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SPDR Gold Shares Message Board

  • jjbutler1951 jjbutler1951 Aug 25, 2012 7:12 AM Flag

    Gold Breakout

    Detailed commentary on my blog:

    Enjoy with your coffee this morning!

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    • Gold will break out because economic reality trumps all. Three generations of deficit spending, huge unfunded entitlements, massive unsustainable debts have critically weakened Western countries. The west's financial gurus are worsening the the crisis with their stopgap "bailouts" and other gimmicks that simply squander more capital. The West simply cannot consume more than it produces and not see its institutions and culture weaken and collapse. Gold of course will "break out." The only reason it is not surging is that Western central banks and the IMF are selling huge amounts to finance the gimmicks and bailouts. also ordinary people are selling in tough economic times to live. The big story however is in Asia. The Asian central banks are very big buyers as they try to diversify their huge liquid holdings. Can anyone blame them?

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