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Re: permabear post# 1870

Friday, 06/18/2010 11:23:23 AM

Friday, June 18, 2010 11:23:23 AM

Post# of 17231
OK, that was an interesting interview. He definitely says gold has topped (although it has gone up more today) and the dollar will get stronger. He said deflation is here and everyone is broke.

Here's where he's wrong: Not everyone is broke. The richest global elite have gotten exponentially richer. They don't bother with funny money. THEIR money is gold.

American debt has never been higher. China is dollar rich. HOW is America going to pay back these unpayable debts? Yep. They will print their way out. Will China sit back and watch their dollar holdings weaken as they get paid back with more funny money? NO. I think they and everyone else will go to gold and silver. That's why gold keeps going up.

Silver continues to look more and more undervalued as gold continues is ascent. US Silver is absurdly undervalued.

JMHO.
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