The Big Takeover

[jpinpb]

Partypup – gold at 5k?! Are you serious?

[partypup]

[quote=jpinpb]Partypup – gold at 5k?! Are you serious?[/quote]

Deadly serious. Don’t forget: for gold to reach it’s inflation-adjusted 1981 high, it would have to go to $2200/oz.

Now, does anyone on this board seriously think we’re not headed for something much, much worse than the 70s?

I’m not saying that this is coming next year. Probably closer to 2012. But the point is that ALL paper is going *poof*. It’s unavoidable at this point. Gold will be a very wild ride as TPTB seek to tame it and preserve the dollar’s twilight, but eventually their efforts will fail.

In 2007, they struggled to keep it under $700/oz. They failed.

In 2008, they struggled to keep it under $900/oz. They failed.

Now, they are trying to keep it under $1000/oz. And you will notice that no matter how hard gold gets hammered, it keeps settling back in the $950 range – despite the Plunge Protection Team’s efforts.

$1000 is just a matter of time. Even the hacks at Morgan Stanley see it at $1,200 in 2010, although I think they are being way too conservative:

“Gold, platinum and coal prices of US$1,000/oz, US$1,000/oz and US$75/t, respectively, in 2009, rising to US$1,200/oz, US$1,450/oz and US$90/t in 2010. We also assume that non-commodity export prices are down 10% in dollar terms. Export trade revenues are then converted at an average USD/ZAR rate of 10.30 in 2009 and 11.10 in 2010.”

http://www.morganstanley.com/views/gef/index.html

Here’s what’s interesting: only 2 months ago Morgan was calling gold at $1000 in 2010:

“International financial services company Morgan Stanley confirmed that it now sees gold prices at $900 per ounce in 2009 on average (up from $750) and $1,000 per ounce in 2010 on average (up from $825).”

Notice the pattern? I personally haven’t invested much at all in platinum because I am still concerned that it’s too much of an industrial commodity. Unlike gold and silver, it has never been considered sound “money”.

http://goldnews.bullionvault.com/Goldbug/gold_price/morgan_stanley_raises_gold_price_forecast_18985673

My broker (who has been preparing for financial Armageddon since 2004 and was fired from Morgan for scaring his clients out of stocks and into gold) told me back in 2006 that it was going to $10K/oz, at a minimum. Back then, it was $550. So he’s even more bullish than I am. He’s also even more bullish on silver because the supply is much tighter. I personally feel you can’t go wrong with either of these. Look at it this way: even if gold only hovers around $1,000 and silver clings to $13, you will still be much better off than anyone holding paper. Metals are, at their core, a way to protect what you have worked hard to earn; they aren’t a way to get rich overnight. But you’re not going to the poorhouse with these babies in your hand 🙂

[partypup]

[quote=jpinpb]Partypup – gold at 5k?! Are you serious?[/quote]

Deadly serious. Don’t forget: for gold to reach it’s inflation-adjusted 1981 high, it would have to go to $2200/oz.

Now, does anyone on this board seriously think we’re not headed for something much, much worse than the 70s?

I’m not saying that this is coming next year. Probably closer to 2012. But the point is that ALL paper is going *poof*. It’s unavoidable at this point. Gold will be a very wild ride as TPTB seek to tame it and preserve the dollar’s twilight, but eventually their efforts will fail.

In 2007, they struggled to keep it under $700/oz. They failed.

In 2008, they struggled to keep it under $900/oz. They failed.

Now, they are trying to keep it under $1000/oz. And you will notice that no matter how hard gold gets hammered, it keeps settling back in the $950 range – despite the Plunge Protection Team’s efforts.

$1000 is just a matter of time. Even the hacks at Morgan Stanley see it at $1,200 in 2010, although I think they are being way too conservative:

“Gold, platinum and coal prices of US$1,000/oz, US$1,000/oz and US$75/t, respectively, in 2009, rising to US$1,200/oz, US$1,450/oz and US$90/t in 2010. We also assume that non-commodity export prices are down 10% in dollar terms. Export trade revenues are then converted at an average USD/ZAR rate of 10.30 in 2009 and 11.10 in 2010.”

http://www.morganstanley.com/views/gef/index.html

Here’s what’s interesting: only 2 months ago Morgan was calling gold at $1000 in 2010:

“International financial services company Morgan Stanley confirmed that it now sees gold prices at $900 per ounce in 2009 on average (up from $750) and $1,000 per ounce in 2010 on average (up from $825).”

