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Message: Markets

Goldman Sachs sees much lower POG long term. Really?

http://www.mineweb.com/news/gold/goldman-sachs-stays-ultra-bearish-gold-long-term/

Goldman is not alone among big banksters in spreading such forecasts. The problem is, one can never know when they are telling the truth, or being self serving (to put it mildly).

For example, how many years now has it been that our Fed has been "hinting" at higher interest rates to come, while they have been overseeing a steep and historic decline in commercial interest rates. In fact, we are on the cusp of a another rush into mortgage refinancings.

...and in speaking of lower interest rates for autos, homes, savings plans, etc., where are the lower rates for credit cards? Where are the Congressional inquiries into this unfree credit card market that is keeping many banks afloat?

Only real money can create real trust in the system, as was proven by Constantine the Great over some 800 years, and by the U.S. for some 200 years while "hard" currency was the only money.

As long as increasing distrust in the system prevails, gold should continue to rise. But my name isn't Goldman Sachs, or Barclay's, or JPMoran-Chase, etc., so what can I know.

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