Jump to content


Photo

Greyerz – Gold Will Trade Above $2,000 By The End Of March


  • Please log in to reply
8 replies to this topic

#1 Asheron

Asheron

    HPC Veteran

  • New Members
  • PipPipPipPip
  • 1,084 posts
  • About Me:As an investor, you know that any kind of investment opportunity has its risks, and investing in Stocks or Precious Metals is highly speculative. All of the content I post is for informational purposes only.

Posted 24 February 2012 - 07:21 PM

In the last eighteen months world money supply has gone up by $10 trillion. There is massive money printing taking place worldwide. So, central banks are doing this, but it is the wrong remedy because we are not going to solve anything by printing.

The forest fire actually needs to burn the whole forest down. This what needs to happen to the whole world economy. We need to reset the world economy and start again. Iceland is the best example of that and this is what needs to happen to the whole world…. “This means the banking system will fail because nothing will be repaid, but that is the only way to get the world back on its feet. This will not happen right now because they will continue to print, just like the $10 trillion in the last eighteen months. This has been without the Fed printing very much money. So we will see continued money printing and massive growth in the money supply to cover all of these debts. Gold should already be $8,900


http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/2/24_Greyerz_-_Gold_Will_Trade_Above_$2,000_by_the_End_of_March.html
Max Keiser --- http://maxkeiser.com/
Peter David Schiff --- http://www.europac.net/
Gerald Celente --- http://www.geraldcelente.com/
Jim Rogers --- http://www.jimrogers.com/
Bob Chapman --- http://www.theintern...om/Bob_Chapman/

Investors should abide by money management principals & never risk more than they can afford to lose.
There are No guarantees when investing in the Stock Market or Precious Metals. You might lose all your money and cry.

#2 Old Nis

Old Nis

    HPC Regular

  • Members
  • PipPipPip
  • 465 posts

Posted 25 February 2012 - 05:33 PM

How very, very interesting that you mention March as a date.

In the first week of March, I think we all need to form an orderly queue outside petrol stations and supermarkets to avoid the (hopefully temporary) panic-buying of the sheeple when the inevitable fall-out comes....


http://hat4uk.wordpr...athens-default/

http://hat4uk.wordpr...etable-emerges/

Greek Default on March 23rd?

Edited by Old Nis, 25 February 2012 - 07:26 PM.

"They'll print money until we run out of trees."
- Jimmy Rogers

#3 Errol

Errol

    I live on HPC!

  • Members
  • PipPipPipPipPipPipPip
  • 10,026 posts

Posted 25 February 2012 - 06:04 PM

Would agree. Something's up - and rising gold is the red flashing warning light.

Want to get paid for polls? Try YouGov


#4 Ruffneck

Ruffneck

    HPC Senior Veteran

  • New Members
  • PipPipPipPipPip
  • 4,478 posts
  • Location:Australia

Posted 26 February 2012 - 10:28 AM

Is there still a Greek default on the cards for 20th March or did they fix it up last week?
2000 sounds a little excessive i think it will just keep rising slowly , maybe 1880 by end of march is my guess.
“The world has been chilling sharply for about twenty years. If present trends continue, the world will be about four degrees colder for the global mean temperature in 1990, but eleven degrees colder in the year 2000. This is about twice what it would take to put us into an ice age.”
• Kenneth Watt, Ecologist , Earth Day 1970

#5 jonesinamillion

jonesinamillion

    HPC Poster

  • Members
  • PipPip
  • 174 posts

Posted 26 February 2012 - 11:46 PM

Still don't get why everyone on here places such a significant onus on PM prices in USD, surely pounds and pence is our yard stick?

#6 Asheron

Asheron

    HPC Veteran

  • New Members
  • PipPipPipPip
  • 1,084 posts
  • About Me:As an investor, you know that any kind of investment opportunity has its risks, and investing in Stocks or Precious Metals is highly speculative. All of the content I post is for informational purposes only.

Posted 27 February 2012 - 05:54 PM

Still don't get why everyone on here places such a significant onus on PM prices in USD, surely pounds and pence is our yard stick?


Because the $ is the world reserve currency.
Max Keiser --- http://maxkeiser.com/
Peter David Schiff --- http://www.europac.net/
Gerald Celente --- http://www.geraldcelente.com/
Jim Rogers --- http://www.jimrogers.com/
Bob Chapman --- http://www.theintern...om/Bob_Chapman/

Investors should abide by money management principals & never risk more than they can afford to lose.
There are No guarantees when investing in the Stock Market or Precious Metals. You might lose all your money and cry.

#7 R K

R K

    I live on HPC!

  • Members
  • PipPipPipPipPipPipPip
  • 23,655 posts
  • Location:Republik of Mancunia

Posted 02 May 2012 - 04:09 PM

It didn't.


"The problem with capitalism is that eventually you end up with everyone else's money" RK
"We have now entered The Great Rebalancing 2007-20xx" - RK
"Gold will go to $1000, Silver to $18" - RK August 2011
QE £100bn and build 1m council homes - RK
Carney announces the launch of Empire 2.0 - Rise of the Banksters Oct '13


#8 Renewed Investor

Renewed Investor

    HPC Regular

  • Members
  • PipPipPip
  • 455 posts

Posted 08 May 2012 - 05:11 PM

LOL!

#9 Executive Sadman

Executive Sadman

    I live on HPC!

  • Members
  • PipPipPipPipPipPipPip
  • 15,825 posts

Posted 08 May 2012 - 10:14 PM

It will go up, but only once the yank 'recovereh' has been shown for the house of cards it is. 1 to 2 years and GOLD WILL BE GOING TO THE MOON!

Surprised with the euro situation and russian chinese arab and even our own central bank buying it isnt higher though


Although that last point would be sods law. Brown sells at the bottom, Osbourne buys at the top :blink: Such bad timing it could almost be perfect fate. :o


In 2011, European central banks became net buyers of gold for the first time in 20 years whilst central banks worldwide, along with official institutions, increased their gold purchases by 571%.
http://therealasset....ns-bottom-gold/


Whose selling?

And if no ones selling, where is the supply coming from?

Edited by Executive Sadman, 08 May 2012 - 10:15 PM.

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

2379932059ea3cb20dbeb7b26a560074.jpg 





0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users