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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Keith Feral who wrote (91184)	2/3/2008 11:29:49 AM
From: Robin Plunder	Read Replies (1) \| Respond to of 110194

Who knows what gold will do short term, but clearly the fed and us govt are in aggressive inflation mode, with substantially negative real interest rates and rapid money supply growth and increased deficit spending, with no limit to these policies as long as the debt crisis continues. and if they fail in these policies, gold is safety against deflation and bankruptcy. I think this is why guys like schulz recommend gold at this time, it is a point of safety from both inflation and deflation. Robin

To: Keith Feral who wrote (91184)	2/3/2008 12:55:26 PM
From: RJA_	Respond to of 110194

>>when we are looking at medium term low inflation. Thats not what I am seeing... The fed is trying to support the banks... and in the process, M3 is what, growing at 17 - 18% see: nowandfutures.com Inflation IMHO will follow this... and therefor Au/Ag... There may be "corrections", but that, IMHO is the trend. Further -- if you take a look toward the bottom of this page you will see a money supply vs inflation chart. QED.

To: Keith Feral who wrote (91184)	2/3/2008 9:26:47 PM
From: Proud Deplorable	Read Replies (2) \| Respond to of 110194

Keith with all due respect you know little about gold and aren't in a position to comment not that I care if you do or not. Gold is up 37% since August. You could argue that its short term overbought as some say but I think overbought is a good thing as it shows huge interest. Home prices were overbought for years and years like maybe 5 years at least. But gold is real money, homes are soon to be junk piles worth nothing as virtually all homes built these days have a lifespan of 50 years before they have to be torn down. Gold will never be torn down. If it tests support at 800 or so then look at it as a gift as in a few weeks the USD will resume its plunge to zero as that is what it's intrinsic value is at this moment.