This "buy gold" message has been brought to you by the same people who told you that Iraq had WMDs and that deregulating the financial markets would lead to stronger economic growth.
Just trying to keep you from losing your shirt. The problem with you gold bugs is that you can't walk away from the table. Even though gold has gone up appreciably, instead of rotating out, you have more of your portfolio tied up in it than ever, right? Yep, you're pretty much right on schedule.
There were WMD in Iraq, just very small amounts of them.
Financial regulation didnt cause the meltdown, the lack of oversight of Fannie and Freddie did.
That is 95% the cause of all our housing bubble and the wreckage that occurred as a result.
The right wing message to buy gold has enriched millions of republicans even more than before.
Do you just hate people that are usually right?
Here is more advice. Short C. 7B shares still waiting to sell from uncle Sam.
Actually the claim that Iraq had WMD originated in the Clinton WH.
Glass-Steagall was repealed by the Clinton WH.
FDR took the US off the Gold Standard and LBJ ended the ability to convert one paper dollar for four silver quarters (or ten silver dimes).
Let's have a look at what right-wingers were saying back at the top of the real estate market when liberals like Krugman, McCulley, and Roubini were all warning of a collpase in the credit bubble
P.S. Gold is underperforming the S&P for 2010