Notice the pattern? I personally haven’t invested much at all in platinum because I am still concerned that it’s too much of an industrial commodity. Unlike gold and silver, it has never been considered sound “money”.

http://goldnews.bullionvault.com/Goldbug/gold_price/morgan_stanley_raises_gold_price_forecast_18985673

My broker (who has been preparing for financial Armageddon since 2004 and was fired from Morgan for scaring his clients out of stocks and into gold) told me back in 2006 that it was going to $10K/oz, at a minimum. Back then, it was $550. So he’s even more bullish than I am. He’s also even more bullish on silver because the supply is much tighter. I personally feel you can’t go wrong with either of these. Look at it this way: even if gold only hovers around $1,000 and silver clings to $13, you will still be much better off than anyone holding paper. Metals are, at their core, a way to protect what you have worked hard to earn; they aren’t a way to get rich overnight. But you’re not going to the poorhouse with these babies in your hand 🙂

[partypup]

[quote=jpinpb]Partypup – gold at 5k?! Are you serious?[/quote]

Deadly serious. Don’t forget: for gold to reach it’s inflation-adjusted 1981 high, it would have to go to $2200/oz.

Now, does anyone on this board seriously think we’re not headed for something much, much worse than the 70s?

I’m not saying that this is coming next year. Probably closer to 2012. But the point is that ALL paper is going *poof*. It’s unavoidable at this point. Gold will be a very wild ride as TPTB seek to tame it and preserve the dollar’s twilight, but eventually their efforts will fail.

In 2007, they struggled to keep it under $700/oz. They failed.

In 2008, they struggled to keep it under $900/oz. They failed.

Now, they are trying to keep it under $1000/oz. And you will notice that no matter how hard gold gets hammered, it keeps settling back in the $950 range – despite the Plunge Protection Team’s efforts.

$1000 is just a matter of time. Even the hacks at Morgan Stanley see it at $1,200 in 2010, although I think they are being way too conservative:

“Gold, platinum and coal prices of US$1,000/oz, US$1,000/oz and US$75/t, respectively, in 2009, rising to US$1,200/oz, US$1,450/oz and US$90/t in 2010. We also assume that non-commodity export prices are down 10% in dollar terms. Export trade revenues are then converted at an average USD/ZAR rate of 10.30 in 2009 and 11.10 in 2010.”

http://www.morganstanley.com/views/gef/index.html

Here’s what’s interesting: only 2 months ago Morgan was calling gold at $1000 in 2010:

“International financial services company Morgan Stanley confirmed that it now sees gold prices at $900 per ounce in 2009 on average (up from $750) and $1,000 per ounce in 2010 on average (up from $825).”

Notice the pattern? I personally haven’t invested much at all in platinum because I am still concerned that it’s too much of an industrial commodity. Unlike gold and silver, it has never been considered sound “money”.

http://goldnews.bullionvault.com/Goldbug/gold_price/morgan_stanley_raises_gold_price_forecast_18985673

My broker (who has been preparing for financial Armageddon since 2004 and was fired from Morgan for scaring his clients out of stocks and into gold) told me back in 2006 that it was going to $10K/oz, at a minimum. Back then, it was $550. So he’s even more bullish than I am. He’s also even more bullish on silver because the supply is much tighter. I personally feel you can’t go wrong with either of these. Look at it this way: even if gold only hovers around $1,000 and silver clings to $13, you will still be much better off than anyone holding paper. Metals are, at their core, a way to protect what you have worked hard to earn; they aren’t a way to get rich overnight. But you’re not going to the poorhouse with these babies in your hand 🙂

[partypup]

[quote=jpinpb]Partypup – gold at 5k?! Are you serious?[/quote]

Deadly serious. Don’t forget: for gold to reach it’s inflation-adjusted 1981 high, it would have to go to $2200/oz.

Now, does anyone on this board seriously think we’re not headed for something much, much worse than the 70s?

I’m not saying that this is coming next year. Probably closer to 2012. But the point is that ALL paper is going *poof*. It’s unavoidable at this point. Gold will be a very wild ride as TPTB seek to tame it and preserve the dollar’s twilight, but eventually their efforts will fail.

In 2007, they struggled to keep it under $700/oz. They failed.

