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Re: On the other hand...

PostPosted: Thu Feb 17, 2011 11:30 pm
by Pixel8r
Don't say you haven't been warned, but I think he could of made a typo and it should have been shorts rather than goldbugs. :lol:

Gold bugs about to get squashed

Dump gold, buy stocks for the decade ahead, newsletter editor says

BOSTON (MarketWatch) — Dedicated gold investors will get crushed by the market, as economic themes change and the decade ahead produces upbeat results for stocks, says newsletter editor Jim Lowell.

“There’s a big fly-swatter that’s about to squash gold bugs,” said Lowell, editor of the ETF Trader newsletter, published by MarketWatch, during an appearance on the “Your Money with Chuck Jaffe” podcast.

“Gold is about to go bust,” he said. “There is not a supply issue with that commodity. Never has been … and as soon as the world banks decide that one way to bail out their fiscal mishaps will be to sell gold at historically high prices — gold that they were buying in metric tons just last year — I think you will see a run on gold to the tune of 20% to 30% to the downside.” Listen to the full interview with Jim Lowell.

Re: On the other hand...

PostPosted: Fri Feb 18, 2011 10:31 am
by fexx
...and as soon as the world banks decide that one way to bail out their fiscal mishaps will be to sell gold at historically high prices


This guy clearly does not understand the scale of the problem.

The current rate of increase in the national debt would eat up the Bank of England's entire gold bullion reserves in just 7 weeks.

http://www.debt-clock.org/

Re: On the other hand...

PostPosted: Tue Jan 07, 2014 12:43 pm
by Laura
Might have been posted before?
That Galbraith person again, from last November. My jaw dropped open at 7.47. I listened to it 4 x. He definitely said "assets" :wtf:
Now why didn't the 'formula' blonde ask him to give a definition of the word instead of looking at her bits of paper :evil:

Watch on youtube.com