The more the merrier. Everything looks great except is it? The government wants you to think so but is it realloy? Wait till the tappering starts and so long stock market for without the government bucks its cooked. Imagine this everytime a dollar is printed the government pays a tax on itor should I say you do. Sorry guys the market will follow gold down the tube and like 2008 there will be alot of crying on the street.
Funny Id be more worried about the stock market in general seeing once the taper sets in whose gonna invest in all these companies that depend on the government. Funny all I hear is whats going to happen to gold why not the rest of the market whose very existence depends on the governments involvement.
Thats a rather stupid remark. The Rothchilds are desperately trying to save the dollar as the world reserve currency and losing the battle. Watch the dollar as the other world governments throw it from its basket and replace it with something else. The Fed while pushing everyone out of gold for economic control is still buying gold.
Funny thing Id be getting out ASAP of the market in general. Right now the gov cant sell any bonds due to credit issues and the banks are selling off the short term bonds. With a drop also of the credit rating a default is around the corner evem of they approve even a temporary bill. Lets face it you cant print all the paper you want but its still worthless. With no credit rating shortly a depression. keep dumping and helping the central banks and banks acquire more.
I laugh at thois seeing goldman is still buying gold while telling others to gat out as are the other institutions as well as the central banks and governments.Paper currency is going away and they know it but are duping the public into believing everything is okay. Why theres no inflation thats a crock. I was standing in Wallmart and watched them up hamburger meat by .50 a pound. I can only imagine what else went up. Next thing you know the government wont count food increases in the formula when they figure out inflation. Why bother the sheep will never care at least not until its too late and the fox has already raided the henhouse.
I am not worried about gold but wait ing for the market to sell off. If there is no concrete plan the market will sell off because credibility is lost. I think many investors are not going to wait but the dumping will start in the morning.
The whole market is being manipulated. Watch the market on monday if there is no deal and the chinese that have called both bernanke and geitner out go a different wauy and demand a payback on their loan which is quite substantial.
Goldman by telling all the sheep to sell and buying is a brillant move. Whats amazing is the socalled savy investor doesnt realize nothing has changed as far as the banks or the economy since 2008. If the government wasnt supporting the market as it is now where would the market be and once they stop where will it be or will the market even survive. Right now someone is buying all the gold they can get while actively trying to depress the precious metal market to their liking and driving the small investor to the killing field of common stocks where everyone lost heavily never to regain what they lost. I still believe gold may lose the huge abnormal value it had but unlike common stocks you can rest assured at night when you wake up there is still value there. If this was not true why has gold outlasted any other type of monetary means throughout the world and like the gun it will soon be outlawed by the powerful and the bankers and taken from the common man. I think we are just seeing the tip of the iceberg as far as the problems this world is facing economically alot of which is being hidden through the manipulation of the markets. In europe after the war when paper currency was no good my family was saved by a small wedding ring from starvation. I hope this never happens here or anywhere again but the same group who ran the world into the socalled great recession are still inplace now unpunished and more then likely while attempt this money grab again in the near future.
Are you kidding they are loading up along with the feds by downgrading gold to the sheep. They will make out either way seeing the dollar will no longer be the worlds reserve currency due to the world that the dollar is no longer credible. Get in line and sell your gold to help these two out.
I wonder how the investors will treat the mouth piece of the government when they default? What will happen when other countries refuse to honor the dollar when the government defaults?
If the default actually takes place the already worthless dollar will be not even worth the ink. Who would accept the dollar knowing that the country it came from defalted and that their money was worthless. Guess what though the chinese are one step ahead of the game by using the worthless dollar to buy hard assets like precious metal mines. We can go two ways and raise the debt limit or default both of which is detrimental to this economy and this country.
When will you realize that gs is the voice of the feds and the feds are admittingly hoarding gold. Gold is used as money outside of the united states and if you were to show a dollar or a piece of gold of equal value they would rush to accept the gold and laugh at your dollar. Why do you think the russians, chinese and middle eastern countries are rushing to replace the dollar as the worlds reserve currency? They realize the gig is up. Watch goldman like kids in a candy store buy up gold while telling the mass who they hope doesnt realize the truth until its top late the lie gold is worthless.
Seeing the feds are busy as they say hoarding gold and its off the table if there is a default they dont want you to own gold. They want you to own stocks which we all know are so overpriced its crazy so once again the small and middle investor will be drained dry by something our republican congressional friends started. They got them in 08 and the same will happen now and I would say with negativity they have lately been very busy trying to dissuade people from doing what they are doing of buying gold. I have been in gold for years and have never seen precious metals so manipulated infact as much as the regular stock market was and is now. I remember Europe post WW2 when the gold wedding band was used to purchase food as currency much like today was worthless. We forget this as it is human nature to do so. But coming from that experience I warn you that we are about to entire possibly into the same scenerio and what little gold you have will put food and water on the table while stock certificates might rank with the dollar as worthless like in europe. If you think I am wrong look at the history its all there in black and white.
Funny thing with the government not selling as are the rest of the world once you sell you may not be able to rebuy at all.
If there is a default like some think why then has the fed come out and reported this morning that even with a default they will not part with the gold they have. As far as the rest of the stocks go if theres a default the stock market will collapse to the point we all fear. What was become a conspiracy theory of what if the government defaults is becoming a fact as the days go by.
Well the government is hoarding their gold and will not sell it even next week to pay debt. This was made public this morning.
Go right ahead and like 2008 they will pull the rug right out from under you. This whole thing is manipulation at its best. They want everyone into the S&P and then the little guy gets killed.
Old news that GS and others planned the slow down in gold so they could buy more which is exactly going on. The government is worried seeing the Chinese will demand their worthless dollars so they can use it to expand world wide the acquisition while working with the russians and middle east countries to replace the dollar as the worlds reserve currency. Forget the debt level it too will be hightened for the very reason mentioned above.
Funny thing the Chinese told Bernanke and Gitner at an imf meeting that the failure of the dollar will be taken by them as an act of war.