Of passing interest to fellow "goldbugs"

topstuf

From a little expected source, too. JP Morgan Chase?????? Thot they wuz AGAINST gold.

Hmm....doth the worm turn?

gold at $6,000 ????

100proof1957

not in my lifetime !

earlwbollinger

Another marketing ploy to get "investors" to buy buy buy.

Longacre

In David Hall's book "A Mercenary's Guide to the Rare Coin Market", several experts predicted that the price of gold would raise above $1000, and some predicted above $5000. The book was written in the 1980's, so obviously the predictions were a little off. But the rest of the book is a very interesting read. I recommend it.

cladking

There is no real chance of deflation because it is politically impossible. There would be huge
negative tax rates before any deflation could get a good start.

Inflation and higher gold prices are probably a given. Don't look for $6,000 gold in the near
term though. There would have to be a huge amount of inflation before this happened and in
all probability it won't be necessary.

msch1man

$6000 per ounce??? Probably about the time the Dow crosses 100K.

topstuf

cladking.....serious DEflation could easily cause it. I am in the DE-flation camp.

I invite all IN-flationists to do the following:

Buy a single family house (on spec) at today's price and today's "inflationary" low interest rates.

Put up with a paltry few months of negative cash flow.

Sell the place and.....REAP the BOUNTY.

I expect deflation to hit very hard and very unexpectedly to most folks.

I see gold as simply an insurance as being a saleable commodity when nothing else is.

We are NOT going to have a rising economy after the elections. The only thing holding it together now....IN MY OPINION ONLY.....is the blush of the seeming victory of Bush.

After that is over, the debt (which is deflationary) should overwhelm the world.

And when the US goes, so does the world. Unless they can find another source of consumers with no brains who save almost NOTHING.

Militarily the US is on top. Economically, we are broke.

Gold bought ENORMOUS assets in the collapsing Weimar Republic.

But, whadda I know?

......................
Contact me at the Bilderberger Hotel.......