Gold Prices Sky rockets

[MasterWolf1]

http://www.thestreet.com/_aol/s/gold-surges-past-900/newsanalysis/metals-and-mining/10398542.html??cm_ven=AOL&cm_cat=FREE&cm_ite=NA?cm_ven=AOL&cm_cat=FREE&cm_ite=NA

It seems the only thing left at this point that has surged.  Cause the US Dollar been dropping like a brick.

[dejavu]

I'm happy i have not been a fan of the direction the economy has been going since 2005 and invested about 1/3 of my assets in gold when it was at 435ish in july of 2005 and it has been pretty good for me ever since...

I still think it is going to go much higher though because of the rate cuts that happened earlier this week and the ones that are expected tomorrow morning proving that the risk of stagflation is real i honestly think that gold could be at $1200/oz by the 3rd quarter this year and that may not even be the top.  The reason... gold has real value unlike the paper and the fed that we have been putting our trust in.

Btw financial stuff is my other hobby other than politics. 

[MasterWolf1]

This is very important for people to be aware of that their money won't become equal to monopoly money

[dejavu]

Since you seem somewhat interested did you see this gem from the IMF...?

http://youtube.com/watch?v=1SnXcc8Jeeg

Suggesting other countries should run a deficit like we do in the US to help pull the US economy out of recession.

[Ari]

I love this stuff too!

[JTFFan]

I love this stuff too!

Quite good

[Eliezer Ben Avraham]

i thought prices went down a bit lately

[KansasJew]

I recovered my losses from this past week. This is good news

[Dr. Dan]

This is very important for people to be aware of that their money won't become equal to monopoly money

That's why i'm spending it now..