In 2008, they struggled to keep it under $900/oz. They failed.

Now, they are trying to keep it under $1000/oz. And you will notice that no matter how hard gold gets hammered, it keeps settling back in the $950 range – despite the Plunge Protection Team’s efforts.

$1000 is just a matter of time. Even the hacks at Morgan Stanley see it at $1,200 in 2010, although I think they are being way too conservative:

“Gold, platinum and coal prices of US$1,000/oz, US$1,000/oz and US$75/t, respectively, in 2009, rising to US$1,200/oz, US$1,450/oz and US$90/t in 2010. We also assume that non-commodity export prices are down 10% in dollar terms. Export trade revenues are then converted at an average USD/ZAR rate of 10.30 in 2009 and 11.10 in 2010.”

http://www.morganstanley.com/views/gef/index.html

Here’s what’s interesting: only 2 months ago Morgan was calling gold at $1000 in 2010:

“International financial services company Morgan Stanley confirmed that it now sees gold prices at $900 per ounce in 2009 on average (up from $750) and $1,000 per ounce in 2010 on average (up from $825).”

Notice the pattern? I personally haven’t invested much at all in platinum because I am still concerned that it’s too much of an industrial commodity. Unlike gold and silver, it has never been considered sound “money”.

http://goldnews.bullionvault.com/Goldbug/gold_price/morgan_stanley_raises_gold_price_forecast_18985673

My broker (who has been preparing for financial Armageddon since 2004 and was fired from Morgan for scaring his clients out of stocks and into gold) told me back in 2006 that it was going to $10K/oz, at a minimum. Back then, it was $550. So he’s even more bullish than I am. He’s also even more bullish on silver because the supply is much tighter. I personally feel you can’t go wrong with either of these. Look at it this way: even if gold only hovers around $1,000 and silver clings to $13, you will still be much better off than anyone holding paper. Metals are, at their core, a way to protect what you have worked hard to earn; they aren’t a way to get rich overnight. But you’re not going to the poorhouse with these babies in your hand 🙂

[partypup]

[quote=jpinpb]Partypup – gold at 5k?! Are you serious?[/quote]

Deadly serious. Don’t forget: for gold to reach it’s inflation-adjusted 1981 high, it would have to go to $2200/oz.

Now, does anyone on this board seriously think we’re not headed for something much, much worse than the 70s?

I’m not saying that this is coming next year. Probably closer to 2012. But the point is that ALL paper is going *poof*. It’s unavoidable at this point. Gold will be a very wild ride as TPTB seek to tame it and preserve the dollar’s twilight, but eventually their efforts will fail.

In 2007, they struggled to keep it under $700/oz. They failed.

In 2008, they struggled to keep it under $900/oz. They failed.

Now, they are trying to keep it under $1000/oz. And you will notice that no matter how hard gold gets hammered, it keeps settling back in the $950 range – despite the Plunge Protection Team’s efforts.

$1000 is just a matter of time. Even the hacks at Morgan Stanley see it at $1,200 in 2010, although I think they are being way too conservative:

“Gold, platinum and coal prices of US$1,000/oz, US$1,000/oz and US$75/t, respectively, in 2009, rising to US$1,200/oz, US$1,450/oz and US$90/t in 2010. We also assume that non-commodity export prices are down 10% in dollar terms. Export trade revenues are then converted at an average USD/ZAR rate of 10.30 in 2009 and 11.10 in 2010.”

http://www.morganstanley.com/views/gef/index.html

Here’s what’s interesting: only 2 months ago Morgan was calling gold at $1000 in 2010:

“International financial services company Morgan Stanley confirmed that it now sees gold prices at $900 per ounce in 2009 on average (up from $750) and $1,000 per ounce in 2010 on average (up from $825).”

