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Message: further

Re: further (Gold, U.S. dollar) - "The worst is yet to come" in 2009!

in response to by
posted on Aug 23, 2009 12:23PM

Most of us still think realistically the price of gold will rise to $1200 - 1500/oz by end of 2009! By end of Oct. I predict the dung will hit the fan big time in the U.S. Home foreclosures are still rising, 9-10% of home owners are behind on their mortgage payments, pension funds state wise are plummeting (many in deficit position to the tune of 10's of Billions) etc - an rise in interest rates is looming & will kill many people. Bottom line there is TOO MUCH DEBT!

U.S. dollar at top of a very slippery slope & losing respect all over the world. The worst is yet to come!

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