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Message: Euro Gold Breakout

New all-time high breakout for gold as priced in Euros:

http://www.youtube.com/watch?v=5sgjyM29Leg&feature=sub

Gold rising in all currencies is the best of all worlds, because:

A) 6 billion potential buyers worldwide vs. 300 million buyers in the US.

B) Bernanke will have less international pressure to stop printing money if all fiat currencies move down together.

C) Europeans won't be able to use their Euros to buy up the US from underneath us. Only those holding gold, in whichever country, will be left to buy depressed assets when the inflationary wave subsides.

Hysteria


Dec 02, 2009 05:48PM

Dec 02, 2009 06:16PM
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