Massive government debt bomb! Buy gold now goddamit!

Buy gold now?

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TopHat said:
Look! This message is for those who wish to have an intellectual discussion! Obama is printing the money like crazy and attempting to sabotage the Trump Presidency! It is now time to buy gold...today!

The bottom line is the Fed’s radically-unprecedented easy-money policies since the stock panic have created a dangerous US government debt bomb. ZIRP and QE artificially forced interest rates down to record lows, enabling epic overspending by the Democratic government under Obama. The resulting debt load has grown so massive that merely normal interest rates will literally bankrupt the US government.
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You quit tradin' Tophat?
Markets can be a bitch.
Only the smart survive.
fwiw
 
vanzandt said:
You quit tradin' Tophat?
Markets can be a bitch.
Only the smart survive.
fwiw
More...
Gold down almost 10% since TopHat's breathless rant. I'm guessing he makes wild predictions, switches to another handle when they don't come true, and eventually pure chance will make him right at which point we'll hear no end about what a great market sage he is.
 
Sig said:
Gold down almost 10% since TopHat's breathless rant. I'm guessing he makes wild predictions, switches to another handle when they don't come true, and eventually pure chance will make him right at which point we'll hear no end about what a great market sage he is.
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Life in the ET Zone.
 
He was just way early. I do believe that gold can resurface next year as the anti-equities trade. It used to be what the VIX is now. And if trouble comes with inflation through fiscal policy, it will be a doozy.

But heck, it's Christmas. He needs to stop reading the gold bugs websites.
 
I don't think it's going to make any major moves up any time soon. Generally speaking, it moves against the dollar and the DOW. The dollar is making multi year highs against the Euro and it's not going to change anytime soon. The Euro and the Yen are in trouble. The DOW is at an all time high but if it goes down it will just be a correction, profit taking. Not a black swan.

I bet it goes below 1k before it goes higher. Long term of course.

I wonder what gold production levels are like worldwide?
 
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