Quote:
Originally Posted by BaldEagle
$2,000/oz...... 
As told by somebody that wants to sell you gold. 
The real deal on Gold...
Gold futures tumble 5% as investors seek cash - MarketWatch
Unless the dollar weakens in relation to all the other currencies that are currently caving faster than dollars investors will park their cash and wait out the bottom. When the market hits bottom gold will plumet to $600 in weeks as money flies out of metals and into securites. |
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This man has a book for sale; however, there are some very interesting investment princples outlined in his post and frankly, the numbers are scary.
The full article is HERE:
The "Super Crash" May Soon Devastate Millions of Americans
Special Bulletin
The “Super Crash” May
Soon Devastate Millions
Of Americans…
Others will get 5 times richer
over the next six months…
Renowned CNBC analyst Peter Schiff has already called 4
major market corrections with uncanny accuracy, saving –
and making – investors millions…
Now he shows you the three ways to be on the winning
side of this “blasted” economy… And it’s yours FREE…
"Dear Reader,
It’s going to cost the average American $85,000 dollars over the next 6-18 months...
But you won’t hear this story from the mainstream press, the Wall Street machine or the bureaucrats in D.C.
Instead, they’ll tell you about the tanking stock market one day… and the housing crisis the next…
You’ll hear about soaring gas and food prices… inflation… the credit crunch… the exploding trade deficit… the stagnating economy…
You’ll hear about the $700 billion bailout… the $60 trillion credit-swap debacle… the plunging Dow… one sound bite at a time.
But they’re missing the big picture.
Fact is, the broad range of threats facing the U.S. economy aren’t just isolated events anymore. They’re swirling together to create a wealth-destroying “Super Crash” growing much more damaging than the sum of its parts…
Indeed, more dangerous than anything we’ve seen since the Great Depression.
Consider…
The government reports that inflation’s now rising at an “acceptable” 2.3%. But that doesn’t include food and gas prices! Add those into the mix and REAL inflation is ballooning 800-900% faster than “official” reports!
And why is gas so high? Before you blame the Saudis or Exxon, consider that the real cause is the dollar. Thirteen years of rampant government spending… interest-rate cuts… and a record $9.1 trillion U.S. deficit have driven it to all-time lows… which has driven up the price of gasoline – and everything else with it!
In the first quarter alone, skyrocketing food and fuel prices have accelerated foreclosures and the mortgage meltdown. It's already sapped more than $305 billion from American wallets.
In turn, all this vanishing liquidity has begun rocking the financial markets, sending massive banks into fire-sale mode… and stocks into the gutter. The Dow recently swan-dived 777 points... In eight hours, shareholders saw $1.2 trillion in equity vanish, capping the blue-chip index’s “worst performance since 1930,” according to the Wall Street Journal.
Indeed, these “unrelated” calamities are anything but unrelated.
They’ve fused together to form a single, interconnected string of financial dominoes falling at breakneck pace. Together they’ve wiped out 10 years of stock gains already… destroying more than $6 trillion worth of American wealth – that’s Trillion with a “T”.
Bottom line is this…
The “Super Crash” isn’t coming… It’s already here
And with the crisis deepening by the day, millions more will suffer the consequences."
The "Super Crash" May Soon Devastate Millions of Americans
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