tag:blogger.com,1999:blog-5936637281134795592.post7786416471314722772..comments2024-03-08T08:55:52.985-08:00Comments on Whispers from the Edge of the Rainforest: More on the currency debate... (btw, Garth Turner sees Gold going to $3,000)Unknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5936637281134795592.post-76097348145597133902010-09-30T17:29:25.975-07:002010-09-30T17:29:25.975-07:00So what in the heck is Garth Turners opinion on Go...So what in the heck is Garth Turners opinion on Gold? Sell? It's going to $3000? Hold 5-10%? It's a bubble? It's just another commodity? The goldbugs are making a big mistake not taking profits, yet it will increase?<br />What a load of malarchy!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-78703329731434719332010-09-30T15:11:20.217-07:002010-09-30T15:11:20.217-07:00gold is rising because there is trust factor in fi...gold is rising because there is trust factor in fiat that is being shaken. If it rises to 2000+ people are running from the dollar. The plan for the US fed is to fire QE2 which would put new money into the system, but I have a sneaking suspicion that this is to cover more debt. If the dollar continues to drop it might force hyperinflation (please god no,,,,).<br /><br /> Watch for commodities and gold to rise and if the US can inject just enough new money into the system to create inflation we can get out of this otherwise this deflation when it turns will hyperinflate. `<br /><br />This is a world wide problem as the British and Germans can speak volumes. You have Spain, Greece and Ireland already asking for bailouts and could cause a crisis. Germany and Britian could be tipped if the printing presses are turned off.<br /><br />If you are lucky (not smart) you hedge your bets on what is to come.....Anonymoushttps://www.blogger.com/profile/12109140436878091821noreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-13982404151117481532010-09-30T14:07:55.634-07:002010-09-30T14:07:55.634-07:00I'm not sure where G. Turner is coming from co...I'm not sure where G. Turner is coming from concerning his view on gold. He says gold is in a bubble which I disagree with because it does not appear to be following bubble characteristics at this point. He says it could hit $3k/oz but not $5k or over, but based on what? How does he know there will be a slow sustained recovery and no hyperinflation etc? He cannot know this with any certainty. He also says governments cause hyperinflation, but that's not technically correct either. He is working too closely within his own world view as a financial advisor. I do agree with his R/E prognostications, but some of his other economic forcasts he cannot back up IMO.<br /><br />I also think with increased central bank interference in currency markets we will see larger fluctuations in exchange rates between currencies as they race to the bottom, with the ultimate outcome being currency collapses.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-86008490643586026782010-09-29T23:18:02.023-07:002010-09-29T23:18:02.023-07:00again great post.
another view on what is to com...again great post. <br /><br />another view on what is to come.....<br /><br />http://fofoa.blogspot.com/2010/09/just-another-hyperinflation-post.htmlAnonymoushttps://www.blogger.com/profile/12109140436878091821noreply@blogger.com