Gold will go up for some time. Probably until the massive sovereign debt unwinds. I don’t know about $3,000 an ounce but it is possible. Read the full post through the hyper-link.
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GOLD WILL PLUNGE: Last month, Robert Prechter of Elliott Wave Theory predicted that gold will drop to $800 probably by Christmas–and possibly to $600–as the DXY US Dollar gets stronger–and gold futures speculators collapse into panic selling of gold futures. View the full post thru the hyper-link.
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Inflation is a decline in the value of money caused by an increase in the money supply. As the supply of paper money increases – without a commensurate increase in production – the excess demand manifested by a greater money supply causes the price of goods and services to rise. READ THE FULL POST THRU THE LINK BELOW:
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Since humans have walked the earth, gold has always and will always have a store of value. It is the only metal that anyone with an IQ over 40 knows it has value just by touching it. View the full post thru the link below:
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Worries over the debt struggles of euro-zone countries Greece, Portugal and Spain fueled a flight from stocks to the safe-haven dollar, which hurt commodity prices denominated in the greenback. TO VIEW THE FULL POST, CUT
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Since gold has appreciated less in other currencies than it has in dollars, it?s clear that gold has become more of a hedge against the dollar than a hedge against inflation.To read the full post, please visit: http://www.california-gold-rush-miner.us/california-gold-rush-miner/?p=743
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The U.S. dollar has lost 89% of its purchasing power over the past 59 years. The $10,000 life insurance policy held by the World War II veteran on his return home represented a significant amount of money in the 1940s. Now, that policy would barely cover the cost of a burial plot and funeral for a war hero. But the material decline in purchasing power is in no way a given, and the precedent for stable prices has a longer history than the era of inflation we have endured for three generations. T
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Why now could be another good buying opportunity for gold! The dollar crisis is building. When it hits, interest rates will rise dramatically as the US struggles to finance its massive budget and trade deficits while the rest of the world tries to escape a depreciating dollar. Since the spring of this year, the value of the US dollar has collapsed against every currency except those pegged to it. To view the full post, please visit: http://www.california-gold-rush-miner.us/california-
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Uncover the hottest penny stocks before they make their move requires resources and time that most people do not have to spare. In addition, it takes an industry knowledge that can only be developed by years of experience in the trenches. The penny stock system gives you a jump form an insiders perspective.
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