Re: Reasons for coming Explosion in Gold Price
posted on
Nov 27, 2008 02:00PM
Great article Goldtender - thanks. These figures are simply mind boggling & it appears this process of bailouts & printing more & more money is accelerating day by day. Where does it stop? Haven't we already given out 58 % of the U.S. GDP in about 2 months? Eventually the U.S. dollar will be so diluted that it will end up getting hammered & gold will be the beneficiary.
Most of us agree that we have never witnessed such a financial crisis & heaven only knows what 2009 will bring. Some of these large corporations should be allowed to fail- small businesses would have no choice. How has the little guy benefited with the mortgage crisis? Why should Christmas bonuses be allowed with the corporate giants - simply unbelievable practicality & morality - hard to believe these guys can look themselves in the morning each morning -- no conscience - haven't learned their lesson re corruptive GREED!