Originally Posted by TedWeir "Gold is a safe haven and a hedge against political, financial & economic mismanagement and stupidity." Duh. Japan is looking forward and building strength in its bond investors and reducing risk for bond purchasers. USA and Europe should take heed IMO. The comong 'super-crash' will wipe out far to many for recovery to be anything but weak. T ‘Gold For Bonds’ in Japan as Bond Buyers Get Gold Coins - May Enhance Returns 5.9 Times Excerpt from Gold Core: ... The likelihood of further downgrades of hitherto risk free government debt, including France and even Germany, is bullish for gold. Gold cannot be downgraded or debased by politicians or central banks. Indeed, the sort of economic and political mismanagement we see today is what gold thrives on and should lead to further gains in 2012. Gold is a safe haven and a hedge against political, financial & economic mismanagement ...
[QUOTE=TedWeir;202591]Gold producers should also be saving a portion of their production... to sell in the next run up! Excerpt from: King World News Blog Billionaire Eric Sprott Asking Silver Producers to Save in Silver ...“It’s hard to define it, who knows? I mean if you had a printing scenario you have no idea where the price of gold goes because you have no idea how much they are going to print. If you had a total bust and people feared the banking system and started buying gold, I have no idea what they would take the price of gold to because, of course, by that time all of the currencies would almost be worthless as well.”
Originally Posted by TedWeir Will the red circle be the same as the blue one? (see chart below)—never exactly but this looks like it will be close enough - all the world's decision makers are frozen with fear Europe has a useless 'Commission' and the US has a polarized and therefore useless government and the FED... well that's a private business and all they are really interested in is their owners—the top .0001% So UH OH OH NO... (see chart at bottom):| Aa iii eee ee e e e e e e e e e e phht will we hit water, the real paydirt ...