Notice the pattern? I personally haven’t invested much at all in platinum because I am still concerned that it’s too much of an industrial commodity. Unlike gold and silver, it has never been considered sound “money”.

http://goldnews.bullionvault.com/Goldbug/gold_price/morgan_stanley_raises_gold_price_forecast_18985673

My broker (who has been preparing for financial Armageddon since 2004 and was fired from Morgan for scaring his clients out of stocks and into gold) told me back in 2006 that it was going to $10K/oz, at a minimum. Back then, it was $550. So he’s even more bullish than I am. He’s also even more bullish on silver because the supply is much tighter. I personally feel you can’t go wrong with either of these. Look at it this way: even if gold only hovers around $1,000 and silver clings to $13, you will still be much better off than anyone holding paper. Metals are, at their core, a way to protect what you have worked hard to earn; they aren’t a way to get rich overnight. But you’re not going to the poorhouse with these babies in your hand 🙂

[Arraya]

[quote=jpinpb]Partypup – gold at 5k?! Are you serious?[/quote]

That would be more from the dollar losing value than anything. The whole world is threatening to start new currencies and it may be a good idea to pay attention and think of what would happen if the dollar lost reserve currency status. Because that is where this party looks like it is headed.

http://www.washingtonsblog.com/2009/03/head-of-chinas-central-bank-proposes.html

There have been rumors and announcements from China about a new reserve currency.

And the IMF has said that it is considering printing hundreds of billions of dollars worth of its own currency.

Today, the two stories came together in a dramatic development. Specifically, the head of China’s central bank proposed making the IMF’s currency the world’s reserve currency, to replace the dollar.

Is this the start of a huge change, or just more posturing ahead of the G-20 summit next month?

Given that a U.N. panel will recommend that the world ditch the dollar as its reserve currency in favor of a shared basket of currencies, the attack on the dollar from Geithner and Bernanke’s various actions, and the fact that IMF is independently talking about printing large quantities of its own currency, the possibility that this is real cannot be totally dismissed.

speaking of music: Here is something fitting for reading todays news with…

http://video.google.com/videoplay?docid=3046209103914887914&ei=Oy3ISaGACIqe_AGesKXgAQ&q=portishead&hl=en

or

http://www.youtube.com/watch?v=e2Ma4BvMUwU

[Arraya]

[quote=jpinpb]Partypup – gold at 5k?! Are you serious?[/quote]

That would be more from the dollar losing value than anything. The whole world is threatening to start new currencies and it may be a good idea to pay attention and think of what would happen if the dollar lost reserve currency status. Because that is where this party looks like it is headed.

http://www.washingtonsblog.com/2009/03/head-of-chinas-central-bank-proposes.html

There have been rumors and announcements from China about a new reserve currency.

And the IMF has said that it is considering printing hundreds of billions of dollars worth of its own currency.

Today, the two stories came together in a dramatic development. Specifically, the head of China’s central bank proposed making the IMF’s currency the world’s reserve currency, to replace the dollar.

Is this the start of a huge change, or just more posturing ahead of the G-20 summit next month?

Given that a U.N. panel will recommend that the world ditch the dollar as its reserve currency in favor of a shared basket of currencies, the attack on the dollar from Geithner and Bernanke’s various actions, and the fact that IMF is independently talking about printing large quantities of its own currency, the possibility that this is real cannot be totally dismissed.

speaking of music: Here is something fitting for reading todays news with…

http://video.google.com/videoplay?docid=3046209103914887914&ei=Oy3ISaGACIqe_AGesKXgAQ&q=portishead&hl=en

or

http://www.youtube.com/watch?v=e2Ma4BvMUwU

[Arraya]

[quote=jpinpb]Partypup – gold at 5k?! Are you serious?[/quote]

That would be more from the dollar losing value than anything. The whole world is threatening to start new currencies and it may be a good idea to pay attention and think of what would happen if the dollar lost reserve currency status. Because that is where this party looks like it is headed.

http://www.washingtonsblog.com/2009/03/head-of-chinas-central-bank-proposes.html

There have been rumors and announcements from China about a new reserve currency.

And the IMF has said that it is considering printing hundreds of billions of dollars worth of its own currency.

Today, the two stories came together in a dramatic development. Specifically, the head of China’s central bank proposed making the IMF’s currency the world’s reserve currency, to replace the dollar.

Is this the start of a huge change, or just more posturing ahead of the G-20 summit next month?

