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11-20-2009, 06:09 PM #11
Senior Member
Gold will go $1,500/ounce this year
I'll keep my guns, money, and freedom... Obama and his cronies can keep the "change." (I know they make t-shirts and bumper stickers quoting that, I've gotta find me some of those!)
Originally Posted by the image reaper
As for the coming gold "boom", I don't see it lasting or becoming the giant trend some people are trying to make it out to be. If the Feds don't at least try to curtail all this ridiculous spending, then I could possibly see it becoming a trend, making the dollar worth less than it already is now. Otherwise, it'll eventually bounce back like it always has before in the exchange market. And as the largest foreign holder of U.S. treasuries, China is bound to be nervous, sure... but as long as they keep buying them up to protect their cheap exports, the dollar isn't going to "crash" like a lot of the big talking heads are wanting people to believe.
This is Obama's big chance to make a name for himself for actually accomplishing something worthwhile. (Imagine that...) It'd be nice to see his administration take some serious measures towards a solution to the economic problems, instead of this current trend of spending America's way into third-world status. Here's hoping...
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