Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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Nov 28 4:00 PM EST

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To: GROUND ZERO™ who wrote (5572)	6/9/2010 9:02:21 PM
From: DebtBomb	Read Replies (2) of 219480

Iran To Dump 45 Billion Euros For Gold Bullion & Dollars Buyers in Europe are also desperately scrambling to purchase the scant amounts of gold available, with the Greek Central Bank now selling one ounce coins at the equivalent of $1,700 dollars, nearly $500 dollars above spot price. “As long as governments continue to struggle with spiraling debts and are forced to crank up the printing presses, gold will continue to outperform currencies, a situation which is unlikely to change any time soon,” we wrote on April 30. Now gold bulls like Peter Schiff are predicting the incredible – that gold could soar to around $10,000 an ounce as a consequence of a dramatic fall in supply due to significantly less gold mining. Gold companies now have to drill as much as 2.3 miles to get to the yellow metal in places like South Africa, whereas central banks merely need to press a button to increase the supply of depreciating fiat money. —————————————————————————————————— prisonplanet.com

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