In either way, Gold price will soar
By Daniel at 25 September, 2008, 11:31 am
--------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------
Gold will be the only thing that makes you money in the long term no matter what at this point - lets take a moment to understand why:
Scenario 1: The plan is passed, inflation goes through the roof in the short term as we delay the inevitable collapse that has been brought about by dependence on a fiat based currency system. Gold goes much higher on inflation concerns and an eroding dollar before reaching stratospheric levels at a later date
Scenario 2: The plan is not passed. The financial armageddon that has been spoken about for years comes upon the United States very quickly as banks fail and the dollar collapses. Gold becomes the safe-haven it has always been. Gold prices reach stratospheric levels.
Either way - gold reaches stratospheric levels while most other asset classes become worthless or nearly worthless.
Be smart. Protect yourself. Own gold.
--------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------
No comments yet.