Gold Price Per Ounce Us Dollars
Do you think the price of gold will go above $1500 per ounce within the next three years?
Depending on how unstable you believe certain currencies, such as the US Dollar, to be, and on how unstable you believe the world economy and equity markets to be (in addition to other factors), you may be “bullish” on gold.
If so, do you expect gold to go above $1500 per ounce by, say, 2013?
(It’s currently at about $947.00 an ounce on the commodity futures market.)
So you’re asking, will we see hyperinflation while Obama is in office?
Well, ya. He’s doing everything he can to ruin our economy and make our money worthless.
Free trade is the big one. We will just keep hemorrhaging money with our trade deficit and flooding the foreign markets with dollars. That’s sure to devalue the dollar.
He keeps borrowing money from China and handing it over to big greedy companies like GM that immediately pocket the money and declare bankruptcy. That money won’t be repaid, so it’s now out in the economy causing inflationary pressures.
The same will apply to the trillion dollar stimulus giveaway, if that money ever actually gets given to anybody. And who knows what economic destruction will result from this unknown health care reform.
More debt means more devaluation of currency. And Obama’s budget projects a doubling of the national debt in his first term (his only term, it appears).
The only way this government knows how to solve problems it to spend money on them, and that invariably means more debt.
Only a 50% increase in the value of gold seems conservative.
China UPSET with US Dollar Devaluation Congressman Burton
