Home › Forums › Financial Markets/Economics › Gold on front page of New York Times
- This topic has 56 replies, 6 voices, and was last updated 12 years, 2 months ago by EconProf.
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June 13, 2010 at 9:39 PM #565343June 13, 2010 at 11:08 PM #564405scaredyclassicParticipant
just buya couple coins a month. put them away. timinig is not possible.
June 13, 2010 at 11:08 PM #564501scaredyclassicParticipantjust buya couple coins a month. put them away. timinig is not possible.
June 13, 2010 at 11:08 PM #564999scaredyclassicParticipantjust buya couple coins a month. put them away. timinig is not possible.
June 13, 2010 at 11:08 PM #565105scaredyclassicParticipantjust buya couple coins a month. put them away. timinig is not possible.
June 13, 2010 at 11:08 PM #565388scaredyclassicParticipantjust buya couple coins a month. put them away. timinig is not possible.
June 13, 2010 at 11:37 PM #564415scaredyclassicParticipant3000 an ounce, and a loaf of bread will be 10 bucks.
June 13, 2010 at 11:37 PM #564511scaredyclassicParticipant3000 an ounce, and a loaf of bread will be 10 bucks.
June 13, 2010 at 11:37 PM #565009scaredyclassicParticipant3000 an ounce, and a loaf of bread will be 10 bucks.
June 13, 2010 at 11:37 PM #565114scaredyclassicParticipant3000 an ounce, and a loaf of bread will be 10 bucks.
June 13, 2010 at 11:37 PM #565398scaredyclassicParticipant3000 an ounce, and a loaf of bread will be 10 bucks.
February 13, 2012 at 6:41 AM #737832EconProfParticipant[quote=stockstradr]Gold on front page of NYT (and same story in other news media) is why I dumped all my gold several months ago.
I’ll risk later ridicule and make three predictions:
1) Gold will hit $800/ounce before it hits $2000/ounce.
2) When that happens – probably within 12 months – then I’ll back up my truck and load up portfolio with gold.
3) Within five years we see $3,000/ounce.
We are still in a strongly deflationary recession with deflation about to enter nasty second leg down. I say you do not want to hold gold in near term.[/quote]
stocktradr, if I remember correctly, you have a pretty good track record with the markets, so I’d like to hear why you think we are in a deflationary environment. By most accounts, our economy is now expanding at around a 3% rate, employment recovering slowly but surely, and housing will find its bottom this year. Doesn’t this predict inflation instead of deflation? What do you see hitting us that would be deflationary? -
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