Friday, Feb 22, 2008
Inflation is only going to get worse...
FT: Gold nears $1,000 as stagflation fears grow
Bullish gold price forecasts...
Posted by doom&gloom @ 10:07 AM (921 views) Add Comment
22 Comments
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1. sold 2 rent 1 said...
Sorry to divert from the thread topic.
I have just watched 3 of Alex Jones' videos - you can either stream or download them at quicksilverscreen.com.
I have never been one for conspiracy theories and have previously been a fan of Michael Moore documentaries.
The "Terror Storm" video is particularly compelling as he accuses Michael Moore of being a fraud and whitewashing the 911 investigation.
There is also a superb detailed account of the many “false flag” operations performed by governments over the last 80 years.
The price of gold is telling us that world currencies are being destroyed by monetary inflation. Will this all end with a world currency?
Alex Jones, coming from a different perspective, is telling us that a world government is in the making. Will these 2 events happen simultaneously if we see a financial collapse, possible in 2011?
Watch the video and broaden your mind.
2. sold 2 rent 1 said...
Alex Jones - Terror Storm
http://quicksilverscreen.com/watch?video=27065
3. harold said...
Expect small investors to pile in if the price goes over $1000. If this happens there will be a spike around $1250, after which there will be a correction back to present levels. The long-term outlook, however, is very bullish (i.e., plus $2000/oz). But, IMHO, the real story will be in silver. It's still totally undervalued.
4. harold said...
S2R1 I admire Alex Jones (in some respects) for sticking his neck out. The problem, however, is that he engages in "connect the dots" research. While this can be valid, it can also be subject to gross error and mis-interpretation. Who knows whether he is correct (however, I do suspect he has a point - which is frightening).
5. Blindleadtheblind said...
Harold while I admire your conviction it is a brave man who calls the ups and downs of either Gold or Silver, better to sit back and relax. It will not be the small investors but the large funds and then later the public that drive up the precious metals, starting soon for the funds imo as they chase profit in this sector after getting hammered just about everywhere else.
6. japanese uncle said...
If one has a look at the retard in the White House even incapable of structuring short sentences without the aid of a device hidden in his back, who is obviously stupid enough to slip his tongue that he saw on the TV the first plane smashed into WTC North Tower, one would not be surprised to see any lunatic development geopolitically, not least in Kosovo from now.
Anyway remember holding gold has its own peculiar risk of confiscation by the government, which actually happened in the 1930's in the US.
ps: Incidentally, I can recoomend the book 'the Riddle of Titanic' (Robin Gardiner, et al, 1996) a compelling, well-documented story of a insurance fraud of literally titanic scale, with striking similarity to 911, in that WTC constructed in early 70's, containing asbestos was in fact a white elephant, which made it extremely costly to demolish it by the normal methods, while Olympic, a sister ship of Titanic having run aground a few times was an uninsurable ship.......
No wonder the film Titanic had to be created promptly in 1997 as an 'authentic' story to make a global hit movie, so any ‘grey’ rumor could be wiped away.
7. sold 2 rent 1 said...
harold,
Gold - I think the spike this summer could be as high as 1500 before falling back. Time will tell.
It might be 2010 before we zoom past 2000, but when the stage 3 of this bull arrives possibly in 2011 we will see gold go to the moon.
Silver will spike bigtime this summer, but after that I am not so sure. I can hold a pure silver coin and pure gold coin (1 ounze) in each hand.
Only the gold coin feels like it has any power. That is my intuition.
Alex Jones - "however, I do suspect he has a point - which is frightening"
Have you watched the video? All his arguments are backed up with interviews, newspapers and TV clips. It is totally compelling.
I had never even considered the 7/7 bombings to be a false flag until now.
But the fact that a 1000 man "attack excercise" that was virtually identical to the actual bombings, was taking place at the exact same time, is just too incredible to be a coincidence. The probability of this being a coincidence, as Jones points out, is 1: 10000000000000000000000000000000000000 (over 40 zeros)
Our natural human reaction is to disbelieve because it throws our basic assumptions on reality out the window.
Our minds are then unable to handle the change.
We have all discussed at great length here that we are headed for a financial catastrophe that will make the 1930s look like a "walk in the park" because the debt bubble based on a flawed banking system is spiralling out of control. One by one we are all slowly waking up to this economic reality
This is exactly what Calleman's evolution model is predicting.
1. Ethics overcoming the Power structure
2. Change accelerating at an exponential pace.
As "HappyMondays" said yesterday
"Gold is the winner - until it is seized by the elite few who run the world.
Thats not such a bad thing, perhaps it will wake us up to the Numpties that control us! and maybe Ian Lungold is right, perhaps the beginning of another evolutionary step!"