Given that a U.N. panel will recommend that the world ditch the dollar as its reserve currency in favor of a shared basket of currencies, the attack on the dollar from Geithner and Bernanke’s various actions, and the fact that IMF is independently talking about printing large quantities of its own currency, the possibility that this is real cannot be totally dismissed.

speaking of music: Here is something fitting for reading todays news with…

http://video.google.com/videoplay?docid=3046209103914887914&ei=Oy3ISaGACIqe_AGesKXgAQ&q=portishead&hl=en

or

http://www.youtube.com/watch?v=e2Ma4BvMUwU

[Arraya]

[quote=jpinpb]Partypup – gold at 5k?! Are you serious?[/quote]

That would be more from the dollar losing value than anything. The whole world is threatening to start new currencies and it may be a good idea to pay attention and think of what would happen if the dollar lost reserve currency status. Because that is where this party looks like it is headed.

http://www.washingtonsblog.com/2009/03/head-of-chinas-central-bank-proposes.html

There have been rumors and announcements from China about a new reserve currency.

And the IMF has said that it is considering printing hundreds of billions of dollars worth of its own currency.

Today, the two stories came together in a dramatic development. Specifically, the head of China’s central bank proposed making the IMF’s currency the world’s reserve currency, to replace the dollar.

Is this the start of a huge change, or just more posturing ahead of the G-20 summit next month?

Given that a U.N. panel will recommend that the world ditch the dollar as its reserve currency in favor of a shared basket of currencies, the attack on the dollar from Geithner and Bernanke’s various actions, and the fact that IMF is independently talking about printing large quantities of its own currency, the possibility that this is real cannot be totally dismissed.

speaking of music: Here is something fitting for reading todays news with…

http://video.google.com/videoplay?docid=3046209103914887914&ei=Oy3ISaGACIqe_AGesKXgAQ&q=portishead&hl=en

or

http://www.youtube.com/watch?v=e2Ma4BvMUwU

[Arraya]

[quote=jpinpb]Partypup – gold at 5k?! Are you serious?[/quote]

That would be more from the dollar losing value than anything. The whole world is threatening to start new currencies and it may be a good idea to pay attention and think of what would happen if the dollar lost reserve currency status. Because that is where this party looks like it is headed.

http://www.washingtonsblog.com/2009/03/head-of-chinas-central-bank-proposes.html

There have been rumors and announcements from China about a new reserve currency.

And the IMF has said that it is considering printing hundreds of billions of dollars worth of its own currency.

Today, the two stories came together in a dramatic development. Specifically, the head of China’s central bank proposed making the IMF’s currency the world’s reserve currency, to replace the dollar.

Is this the start of a huge change, or just more posturing ahead of the G-20 summit next month?

Given that a U.N. panel will recommend that the world ditch the dollar as its reserve currency in favor of a shared basket of currencies, the attack on the dollar from Geithner and Bernanke’s various actions, and the fact that IMF is independently talking about printing large quantities of its own currency, the possibility that this is real cannot be totally dismissed.

speaking of music: Here is something fitting for reading todays news with…

http://video.google.com/videoplay?docid=3046209103914887914&ei=Oy3ISaGACIqe_AGesKXgAQ&q=portishead&hl=en

or

http://www.youtube.com/watch?v=e2Ma4BvMUwU

[partypup]

[quote=arraya][quote=Allan from Fallbrook]Scaredy: If you like Miles, try out Coltrane. Seriously.[/quote]

Agreed, Miles and Coltrane are brilliant.

Partypup- Congrats on the baby!

[/quote]

Thanks, Arraya!! He is truly, and without question, the best thing that has ever happened to me 🙂 I am seeing my world in color for the first time.

[partypup]

[quote=arraya][quote=Allan from Fallbrook]Scaredy: If you like Miles, try out Coltrane. Seriously.[/quote]

Agreed, Miles and Coltrane are brilliant.

Partypup- Congrats on the baby!

[/quote]

Thanks, Arraya!! He is truly, and without question, the best thing that has ever happened to me 🙂 I am seeing my world in color for the first time.

[partypup]

[quote=arraya][quote=Allan from Fallbrook]Scaredy: If you like Miles, try out Coltrane. Seriously.[/quote]

Agreed, Miles and Coltrane are brilliant.

Partypup- Congrats on the baby!

[/quote]

Thanks, Arraya!! He is truly, and without question, the best thing that has ever happened to me 🙂 I am seeing my world in color for the first time.

[partypup]

[quote=arraya][quote=Allan from Fallbrook]Scaredy: If you like Miles, try out Coltrane. Seriously.[/quote]

Agreed, Miles and Coltrane are brilliant.

Partypup- Congrats on the baby!

[/quote]

Thanks, Arraya!! He is truly, and without question, the best thing that has ever happened to me 🙂 I am seeing my world in color for the first time.

[Author]

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