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Re: TNP post# 21429

Sunday, 11/14/2010 9:17:18 AM

Sunday, November 14, 2010 9:17:18 AM

Post# of 118202
The rise in gold is just getting started, it can easily exceed $5000. As long the rate of inflation is greater then what peopel are getting on savings, the savings will continue to flow into gold for the next several years. So how long will inflation last? As long we have a budget that exceeds our income by double, a whopping $4 trillion a year. The federal reserve will create bonds to make up for the lack of investors for their T-bills, bonds, and notes; on top of their QE1 and 2 which is also coming into the system. As long as they have to print money to keep rolling over our ever increasing debt with newly created money, gold will keep rising. This is happening not just here but in most G20 countries to the tune of $10 trillion in 2011 alone. The idea of a gold bubble is a joke as less then .4% of the American people's assets are invested in gold. Chinese buy 12 times the gold, Indians buy 20 times, and Vietnamese buy 44 times as much gold as Americans, which is incredible considering how much higher our average income is. The rest of the world views gold as money, we are behind the curve this time.
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