OTCPK:MAGNF - Post by User
Post by
prospector7on Feb 22, 2009 3:10pm
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Post# 15796395
RE I DON'T THINK SOME OF YOU GET IT
RE I DON'T THINK SOME OF YOU GET ITmost down turns last 7 years and it takes 5 to seven to even get close to be back to even. This last up turn in our area BC was about 9 years which is unusual, so to get back to where we were could take over seven years.
The old people said if you want to know what is going to happen here you need to look at the rest of the world, These are personal stories I hear from friends In Jan in Saudi Arabia there was 1000 leased autos left at the airport because migrant workers were returning home, A friend tells me there is so much inventory in the auto sector it is a joke that next year they will be giving cars away. Another guy said he went to China where he did business in the past and there was at least 40 factories closed and millions of workers returning home.
You don't turn this around in a year or two, currencies around the world are becoming worthless, Russia gave up on trying to hold there currency up and started investing in GOLD.
Like I say I have experienced 5 of these recessions in my time and have done well every time with Gold.
Gold is going to go to highs that none of us have ever seen before. Remember there only has been 2 olympic size pools of it produced in this world.
Yes I love the bashers to because it is the big boys trying to keep these juniors at bay for the simple reason that they want to buy them. Any day now you will see that some of these juniors are going to be bought out for the simple fact that the big boys know more than any of us that Gold is going to run stronger than ever MNM is one of my main picks for a buy out. In the middle of Jan I posted on a BB that the gold train has left the station if definitely has and is picking up speed daily. There is going to be lots of time to get off because GOLD has just started it's run and this down turn is far from over just wait untill the US dollar starts falling We haven't seen anything yet, Since the 15 of Jan my portfolio has gone up. Because we are in the right sector. You can give me all your pumps and dumps but the old Proepector Knows from the past that certain trends don't change In hard times everyone wants Gold period it is the only safe bet. Good posts everyone HAGW