Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Lazarus who wrote (42012)	9/26/2011 9:49:01 AM
From: DebtBomb	2 Recommendations Read Replies (1) \| Respond to of 71479

No.1 Trend Forecaster Gerald Celente Announces He’s Buying PHYSICAL Silver With gold down over $100 and silver down $5, today the man that many consider to be the top trends forecaster in the world, Gerald Celente, told King World News, “I’m now buying physical silver for the first time. One of my reasons is I am very concerned that when gold prices begin their upward ascent again, I believe the central banks and the governments are going to blame the gold people for the financial problems.” “They have regulated the price of gold before, not that they will be able to do it, but I am concerned they will try something to regulate the supply (to the people) and the price of gold as the price eventually keeps going higher. Silver to me is not going to have that kind of regulation imposed upon it. So I’m buying a position in silver against any future actions taken by the world governments to restrict the supply and the price of gold. They did it before in the US, they will do it again.” … I believe there are going to be bank holidays as well. I make sure I don’t have a lot of money in the banks, I have it in other places where I know I can get my hands on it because when they call a bank holiday there is going to be a devaluation of the currency, just as they did in Argentina, just as they did in the US back in 1933. … In 1933 the US, they forced people to sell their gold at $20.67 an ounce and then revalued it to $35, which meant you could by 40% less with your dollars the next day. I think that’s the kind of thing we are going to see in the future and that’s why I’m a precious metals holder.” infiniteunknown.net