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macker · 11-11-2010, 10:46 PM

^^^^

Time will tell....you may not see the value in Gold or other hard assets/commodities that I see as I see Gold as being the most liquid asset you could possibly have. It is demanded and accepted everywhere and before fiat, gold was the medium of exchange. It also has many industrial uses but I am not going to get into that. I will however predict that it goes over $2,000 in the next 5 years and I see Silver as having an even more impressive future ahead as it is still 60% below its all time high whereas Gold is roughly at its all time high. If you adjust Gold to inflation it should be over $2,000 now so my 2K prediction isn't that dramatic. Every 4-6 years there is a recession so whether that comes in 2011, 2012 or 2013 it will come again as we are comming due. What will the Fed do then? They can't possibly print more money. That is when I think you will see the dollar get crushed and maybe even disappear. I stand by my statement that Gold is one of the safest investments you could have in your portfolio and all commodities are going to do well for that matter. If the world economy gets/stays better you are going to make money in commodities, or lose less. If the world economy doesn't get better they will likely try to print more money and once again in this scenerio you are going to make money in commodities, or lose less vs equites and bonds which are also scary here as the yields are at record lows but yet money continues to flow into the bond market. It just doesn't seem right. Neither does Bernanke printing money and holding up Zombie banks and companies when we have clear examples such as Japan where it has been shown that this does not work as 20 years after they began the same process their stock market is still 75% below where it was 20 years ago. Short term Gold likely goes lower and the US dollar higher as everyone is pessimistic on the US dollar but long term gold has to go higher in both scenerios and everytime they print money the commodity, including gold, trade seems more and more like the place you want to be as logically inflation follows. The most artificial recovery in history

Enjoy it while it lasts.

11-11-2010, 10:46 PM	#73
macker First Line Centre Join Date: Apr 2007 Exp:	^^^^ Time will tell....you may not see the value in Gold or other hard assets/commodities that I see as I see Gold as being the most liquid asset you could possibly have. It is demanded and accepted everywhere and before fiat, gold was the medium of exchange. It also has many industrial uses but I am not going to get into that. I will however predict that it goes over $2,000 in the next 5 years and I see Silver as having an even more impressive future ahead as it is still 60% below its all time high whereas Gold is roughly at its all time high. If you adjust Gold to inflation it should be over $2,000 now so my 2K prediction isn't that dramatic. Every 4-6 years there is a recession so whether that comes in 2011, 2012 or 2013 it will come again as we are comming due. What will the Fed do then? They can't possibly print more money. That is when I think you will see the dollar get crushed and maybe even disappear. I stand by my statement that Gold is one of the safest investments you could have in your portfolio and all commodities are going to do well for that matter. If the world economy gets/stays better you are going to make money in commodities, or lose less. If the world economy doesn't get better they will likely try to print more money and once again in this scenerio you are going to make money in commodities, or lose less vs equites and bonds which are also scary here as the yields are at record lows but yet money continues to flow into the bond market. It just doesn't seem right. Neither does Bernanke printing money and holding up Zombie banks and companies when we have clear examples such as Japan where it has been shown that this does not work as 20 years after they began the same process their stock market is still 75% below where it was 20 years ago. Short term Gold likely goes lower and the US dollar higher as everyone is pessimistic on the US dollar but long term gold has to go higher in both scenerios and everytime they print money the commodity, including gold, trade seems more and more like the place you want to be as logically inflation follows. The most artificial recovery in history Enjoy it while it lasts.