Based on the current inflationary policies of the United States Peter Schiff had predicted a $5,000 dollar an ounce gold price sometime in the near future.
Now that Europe has made it clear they will execute the same inflationary policies across the Euro Zone Peter now believes that $10,000 dollar/ounce gold price is not out of the question. VIEW the VIDEO through the hyperlink.
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Respected analyst, David Rosenberg of Gluskin-Sheff has forecast that gold will rise to $3,000 per ounce. Unlike Nouriel Roubini who has recently warned that the risk of deflation is abating and the growing risk was of inflation, Rosenberg remains a deflationist, but still thinks gold will continue to perform very well. Read the full post tghrough the hyperlink.
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So, now gold is trading at prices that are closer to what they “should” be (based on official inflation figures). I guess my question is: will the gold price become more stable (and more in-line with inflation) now (in which case, it should be expected to go up “long-term” at the same rate that inflation does)? To read the full post, please visit: http://www.california-gold-rush-miner.us/california-gold-rush-miner/gold-as-an-investment.html
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Right now, gold is hedge against inflation (and the fear of inflation) and the falling dollar. It is also insurance in case the schemes of Bernanke, Geithner, et al blow up in their faces (and ours). To view the full post, please visit: http://www.california-gold-rush-miner.us/california-gold-rush-miner/?p=741
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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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Adjusted for inflation we?re nowhere near the highs for gold. Gold is nearly guaranteed to run once a fiat currency reaches high levels of perceived inflation. The problem (as shown in the 80?s) is that herd mentalities change quicker than your head can turn and it takes a long time to get back to peaks.To read the full post, please visit: http://www.california-gold-rush-miner.us/california-gold-rush-miner/?p=704
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Peter Schiff talks about the current state of the U.S. economy, the dollar and gold prices. To view the video, please visit: http://www.california-gold-rush-miner.us/california-gold-rush-miner/?p=746
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Fortune magazine put out an article titled ?Beware the Gold Bubble?. To reinforce their articles title, Fortune said in part: ?Mining output was up 7% in the first six months of 2009, after several years of declines, as China, Russia, and Indonesia have ramped up production.To read the full post, please visit: http://www.california-gold-rush-miner.us/california-gold-rush-miner/?p=713
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Inflation is a form of currency debasement. But how can the individual investor protect themselves against inflation? One solution is to exchange inflation-sensitive assets like cash and bonds for hard assets like gold and real estate. As inflation rises, the level of real interest rates decline. To read the full post, please visit: http://www.california-gold-rush-miner.us/california-gold-rush-miner/?p=648
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Peter Schiff, founder of Euro Pacific Capital and now Senate candidate in Connecticut, says investors should stock up on gold and foreign stocks until the U.S. settles its financial problems. To view the video, please visit: http://www.california-gold-rush-miner.us/california-gold-rush-miner
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-Almost nobody thought tech stocks could go down- -Except for those of us who refused to invest in tech unless these stocks paid dividends, sold real products and had cash reserves. -Almost nobody thought houses could depreciate wildly- -Except for those on the various housing bubble blogs who said ?this is nuts? and refused to drink the real estate kool aid. -Almost nobody thought Oil would fall like a stone- -The oil price declining was a bit of a surprise, but perhaps it was due to
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As I write this, the spot gold price is around $993 after being over $1,000 at the market open. But, even with the pull-back, I think gold?s next move to close at over US$1000. That sets up a climb to US$1,325. It has crossed above the downtrend line from last June. It is set up to run, so get out of the way. To view the full post, please visit
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California has passed a new dredge law that immediately stops all dredging! Public Lands for the People (plp2.org) is going to file a lawsuit in Federal court to try to overturn the law. The new law places a moratorium on motorized dredge mining pending a full scientific review and update of rules by the California Department of Fish and Game. View the full story at: http://www.california-gold-rush-miner.us/california-gold-rush-miner/?p=465
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Russia and China used to have government managed economies, and they didn?t work. China?s economy took off when its government let captalism take over (even if they don?t call it that). The UK used to be more socialist until it started to go broke, France is nearly broke, which led to a more conservative government there now. Please see original post for full details
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