On the other hand...

24Knews main news & discussion threads
Forum rules
Please read: 24Knews Forum Rules

Re: On the other hand...

Postby Pixel8r » Thu Feb 17, 2011 11:30 pm

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.
"Money is Gold, and nothing else"
(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
User avatar
Pixel8r
Founder
Founder
Rhodium Rocket
Rhodium Rocket
 
Posts: 18512
Joined: Fri Dec 04, 2009 4:16 pm
Location: South West UK

Re: On the other hand...

Postby fexx » Fri Feb 18, 2011 10:31 am

...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/
Disclaimer - I am not backed by anything.
User avatar
fexx
Silver Eagle Member
Silver Eagle Member
Progress to next rank:
85.6%
 
Posts: 413
Joined: Mon Dec 07, 2009 9:17 am

Re: On the other hand...

Postby Laura » Tue Jan 07, 2014 12:43 pm » Google Chrome 31.0.165 Google Chrome 31.0.165  Windows Seven Windows Seven  Screen Resolution: 1366 x 768 1366 x 768

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
Sai Baba, when asked the question "What is the purpose of physical life?" responded: "To learn not to do it again."
User avatar
Laura
Half Krug Member
Half Krug Member
Progress to next rank:
71.8%
 
Posts: 1628
Joined: Tue Dec 08, 2009 11:03 am

Previous

Return to Main Discussion Forum

Who is online

Users browsing this forum: No registered users and 4 guests