD. They just need to buy gold with the USD they have. It really is that simple... I wonder if the officials that decided not to buy the 400 metric tons of IMF gold, for $1050/ounce because it was too expensive have been beheaded yet?

joboo

22nd March 2013, 03:21 PM

China like low gold price, love it long time, US dollar #1. Truck deliveries go drive around back of building....honk horn.

mamboni

22nd March 2013, 05:19 PM

Byron King is selling a subscription. Sure, he says they'll cancel anytime and full refund: good luck getting someone on the phone and executing the cancellation. Forget this. Buy physical and you'll do fine. If you have paper assets as well I recommend putting the bulk of it in CEF, PHYS and PSLV. If you are daring, buy some GDX and GDXJ to get exposure to the miners as they are so fricking cheap now they can't go lower. Individual miners I like: SWC, MUX on TSX, TRX (Jim Sinclair's baby).

Twisted Titan

22nd March 2013, 10:42 PM

Dollar cost average and you will be richer then king solomon in all his glory.

its really that simple.

old steel

22nd March 2013, 11:15 PM

Guns are more practical and useful than gold so i'm sticking with guns.

gunDriller

23rd March 2013, 05:55 AM

Guns are more practical and useful than gold so i'm sticking with guns.

i've heard of the Dow/ Gold ratio, but never tried to plot a Gun/Dow ratio.

obviously Obama has been great for the Gun/Dow ratio.

Well the Chinese can very easily revalue gold vs USD. They just need to buy gold with the USD they have. It really is that simple... I wonder if the officials that decided not to buy the 400 metric tons of IMF gold, for $1050/ounce because it was too expensive have been beheaded yet?

i wonder what the conversations are like, where the US bankers try to convince Chinese bankers not to buy all the gold immediately.

my guess is, on the US side they invoke "National Security".

i would say, great restraint has been shown by the Chinese. but now the Russians have a new-found appreciation for the worthlessness of Euro's in Cyprus banks. seems like that might inspire a little friendly competition with the Chinese.

i wonder if wealthy Russian Jews chose Cyprus for their vacation/ banking go-to country because of its proximity to Israel.