Gold Bubble Burst Or Correction

Gold Bubble Burst?




.
gold silver etf peter schiff ron paul Max Keiser Gerald Celente Jim Rogers wall st street Tim Geithner glenn beck henry paulson

Category:

News & Politics

Tags:

• gold
• silver
• etf
• peter
• schiff
• ron
• paul
• Max
• Keiser
• Gerald
• Celente
• Jim
• Rogers
• wall
• st
• street
• Tim
• Geithner
• glenn
• beck
• henry
• paulson

[Exposethefrauds]

Its hillarious how cnbc is calling it the gold bubble, hahahahah. Housing was unaffordable to 99% of Americans in 2006 and they never mentioned not one word of bubble. Oil was at 147 a barrel and not one word of bubble. The nasdaq was at 5000 and maria bartiromo was on everyday telling people to get in stocks. Now gold is where it was in 1980 and its a bubble, lolololol. CNBC is so discredited its not even funny anymore.

[cbr6864]

if we hit a bubble why then are countries buying so much??

[edwardwills]

@edwardwills .... However, since 2010 to 2011 Avg Annual Gold Price, I am seeing a faster pick up of the gold price appreciation slightly. The question is, will I also see a faster pick up in the US national debt for 2012. Eventually both will break the trend and go parabolic. ( I am surprised how many people are not just willing to look at my excel spreadsheet, as if, I am sending out a virus, or have a hidden agenda).

[edwardwills]

@TWSceptic

1) I am getting the same Holding Period Return for the US Debt and for the Avg Gold price since 1971, both are up around 3700%. 2) SIDENOTE: When I took the data for the Avg Annual Gold price since 2001 and ran an exponential growth function trendline on it, I got around a 98% correlation since 2001. Meaning: AVG annual gold price for 2012 - $1750, for 2013 - $2100, 2014 - $2400 (Remember Price Projections are AVG ANNUAL PRICES for the years). However, since 2010 to 2011

[TWSceptic]

@edwardwills Correlation is not causation, but generally gold is a safe haven in uncertain times, high debt has the potential to cause problems so it will play a role. I'm not sure what the point is you are trying to make but that's how I see it.

[edwardwills]

@TWSceptic I got a 98% correlation of gold and US national debt.

If you are interested I can send you my excel file data worksheet for gold, silver, crude oil, and the national debt.

William

29

FL

[TWSceptic]

@edwardwills Gold is money and will more or less keep its value over thousands of years... However the price will likely go higher then just inflation compensation since there are now 100x more investors who can buy it, just think about what this will do to the price.

[TWSceptic]

@edwardwills Yes, it looks like I predicted that one correct, as the fed said the same lately.

[edwardwills]

As I look at this now, I realize that they were arguing about such an insufficient price of 50 USD on a gold price swing. hahah

[edwardwills]

@TWSceptic hahaha



[TWSceptic]

@Slague1 "interest rates will most likely increase"

Don't count on it.