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 Replies: 7 / Views: 1,529 |
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Pillar of the Community
United States
2120 Posts |
http://www.cnbc.com/id/48156196If I've learned one thing, when the banks tell you to do one thing, check what they themselves are doing. I do agree though, we are going to see movement in the fall, that is most likely inevitable. Thoughts?
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Pillar of the Community
United States
7191 Posts |
The topic is gold to $2,000 but at the end they talk about $1,300.
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Pillar of the Community
 United States
2120 Posts |
well, they point out that Merrill Lynch is telling customers $2,000 from QE speculations, but that opposing opinions speculate more like $1,300.
They are just offering what appears to be an semi-unbiased article on the economy. Shocking, I know...
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Pillar of the Community
United States
648 Posts |
We will hit $2k an ounce, it's a matter of when.
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Pillar of the Community
United States
593 Posts |
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We will hit $2k an ounce, it's a matter of when. Indeed. This year? Next year? Twenty years? It will happen. When IS the big question! |
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Pillar of the Community
United States
2120 Posts |
Quote:
We will hit $2k an ounce, it's a matter of when. The only problem is, when we hit $2k/oz gold, will coffee be $10 a cup? |
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Bedrock of the Community
United States
36745 Posts |
$2k is not that far away, we've already been at $1900 and it can move back up there in a matter of days. Watch what happens if Iran shoots at a tanker in the gulf or Israel decides to take out a nuke plant. We could be at $2500 real quick.
And that $10 cup of coffee is just around the corner even if gold is not at $2k. Just like gold being manipulated, so is the dollar to the up side.
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Pillar of the Community
United States
4008 Posts |
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If I've learned one thing, when the banks tell you to do one thing, check what they themselves are doing. Banks do seem to have that kind of rep, don't they? I agree that what they do is FAR more important than what they say. Bankers are OK but banksters are not and it can be difficult to tell which ones are which. Personally, I would not trust Merrill Lynch any further than I could throw their main office building in NY. It is interesting that M-L is telling their clients to buy gold, though. Predicting a $2000 or higher price is telling them just that. Brokers have shunned gold for a long time now because they earn commissions on selling paper assets, not real assets. Money that leaves a brokerage account and goes into a gold account rarely, if ever, returns. So... why are they doing this? Quote:
Just like gold being manipulated, so is the dollar to the up side. BONG! And we have a winner! |
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Replies: 7 / Views: 1,529 |
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Posted 07/12/2012 1:44 pm
