Roubini: A Big Crash Is Coming, But I Don't Believe in Gold

The Big Crash is surely coming // Elizabeth this is the big one honey I'm Coming

GLL when gold gets to $1100

If you don't have a job, this is a depression. Ask the millions who have weekly paychecks from unemployment insurance how many weeks they have left.

Also, if there ever is a Depression, and things actually got that bad, someone will clock you and take your gold anyways.

BINGO!!!... the proverbial light at the end of the tunnel is the LOCOMOTIVE...

Just follow the trend: www.originalturtletrader.com

I disagree. We're already seeing signs of inflation: Oil is up over 100% from its bottom $35 to $80 plus. Commodities are going up. Food prices are going up. Contents are getting smaller per package. You never spoke about the declining dollar which oil and gold are a hedge against. As long as the government believes in cheap money, and the printing presses keep rolling, the dollar falls while commodities rise. We're in a period of stagflation, because home prices still are falling, and I expect homes to get cheaper as unemployment rises, and foreclosures hit another wave. America is in deep-doo, and tent cities are already developing. Until we produce something that is viable to the worlds needs, emerging countries like Brazil and China will need less of our services and products. Our whole system needs to be overhauled, and we need to start with Congress, and move from there.

Look, I studied history and the stock market for 8 years. This IS the time for gold. Now and the coming 3 to 5 years. That is for making profits. In one or two years there will be a transition period, a crisis that will be unbelievable. What we had the last years was no crisis. And remember, it's NOT about inflation or deflation. It's about that people lose confidence in the goverment and banks. The trust and reliability will be more gone than even now and money from the government needs these, otherwise it's just paper. So if you're smart buy gold and hold it until after the crisis when it will be money again. Paper money will be based on gold again like in the 50's and 60's....

I'm shocked that a man who does not understand the concept of deflation or money for that matter would have this wrong. Hey moron if everything crashes again it will be a depression. Remeber to put your hockey helmet on before you go out Noriel you bafoon.

Yes the current administration and congress are putting allot of negative pressure on the economy and jobs. We are seeing the economy naturally come out of its downturn, with the big possibility it will be smacked back down because of all the bad policies in Washington right now.

Welcome back doofus. The market is up about 80% since your last visit, Amazon just reported record profits today. Glad to hear you don't get confused by the facts.

damn atheist

Why would there be hot demand for gold in a depression? In a depression, people need jobs, not gold. Right now, the best investment is no investment....CASH! Remember who told ya. I am always outtafavr.

Why invest in stones? I would rather invest in gold-mining business with good dividends.

Ill bet it will crash after awhile.

Although I believe this market is way too high, I do not believe there is going to be any significant downturn. Track the quarterly reports and correlate the monthly reports to the market and you will see regardless of the economic indicators and/or corporate reports, the market is on a steady move northeast. If you watch the dips, they are not significant because they are usually corrected in the afternoon, or within 3 business days... Masterfully crafted commentary have turned shit economic events into petty nusances. Mysteriously, key economic information is briefly touched upon and rarely brought to detailed scruntiny. e.g. CRE and Toxic Assets. In quite a few cases, the public is prompted to look at smaller, less intrusive events than economically more tragic events. Today was one of the few days where transportation results made headlines that actually trumped the real estate bullshit message. You also have people enamoured with the banks making huge profits causing the stock market to rise whereas you receive very little information on the key manufacturing sector losing jobs. As more and more people lose their jobs, more and more nothing is done... but a lot of comments are made about how little, insignificant things mean so much to America. The stock market does not create jobs, but the stock market affects the economy. The stock market is going to get propped up with money for as long as necessary avoiding any and all crashes. It's really simple to figure this stuff out. It takes a little time, but just do what I did ... correlate the different reports to the ebbs and flows of the market.... Someone, something is keeping this market up ...

Roubini must still be shorting the market, or he missed the March rebound and wants an opportunity to get in.

I agree with this guy.Gold is still just a commodity, not an investment. If your really want to take some risk, have a go at trading options (commodities)

I tend to agree. Gold is great as a currency because that means no inflation. There's only a few practical applications for it. Owning companies that produce commodities is much more worthwhile in my opinion.

Thomas...I agree with you that the market is being propped up. I wonder though how long they can do it.