Home › Forums › Financial Markets/Economics › Peter Schiff last night on Fast Money
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wannabe2077.
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November 25, 2008 at 8:52 AM #309253November 25, 2008 at 8:52 AM #308787
wannabe2077
ParticipantGold prices are a function of supply and demand. If people lose all their money in stock market and lose their jobs buying gold is the last thing on their mind.
Gold will rise only if the government floods the market with $$$. The Feds are stingy with cash – they did back out the initial program to buy troubled assets. Of course they reversed course with Citicorp.
It is not like the banks are freely lending money.
November 25, 2008 at 8:52 AM #309157ParticipantGold prices are a function of supply and demand. If people lose all their money in stock market and lose their jobs buying gold is the last thing on their mind.
Gold will rise only if the government floods the market with $$$. The Feds are stingy with cash – they did back out the initial program to buy troubled assets. Of course they reversed course with Citicorp.
It is not like the banks are freely lending money.
November 25, 2008 at 8:52 AM #309177ParticipantGold prices are a function of supply and demand. If people lose all their money in stock market and lose their jobs buying gold is the last thing on their mind.
Gold will rise only if the government floods the market with $$$. The Feds are stingy with cash – they did back out the initial program to buy troubled assets. Of course they reversed course with Citicorp.
It is not like the banks are freely lending money.
November 25, 2008 at 8:52 AM #309197ParticipantGold prices are a function of supply and demand. If people lose all their money in stock market and lose their jobs buying gold is the last thing on their mind.
Gold will rise only if the government floods the market with $$$. The Feds are stingy with cash – they did back out the initial program to buy troubled assets. Of course they reversed course with Citicorp.
It is not like the banks are freely lending money.
November 25, 2008 at 8:52 AM #309258ParticipantGold prices are a function of supply and demand. If people lose all their money in stock market and lose their jobs buying gold is the last thing on their mind.
Gold will rise only if the government floods the market with $$$. The Feds are stingy with cash – they did back out the initial program to buy troubled assets. Of course they reversed course with Citicorp.
It is not like the banks are freely lending money.
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