TSX:LSG.DB - Post by User
Comment by
goldhappyon Mar 17, 2015 10:19am
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Post# 23529130
RE:Re. Gold price
RE:Re. Gold price
Lorn... It is well known China and Russia are holding USA debt. They are dumping USA debt where ever and when ever they can. The USA or someone in Brussels is buying up the debt,,,likely USA. In the mean time CHINA is a large buyer and controller of the gold and growing. Gold goes down cheap and China buys. There is a current scare about interest rates Wed. USA will go into a tail spin down if interest rates move up. Nothing follows the trends of the last few decades. Hold gold or gold stocks no problem. Hold gold paper... well you will never be able to cash in.
The USA debt is just to high and all the manufacturing jobs that pay tax are gone.Who can borrow and how will they pay it back.