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Post by RKC on May 28, 2009 12:02:52 GMT 12
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Post by Deleted on May 28, 2009 12:24:04 GMT 12
Hi Rob, Things are getting a bit scarry when the us admits it cant service its existing loans !!! All bodes well for our line of work tho. We see with all the talk and actions of bailouts etc. GM is still talking bankruptcy. Cheers I think maybe.
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Post by RKC on May 29, 2009 12:08:07 GMT 12
G'day Homesouth, Times are "scary" alright ... but, interesting along with "scary". I've previously been of the view that the gold price was entirely determined by supply and demand, but I'm starting to have my doubts. I don't subscribe to the conspiracy theory's that abound on the Internet of a hidden elite manipulating the gold price for their own gain. But I do believe its entirely possible the American government (possibly through the fed) has been attempting to keep the price of gold down since 1971 when America went off the gold standard completely. Its reasonable enough to understand that a high gold price could be a threat to the big governments that exists today, which need to be able to borrow and print money at will to keep getting bigger. However its now becoming obvious it can't continue much longer and a big jump in the gold price to at least US$2,000 an ounce can't be too far away. network.nationalpost.com/np/blogs/wealthyboomer/archive/2009/05/27/u-s-to-experience-zimbabwe-like-hyperinflation.aspxwww.gata.org/node/7309Regards, Rob (RKC) |
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