Biggest Event in Gold since 1971?

Discussion of the Gold portion of the Permanent Portfolio

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Reub
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Re: Biggest Event in Gold since 1971?

Post by Reub »

Max Keiser says that this could cause mass panic and gold eventually reaching $10,000 per ounce.

http://www.youtube.com/watch?feature=pl ... aNs_waEpD0
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smurff
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Re: Biggest Event in Gold since 1971?

Post by smurff »

Maybe the Germans got an advance copy of CraigR and MediumTex' book, and now believe it's a good idea to pay better attention to the issue of proper geographic diversification.  ;)
China Bull
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Re: Biggest Event in Gold since 1971?

Post by China Bull »

i heard they still will keep 50% of their gold reserves split between US and London, still..... something fishy is about to happen. Dutch and several other countries also want their gold returned to them.
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Benko
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Re: Biggest Event in Gold since 1971?

Post by Benko »

China Bull wrote: . something fishy is about to happen. Dutch and several other countries also want their gold returned to them.
If true, anyone care to speculate?
It was good being the party of Robin Hood. Until they morphed into the Sheriff of Nottingham
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Bean
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Re: Biggest Event in Gold since 1971?

Post by Bean »

Speculation: Germany is switching to a competing currency system.
“Let every man divide his money into three parts, and invest a third in land, a third in business and a third let him keep by him in reserve.� ~Talmud
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smurff
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Re: Biggest Event in Gold since 1971?

Post by smurff »

They didn't need the euro and got tired of ras'lin with a bunch of little countries over it.
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Benko
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Re: Biggest Event in Gold since 1971?

Post by Benko »

got it.  thanks.
It was good being the party of Robin Hood. Until they morphed into the Sheriff of Nottingham
systemskeptic
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Re: Biggest Event in Gold since 1971?

Post by systemskeptic »

Might be wise to take a cue from these major countries and ensure that you take delivery of your Gold as well...
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