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#1
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Citigroup says gold could rise above $2,000
Gold is poised for a dramatic surge and could blast through $2,000 an ounce by the end of next year as central banks flood the world's monetary system with liquidity, according to an internal client note from the US bank Citigroup.
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/3526645/Citigroup-says-gold-could-rise-above-2000-next-year-as-world-unravels.html |
#2
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Peter Schiff has been saying it as well.
Inflation is going to hit hard pretty soon, the US dollar especialy isn't going to be worth the paper its printed on. The government is burning out the printing presses running them off, and jacking up the Chinese Visa.
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1999 SL500 1969 280SE 2023 Ram 1500 2007 Tiara 3200 |
#3
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Citigroup has been wrong in the not so distant past.
Sure there is a chance of hyperinflation but gold would not be the only commodity that goes up with a falling dollar. $200 oil, even house prices....
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cult plus time equals religion |
#4
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Isn't Citicorp on the list for a federal handout?
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"It's normal for these things to empty your wallet and break your heart in the process." 2012 SLK 350 1987 420 SEL |
#5
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I think they already got their Christmas present.
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" We have nothing to fear but the main stream media itself . . . ."- Adapted from Franklin D Roosevelt for the 21st century OBK #55 1998 Lincoln Continental - Sold Max 1984 300TD 285,000 miles - Sold The Dee8gonator 1987 560SEC 196,000 miles - Sold Orgasmatron - 2006 CLS500 90,000 miles 2002 C320 Wagon 122,000 miles 2016 AMG GTS 12,000 miles |
#6
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Shucks, at this rate when you buy your wife/girlfriend a diamond ring, the setting will cost more that the diamonds do.
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" We have nothing to fear but the main stream media itself . . . ."- Adapted from Franklin D Roosevelt for the 21st century OBK #55 1998 Lincoln Continental - Sold Max 1984 300TD 285,000 miles - Sold The Dee8gonator 1987 560SEC 196,000 miles - Sold Orgasmatron - 2006 CLS500 90,000 miles 2002 C320 Wagon 122,000 miles 2016 AMG GTS 12,000 miles |
#7
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I'm sure De Beer's will have something to say about that. Today, $5,000 for the gold, $8,000 for the diamond tomorow, $10,000 for the gold, $15,000 for the same diamond.....
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1982 300GD Carmine Red (DB3535) Cabriolet Parting Out 1990 300SEL Smoke Silver (Parting out) 1991 350SDL Blackberry Metallic (481) "The thing is Bob, its not that I'm lazy...its that I just don't care." |
#8
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Citi also predicted $200/bbl oil by the end of the year. Think about it, whatever they are 'predicting' will go up is what they are holding a ton of and are trying to get the prices to go up so they can maximize their profit.
Next thing they will say is 'Securitized Mortgages will go up 1000% in the next three days'
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"I have no convictions ... I blow with the wind, and the prevailing wind happens to be from Vichy" Current Monika '74 450 SL BrownHilda '79 280SL FoxyCleopatra '99 Chevy Suburban Scarlett 2014 Jeep Cherokee Krystal 2004 Volvo S60 Gone '74 Jeep CJ5 '97 Jeep ZJ Laredo Rudolf ‘86 300SDL Bruno '81 300SD Fritzi '84 BMW '92 Subaru '96 Impala SS '71 Buick GS conv '67 GTO conv '63 Corvair conv '57 Nomad |
#9
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Maybe Citibank needs to hoard gold now and sell it later. That might get them out of their current economic situation, right? Then they should be flush with cash.
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01 Ford Excursion Powerstroke 99 E300 Turbodiesel 91 Vette with 383 motor 05 Polaris Sportsman 800 EFI 06 Polaris Sportsman 500 EFI 03 SeaDoo GTX SC Red 03 SeaDoo GTX SC Yellow 04 Tailgator 21 ft Toy Hauler 11 Harley Davidson 883 SuperLow |
#10
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Quote:
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01 Ford Excursion Powerstroke 99 E300 Turbodiesel 91 Vette with 383 motor 05 Polaris Sportsman 800 EFI 06 Polaris Sportsman 500 EFI 03 SeaDoo GTX SC Red 03 SeaDoo GTX SC Yellow 04 Tailgator 21 ft Toy Hauler 11 Harley Davidson 883 SuperLow |
#11
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Quote:
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#12
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Exactly!
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"I have no convictions ... I blow with the wind, and the prevailing wind happens to be from Vichy" Current Monika '74 450 SL BrownHilda '79 280SL FoxyCleopatra '99 Chevy Suburban Scarlett 2014 Jeep Cherokee Krystal 2004 Volvo S60 Gone '74 Jeep CJ5 '97 Jeep ZJ Laredo Rudolf ‘86 300SDL Bruno '81 300SD Fritzi '84 BMW '92 Subaru '96 Impala SS '71 Buick GS conv '67 GTO conv '63 Corvair conv '57 Nomad |
#13
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Well I think we will see some inflation for a bit, and it will be high. But I'm thinking 10%-15%. We might see a bit more than we saw under Carter.
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1999 SL500 1969 280SE 2023 Ram 1500 2007 Tiara 3200 |
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