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Future Predictions
A Prediction For The British
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<blockquote data-quote="HDRKID" data-source="post: 45178" data-attributes="member: 43"><p><a href="http://etfdailynews.com/2011/08/04/double-dip-recession-more-like-depression-says-peter-schiff/" target="_blank">http://etfdailynews.com/2011/08/04/double-dip-recession-more-like-depression-says-peter-schiff/</a></p><p></p><p>Peter Schiff says things will get a lot worse. This guy has been telling people to buy gold, but the problem is that gold is getting expensive. Well, this is not good for us. Understand that on most timelines gold hits 2000 in 2012. Only on few is it under 2000 in 2013.</p><p></p><p>Traders are saying 2500 by the end of this year. Like that is too high for us. It could crash bad if it goes too high too fast, but we will see. Short term it is too high, but long term we are OK now. Please remember that gold went from 1000 to 800 super fast and it took a while to climb back to 1000, but time will tell us.</p><p></p><p>What is keeping gold up is panic. There is no reason. Yeah, no reason for this much panic. It is very expensive. Please remember that gold was approx $400 in 2005. China has been buying a lot of gold, but they could start selling soon.</p><p></p><p>Here is some positive new. Oil is going down now. That means less inflation for us. All commodities are getting hit, but some are going to go down massive. Folks, we are in a semi recession now.</p></blockquote><p></p>
[QUOTE="HDRKID, post: 45178, member: 43"] [url]http://etfdailynews.com/2011/08/04/double-dip-recession-more-like-depression-says-peter-schiff/[/url] Peter Schiff says things will get a lot worse. This guy has been telling people to buy gold, but the problem is that gold is getting expensive. Well, this is not good for us. Understand that on most timelines gold hits 2000 in 2012. Only on few is it under 2000 in 2013. Traders are saying 2500 by the end of this year. Like that is too high for us. It could crash bad if it goes too high too fast, but we will see. Short term it is too high, but long term we are OK now. Please remember that gold went from 1000 to 800 super fast and it took a while to climb back to 1000, but time will tell us. What is keeping gold up is panic. There is no reason. Yeah, no reason for this much panic. It is very expensive. Please remember that gold was approx $400 in 2005. China has been buying a lot of gold, but they could start selling soon. Here is some positive new. Oil is going down now. That means less inflation for us. All commodities are getting hit, but some are going to go down massive. Folks, we are in a semi recession now. [/QUOTE]
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