Hyperinflation is perhaps the darkest side of a government fiat money regime. Among mainstream economists, hyperinflation typically denotes a period of exceptionally strong increases in overall prices of goods and services, thus denoting a period of exceptionally strong erosions in the exchange value of money…..
If the market is topping, it’s doing so in the face of rosy news in every area except for employment and there is nothing more ominous than a stock market turning down in the face of a “bright” economy. At such times, nobody is ready or positioned for a sudden reversal. [Are you?] In further … Continue reading “Richard Russell: Why I’m in Cash and Gold – What About You?”
As inflation rears its ugly head and future demand for gold promises to overwhelm mine supply, gold’s price will launch a parabolic rise from current levels in the near future. Gold has much, much further to go….
I think gold is a win-win investment because it’s now knocking on the door of its next rocket ride higher….
For a variety of reasons I am almost certain our on-going gold bull is nowhere close to Stage Three yet. Gold isn’t going parabolic anytime soon, so if you are planning on retiring in 2010 from this years’ gold gains I suspect you’ll be sorely disappointed…..
..gold has continued to rise inexorably. Each time it pulls back, the media give reasons why….
It’s also why, when the Mania phase gets underway, we’ll be selling…
Let me cut to the chase as to how I expect 2010 to unfold: a) the decline in the US dollar will put the economy on the edge of hyperinflation, b) the gold/silver ratio will drop to 45 and, if gold hits $2000 as I expect, then silver will be….