It's gold Jerry, gold!!!
Posted on 08/24/2010 9:23:03 PM PDT by Razzz42
Only one of the reasons that "QE to Infinity" is the only political choice that can be made.
Things are moving fast.
Gold will trade at $1650 and above.
The trillion dollar bailout you didn’t hear about –Commercial real estate values plummet again yet banks hide losses. A $3.5 trillion financial disaster in the making. We are now proud owners of an AMC theater and Chick-fil-A.
The latest data on existing home sales should tell you exactly where we are in this so called recovery. Average Americans are unable to purchase big ticket items without massive government subsidies. It is also the case that all the too big to fail banks are standing only because of the generous support of taxpayer money. Without large tax credits and the Federal Reserve buying down mortgage rates the housing market is extremely weak. Yet very few of the housing “analysts” actually bother to ask why they are weak in the first place. The employment market is in disarray and wages have fallen for everyone outside of the top 1 percent of income earners. The bailout fatigue is running out of steam but banks are using clandestine methods to offload trillions of dollars of commercial real estate to taxpayers. The next giant bailout is already happening but you probably haven’t heard about it.
Commercial real estate values continue to slide:......
(Excerpt) Read more at jsmineset.com ...
BTW, gold (as physical currency) is an indicator of consumer confidence in fiat (paper money) on a worldwide basis. Until governments rein in the debt and stop the pretend and extend accounting of debt, gold will continue on to new heights.
It's gold Jerry, gold!!!
Looks like Jim believes in those Gold Angels with Magnets too.
Yup, DOW 5,000; Gold $5,000 is just around the corner.
It's magnets Jerry, magnets!!
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