Monday, September 7, 2009

Gold and more lies

Gold climbed over $1000/ounce today (a huge step for Gold in general), when this is being written $1005.10. EDIT: Oh, sorry, it climb to $1006.80 just under the time I wrote this post...

Do you know how much money you could have earned if you had listen to me just 6 months ago and bought gold? About 40% in profits. If you had listen to me back before the dot.com bubble you would be up 250% by now. How about that? If you have money, gold is still a fantastic investment because the price will hit $2000 within a year; I have predicted a peak of $2300 around x-mas of 2010. And this is despite the massive sellout that is soon going to take place to keep the price down. If it wasn’t for the manipulations and fictive decreases thanks to our enemies, the price of gold would be $100-$200 higher already today.

At the same time equity markets seem to continue upwards today, thanks to lots of fiat money, stimulus, ridiculous book-keeping from banks as well as governments all over the world. The mother of all bubbles is forming and is still getting inflated; the only question is when it will burst. And when it does, which I believe will be quite soon, it will be like an arse-penetration by a telephone-pole without lubrication.

While all this is going on, prices on certain commodities like eating out or buying a house is rising in Sweden. Prices on housing in the UK is also going up because banks buy real-estate and homes from themselves to hide all their losses. And the same phenomenon can be seen throughout, when prices should be going down.
I’m just waiting for that first sign that will make mainstream cornflake economists and journalists realize that things are going straight to hell. Oh, it’s going to be so fun reading about how they will try to explain this one, even funnier will be to see all the headless chickens of the world running around wondering if they are going to rebel or lay down and die.

2 comments:

  1. I recently came accross your blog and have been reading along. I thought I would leave my first comment. I dont know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.


    Patricia

    http://forextradin-g.net

    ReplyDelete
  2. Absolutely, thank you. And if you happen to come across some available work detail far away from Europe, please let me know. I need to get the hell away from this shithole.

    ReplyDelete