October 13, 2009
– Comments (10)
I thought you might find this link interesting.
From the Financial Times.
That's interesting, and certainly helps back up TMFSinchiruna's thesis that gold should hit at least $1500 an ounce.
certainly a fair amount of inflation priced in. I expect that inflation to occur but if not we could see $600 real fast.
Don't think Sinch will like being called a "gold bug".
That's kind of become a pejorative , my guess that wasn't your intent Devoish.
thanks for the link, that was a neat graph.
Tasty is right on regarding the term gold bug. And I also agree, excellent graph. And yes, in nominal terms, gold has made all time highs relative to most fiat currencies. But in real terms, it is still well below its peak value. This article goes along well with the article you post above Real Gold Highs. Thanks!
For Sinch and Those Who Believe Gold is Undervalued.
Posted as a thank you for all the work you've shared.
Haven't you people heard of Bentanomics? lol.
Sinclair missive tonight... Seems like something big is brewing:
My Dear Friends,
Everything we have discussed here for many years is NOW taking place.
Everything we have suggested is coming is NOW on your doorstep.
Any ideas of trading have been smashed not only by common sense, but also by the flash systems against which you do not stand a chance.
All precious metals companies with materials in, on top or mining will succeed in market terms.
All shorts in both precious metals shares and gold itself will end up covering in a less than comfortable manner.
Gold will trade at $1250 and $1650 before seeking Alf’s and Armstrong’s prices.
The US dollar is nearing a severe crisis period that will occur this winter.
Middle American business is facing severe difficulty with a collapse of CIT or even a failure to refinance to a comfortable level a potential crisis-producing event. CIT is to Middle America what Lehman was to the financial industry.
There is very little to add today with one exception: Have you protected yourself?
Respectfully yours, Jim
Is the dollar about to fall off a cliff?
Actually, "Sinch and the Gold Bugs" is a great band name.
lol, don't let Sinch become a rock star, he will get all strung out on dope and stuff.
It's the one thing I agree with sinch and binve about, except we have different reasons for it in the end. I hold some in real life (along with silver) and most should know me as a stock bull as well.