"another evolutionary step". If Calleman is correct then this is the FINAL evolutionary step to happen in late 2011.
8. Keep Your Nerve Son! said...
Should I take my money out of premium bonds and put it into gold? How would I do it and how do I take the profit?
Any advice very much appreciated.
9. harold said...
S2R1, yes I've seen AJ's output. And I agree, there are unanswered questions.
"pure silver coin and pure gold coin (1 ounze) in each hand. Only the gold coin feels like it has any power."
At the moment. But remember, historically only silver and gold are money (forget the useless paper stuff printed by central banks - "IOU nothings", as Peter Shiff calls them). In addition to its potential monetized value, silver is also an inportant industrial commodity (and the gold/silver ratio is still favourable to silver - I would not be suprised by $100/oz, IMHO). Can I recommend:
http://goldmoney.com/en/commentary.php#current
JU, interesting about the Titanic - I haven't heard that particular story.
"Anyway remember holding gold has its own peculiar risk of confiscation by the government, which actually happened in the 1930's in the US."
True, which is why it might be wise to hold your physical bullion in a Swiss vault:
http://goldmoney.com/en/company-news/2007-10-15.html
I suspect it is unwise to hold ETFs in the coming crisis - physical bullion is king.
10. harold said...
P.S. Watch for the attempted take-down in gold around 2pm gmt today... central bank tricks. Unless, of course, the bulls (i.e., the natural market at present) get the better of them.
11. hpwatcher said...
On the subject of inflation.......I've just been speaking to a farmer friend, he is telling me fertiliser has doubled in price this year; that and cost of oil....expect food prices to go through the roof!!!
Anyone with a house and a big mortgage reading this...get out now, as quick as you can, or you will end up with massive, massive debts and NO house! Just like thousands & thousands did in the 90's.
12. cornishman said...
hpwatcher - no your friend must be wrong.
Ruth Kelly on Question Time last night assured everyone that because we have very low inflation in the UK, the BoE can now afford to cut interest rates. She should know. She's Gordon Brown's friend...
I don't know how she managed to keep a straight face whilst she said it, mind!
13. hpwatcher said...
''.... we have very low inflation in the UK, the BoE can now afford to cut interest rates.....''
Actually, I'm glad she said that. After Jack Straw yesterday, there should be absolutely no doubt in anyones mind that the government and the truth are complete strangers.
14. sold 2 rent 1 said...
QUOTE
"Anyway remember holding gold has its own peculiar risk of confiscation by the government, which actually happened in the 1930's in the US."
"True, which is why it might be wise to hold your physical bullion in a Swiss vault:"
History is not going to repeat exactly and as the US government gold theft gets more publicity, more gold will be piling into Swiss vaults over the next 3 years.
As the US and UK economies turn down, gold will surely leave these countries for safer environments.
For these reasons a strike to seize gold by a single government is unlikely.
If gold starts pouring into Russia, India, China and Switzerland then any world strike to seize gold will have to include these countries.
For this to happen the G8 would have to expand to the G10 to include China and India, and for all the world economies doing very badly.
Any seizure is 3-4 years away.
15. sold 2 rent 1 said...
"Gold nears $1,000 as stagflation fears grow"
Why is it that 2 years ago the mass media were comparing the economic era to the 1950s.
Now they are comparing the current era to the 1970s.
This is suggesting hard times ahead with stagflation, but also implies an 1980s / 1990s style boom to follow.
The reality is 2 years ago it was like the 1920s and soon it will be like the 1930s, only much worse.
16. waitingfor hpc said...
guys i want to buy physical gold where is the best place to go?
17. hpwatcher said...
''.....I have just watched 3 of Alex Jones' videos .....''
Yes, very good. I loved walking in the air with the snowman. Altogether now....
''WERE WALKING IN THE AIRRRRRR...tra la la la''
18. harold said...
waitingfor hpc
http://goldmoney.com/
or
http://www.bullionvault.com/
or
http://www.taxfreegold.co.uk/
19. drewster said...
hpwatcher: the price of fertiliser is up sharply because natural gas is used to make nitrogen fertiliser, and the price of gas has risen aongside the price of oil. This will feed (no pun intended) into rising food prices, and hence rising inflation.
20. Slysmiles said...
For physical gold and silver bullion and coins try
http://www.atsbullion.com/
You can order over the phone in 5 minutes, or walk in if you're in London.
21. sold 2 rent 1 said...
Blindleadtheblind,
"It will not be the small investors but the large funds and then later the public that drive up the precious metals"
Agreed. The hairdresser's mum's cat won't be buying until 2010-2011
22. Debtfree said...
www.goldline.co.uk is the best !!!