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Somenone said " Gold would see $400 before it sees $775 again"

Submitted by jz on Wed, 10/29/2008 - 12:28
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I don't know said that quote but I think he was way of base. After the Fed cuts the rate again Gold will be back up toward $ 800 is my guess.... Any thoughts?

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good stuff

Submitted by jz on Wed, 10/29/2008 - 16:24.

bump!

Your right, there has been

Submitted by iehuvihs on Wed, 10/29/2008 - 15:30.

Your right, there has been little increase in M1, since all that the government has done is print Treasury bonds, remove FRNs by selling these treasury bonds and then put the FRNs recieved back into the market via the banks. Now if people take out loans from the bank then there is an increase in use which reflects the velocity of money on the market, but there is no actual new money created.
What we need to do is teach people not to use credit and to buy only within their means. It may require trading goods and services instead of cash, it may require living within our means, it may require living in a smaller house or moving into and sharing a larger house. Until the habit of usury is broken, people will suffer. Usury is economic slavery from which there is no excape if it continues.
grant

A little simple research

Submitted by e_goldstein on Wed, 10/29/2008 - 16:42.

Following is a chart from the Federal Reserve Bank of St. Louis pertaining to M1 money creation.

http://research.stlouisfed.org/fred2/fredgraph?chart_type=line&s[1][id]=M1SL&s[1][range]=5yrs

and here is one for M1 creation since the beginning of the year.

http://research.stlouisfed.org/fred2/fredgraph?chart_type=line&s[1][id]=M1SL&s[1][range]=5yrs

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$400... $800.... for who?

Submitted by LastAmericanStanding on Wed, 10/29/2008 - 15:00.

You let me know where I can pick some up at either price....

I may not know the truth, but I know when I'm being lied to...

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I may not know the truth, but I know when I'm being lied to...

$400 is pushing it

Submitted by jzneff on Wed, 10/29/2008 - 14:41.

While I don't think we've seen the yearly low for gold yet, $400 is pretty unimaginable.

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The current physical price

Submitted by hawkiye on Wed, 10/29/2008 - 14:25.

The current physical price of gold is between $1000 and $1200 right now. If you can get it for less and take delivery within 7 days buy it!

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Source for 300% increase?

Submitted by milican on Wed, 10/29/2008 - 14:24.

Do you have a source that shows a 300% increase in our money supply? I am unable to find one.

JOhn

here

Submitted by dcarter9 on Wed, 10/29/2008 - 15:17.

http://www.lewrockwell.com/north/north662.html
I should have said the current rate annualized, but it was early in the morning and I was sleepy

I am not sure what rate cuts have to do with it but ...

Submitted by obscure titles on Wed, 10/29/2008 - 13:47.

I would bet, and have done so, that gold would reach $1000 before it reaches $400.

If the jump is coming it will be coming soon, put your positions in now.

By the term soon, I have stated that I think gold will be $1000 to $1200 by February.

WAHOR!!
http://www.dailypaul.com/node/48994

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WAHOR!!
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Look at history...peaks every 25 yrs. or so...flat inbetween.

Submitted by peaceplace on Wed, 10/29/2008 - 12:46.

Discover Costa Rica

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I think TXREDNECK came up

Submitted by SIERRAHPBT on Wed, 10/29/2008 - 12:43.

I think TXREDNECK came up with that little quote! the rate cut will result in inflation shortly down the road.. say 3 to 6 months.. and the rate cut really only helps the banks.. it does not bring down mortgages etc! ofcouse the fed only wants to help its fellow bank butt buddies! and in the end through inflation we pay for it!

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

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Take a little longer

Submitted by Acala on Wed, 10/29/2008 - 12:39.

I don't think the Fed rate cut is going to do much of anything for awhile.

The FED rate cut is not the problem right now

Submitted by dcarter9 on Wed, 10/29/2008 - 13:43.

the 300% increase in monetary supply thus far in 2008 is. In a couple of months that is going to impact and then we will have some interesting times.

Umm...what?

Submitted by jzneff on Wed, 10/29/2008 - 14:40.

A 300% Increase in the money supply?

Sorry, you aren't going to get away with phony inflated numbers like that.

We have not had anything close to a 300% increase in money supply. I would actually suggest that we have not had close to a 30% increase in money supply.

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What do you think about the war on drugs?
How about Operation Wall Street?
Shout it today!

http://www.youshouts.com/index.php