Another billiionaire bullish on gold
RevDrBlimber
Posts: 391
This was at Kitco today, apologies if redundant:
"In discussing gold during the interview he said, 'I believe it's going a lot higher...it's going to have a parabolic spike, caused by some event or some loss of confidence...a US dollar crisis would be a perfect example. That will cause gold to go through the roof, and then everybody will want to own it...I don't think we're even close to that yet...Gold will probably have a much greater run than some of the other hard assets--because it's also a currency.'" (19:16)
http://www.kitco.com/ind/Tommy/20120905.html
"In discussing gold during the interview he said, 'I believe it's going a lot higher...it's going to have a parabolic spike, caused by some event or some loss of confidence...a US dollar crisis would be a perfect example. That will cause gold to go through the roof, and then everybody will want to own it...I don't think we're even close to that yet...Gold will probably have a much greater run than some of the other hard assets--because it's also a currency.'" (19:16)
http://www.kitco.com/ind/Tommy/20120905.html
0
Comments
I knew it would happen.
sure it may continue to run up on dollar weakness, but it will get hit hard again just like it did at 38.
It will just re-discourage people all over again.
I am with the "don't fight the fed" crowd.... the "other" don't fight the fed crowd, that is the one that knows the Fed can't help the massive debt we have and will just flail away. Why fight what is apparently destiny?
Gold up once that realization hits people.