I don't give him as much weight as before anymore. I don't see a big problem for a very well justified change in opinion. But the facts hardly changed at all while he still changed his opinion. The frustrated bull thing is a joke. If only 5% of all the worlds investment wealth went into gold for "insurance" reason (no speculation etc.), we would have a clear Mars shot already.
Shoot, that's not good. I wish they would wait a little longer. I really don't have enough yet. If now "our" "elite" wakes up, then even more shoot.
Got to be in it to win it.
Highlighting is from me.
When the German/Swiss/Italian will try to do the same with their gold in the US, they will get a nice paper promise in return.
I agree 100%. Everytime gold will only go near $1,000, people will fall into a buying frenzy. I mean, I will, that's for sure. The USD is dead in the water - and everyone knows it.
http://www.spiegel.de/international/german...41758-2,00.html
Of course not. They default by inflation, but at the same time there will be confiscation (e.g. of European national gold treasures stored in the US). It's going to be interesting indeed.
A nice analysis. Personally I think that hyperinflation is the only way for the US because of the exact consequences of a default Lynch describes
http://www.glgroup.com/News/Dollar-destine...blic-42857.html
It's not possible, not politically practical. There is no real way around hyperinflation. King must know this.
Imagine all these BTLers, FTBers etc. dangling over the Property Precipice at 15%!
What about the 'correction' down to below $700 after it had reached $1,000?
EDIT: If there's a Brownian Motion behind it then it has infinitely many corrections every month anyway.