gold standard CNBC

User Forum Topic
Submitted by scaredycat on October 21, 2009 - 9:58am

anybody see the clip on CNBC today on which the normal talking heads talk about bogus fiat systems and a potential return to the gold standard? While this could be a market top type signal, my gut tells me this is the beginning of a large decade long move up in gold right now. I'm willing to call it, gold 10,000 U.S. dollars (if us dollars still exist) by 10/10/2016.

‹ The View From Inside a Depression cnbc doesnt get california at all ›
Are you saying gold will be
Submitted by DataAgent on October 21, 2009 - 10:18am.

Are you saying gold will be $10,000 an ounce by 2016?

yup. 10k an ounce. dow at
Submitted by scaredycat on October 21, 2009 - 10:27am.

yup. 10k an ounce. dow at 10,000.

however, short-term trading
Submitted by scaredycat on October 21, 2009 - 10:28am.

however, short-term trading wise, whenever i feel buoyantly optimistic, it is almost always a massive sell indicator.

http://www.cnbc.com/id/158402
Submitted by scaredycat on October 21, 2009 - 12:22pm.

http://www.cnbc.com/id/15840232?video=13...

above is the link...

note to self; if i ever start sounding like the billthefhaguru guy and talking about my gold experience and how much dough I made i must shoot self in head. always be humble. beginner mind.

Scardycat you are making me
Submitted by aldante on October 21, 2009 - 12:33pm.

Scardycat you are making me cry I am laughing so hard. Your unparralled conviction is amazing.

i may be a scaredycat, but
Submitted by scaredycat on October 21, 2009 - 12:48pm.

i may be a scaredycat, but even a scaredycat has to be somewhere. you're either in the dollar or somewhere else. i been somewhere else a while now. i'm scared of america

Gold Bugs are way way way
Submitted by sobmaz on October 21, 2009 - 3:54pm.

Gold Bugs are way way way over bullish.....a major sell signal.

The General public have very little if any Gold and what Gold they do have they run to "Cash 4 Gold" centers.

The General INVESTING public is convinced gold is a bubble, ready to pop.

Gold bugs led the bull market the last 9 years, when Bugs were too bullish, Gold plunged and when too bearish, Gold surged.

Gold "BUG" means someone who understands the nature of Gold. Understands that it was once a currency, not because it is "pretty" but because it was of limited supply and therefor always had value due to scarcity. Gold "BUGS" are people who understand that the U.S. dollar is just as good Gold, if only the Dollar was of equal limited supply and scarcity.

"Bugs" know that new Gold is mined, ever increasing the supply, at a rate of about an additional 2% a year. "BUGS" know that Dollars could be made just as scarce as Gold and therefore the Dollar would be preferable for storing wealth and commerce.

"BUGS" know that the scarcity issue is of the utmost importance. If Gold could be made at will, it would plunge in value. "BUGS" know that for the Dollar to be equal to Gold, the Dollar must be scarce.

We are now at the point that every "BUG" knows that Central Banks are printing money at ever increasing rates, especially the United States. If Dollars can be printed at will, free of charge, how exactly is there any scarcity in the equation?

Bugs are nearly all bullish and who will take the bull market forward? The Public that knows nothing of Gold will.

Boomers have saved their entire lives for retirement and now that it approaches the interest earnings on their savings are rapidly approaching ZIP. The choice is their life savings earning ZIP or risking it in the stock market, bonds (which you can lose money on if rates rise) or real estate.

The very politicians in Washington, both Democrat and Republican, who are bought and paid for by big business and their lobbyists are the responsible party for keeping the U.S. Dollar scarce, along with the FED.

"BUGS" are 100% bullish because they understand the issues revolving around the worlds reserve currency, the Dollar, and have for quite some time but have never seen the irresponsibility of Washington at these levels.

"BUGS" are fully invested, they will not carry this Golden Bull forward, the public, as they learn the hard way, will carry the Bull from this point.

If the FED ever had to raise rates to 10% to defend the dollar or combat inflation this country would implode. Our Government would need to spend 1.5 trillion a year on interest payments alone! Of course no one cares because "Deflation", according to the FED, is the problem.

(you'all hear tuitions at public universities went up 6.5% last year? How about your medical costs? Insurance costs? Hair cuts? )

What will send Gold to the thousands will be unlimited dollars that "earn" nothing unless they are risked in the stock market or real estate. The days of wealth preservation in the dollar are gone, the days of gambling with the next bubble are here.

GOLD AND ECONOMIC
Submitted by sobmaz on October 21, 2009 - 4:00pm.

GOLD AND ECONOMIC FREEDOM..............

http://www.321gold.com/fed/greenspan/196...

This article written by Alan Greenspan in 1966 was printed well before Greenspan entered politics. He could actually say what he thought, of course that all ended a few years later.

His essay was reprinted at the above link but you can easily validate the essay, it was written by Greenspan.

I agree with scardycat.
Submitted by Jim Jones on October 21, 2009 - 6:43pm.

I agree with scardycat. Usually those who show up last loose the most.

dont agree with me. i don't
Submitted by scaredycat on October 21, 2009 - 8:27pm.

dont agree with me. i don't even agree with me. im not even sure i said anything.