TSX:LSG.DB - Post by User
Comment by
rallardon Oct 18, 2013 5:23pm
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Post# 21829209
RE:RE:RE:Exciting to see gold pouring results..
RE:RE:RE:Exciting to see gold pouring results..
Gold will not stay at 1300 forever the US can only manipulate the POG for so long and their efectivness at supressing the price is starting to fail. When the elastic band snaps back and the US lose the control of the POG expect a huge price spike. It could be this year or next but that spike is coming and $3000 - $5000 an oz will not be far fetched. The debasement of the US dollar is going to increase from $85 billion a month to 100 Billion by December and then each 1/4 after that the presses will continue to spew worthless US dollars. Gold producers like LSG will be the only safe place to be in the market.