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To: Cheeky Kid who wrote (107595)3/8/2008 5:50:51 PM
From: philv  Respond to of 313969
 
One thing I have observed in my life is continual inflation, with only the occasional short blip. And from everything I have read, it was so long before I was born. Its just too easy for governments to borrow, too easy to print money, too easy to put off paying for "good ideas" into the future. And parallel with inflation is debt.

Miners are looking at $900+ for gold, but high costs still make many of these projects prohibitive. Even the best of the bunch barely pay a dividend. That's inflation. If/when it ends, it will seem like the end of the world, because our economic and monetary system is geared for continual inflation.



To: Cheeky Kid who wrote (107595)3/8/2008 11:19:38 PM
From: SwampDogg  Respond to of 313969
 
And now those same gurus are talking about the market crashing and they will be wrong again. Joey Bagofdonuts is one of the biggest bears on the street.

<<In my opinion, gold can not sustain these high values, especially 1500-2000 per ounce>>

I don't think I ever used the workd "sustain". The $COMP went up 300% in less than 2 years and doubled in 5 months at the end of the tech bull. That was not "sustained". The most money is made in the shortest amount of time. Either you make it or you don't...you can lead a horse to water but....

<<and interest rates will rise one day too.>>

The curve is already steepening and that is bullish for gold. Gold does not do well in an inverted curve.