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Message: Re: COMEX could bust soon
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Dec 06, 2008 08:10PM
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Dec 07, 2008 06:01AM
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Dec 07, 2008 07:37AM
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Dec 07, 2008 10:00AM
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Dec 07, 2008 11:42AM
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Dec 07, 2008 12:31PM

Dec 07, 2008 04:45PM

KX3
Dec 07, 2008 11:54PM
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Dec 08, 2008 04:35AM
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Dec 08, 2008 07:37AM

Dec 08, 2008 08:17AM
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Dec 08, 2008 10:20AM

It seems to me that the additional yearly supply of gold is a miniscule rivulet as opposed to the huge sunamis of money being created.

Past US administrations have as much as admitted to controlling the price of gold to protect the value of the dollar despite huge amounts of new dollars being created. I believe it was during the Reagan administration that a special team to do just that was created and it has existed ever since.

The other day I saw Jeff Rubin, the chief economist of CIBC world markets on BNN. He was clear about the fact that in his view, gold was going much higher and the US$ lower in 2009. He ascribed this mostly to the huge amounts of new dollars being created and being "monetized" over the next year or so. I think he knows what he's talking about and this view is supported by many other very knowledgable economists.




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Dec 08, 2008 11:52AM
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