An Unrosy Outlook
Matt Gillotti provides his view of what lies ahead:
As we have seen this week there has been much talk of gold heading toward $6,000, $7,200, $8,500, $9,600 and $10,000 plus. Make no mistake gold at these levels, whether it be in the near or distant future brings with it its own set of realities. For those of us who have been putting gold and silver away as we could for the future failure of the US dollar as the fiat currency, prices of gold at the levels spoken of recently, can only bring one thing with them and that would be the complete destruction of the US as we know it now. Talks of gold at these levels seem to be done so with extreme light heartedness and most predictions of gold at these levels seemingly forget to inform those of the double-edged sword syndrome that would follow, what the general misinformed public does not understand is that the gold we put aside now is to protect the future wealth of our families when the US dollar becomes no more useful than as toilet paper in an outhouse. As the economic debt crisis continues to worsen, the downward manipulation of gold will be impossible to maintain and those of us who continually set aside gold and silver as a protection of future wealth in a slowly deteriorating US fiat currency world will be left with more than toilet paper in the form of worthless US dollars when the point comes and the reset button is pushed on the US debt crisis. We should continue to prepare and protect ourselves as the US debt crisis continues to progress into uncharted territory in which there is no reversing. The one thing we can be sure of is that the Amish will be well equipped to survive and thrive in the coming US reset. Horse and Buggy anyone!
Brian Wilson
bigmike
david yard
RICHARD RALPH ROEHL
Hi Monty, you have to admit watching the world twist in the wind is a bit fun. I just finished reading over on Zerohedge that the great European announcement last week of the salvation of Europe and the Euro may have resulted in a premature celebration as the DOW rose about 300 points over three days. The close of the first paragraph as follows-
Quote Spiegel: “For days, it is rumored that the ECB will buy Spanish government bonds in a big way. Now Finance Minister Wolfgang Schaeuble has rejected such reports – there was “no truth”. And scene. Luckily all the momo chasers who bought stocks last week on hopes their prayer-based strategy will finally play out, will be able to sell ahead of all those other momo chasers who bought stocks last week on hope their prayer-based strategy will finally play out. Or maybe not.