Friday, May 17, 2013

CREDIT SUISSE: 'Gold Is Going To Get Crushed' ($1100 By End Of Year)

Free Republic

comment:

Here we go again.  There's a sell off in gold again.  This is a paper market.  It is not backed by actual, physical gold.  If people sell their physical gold because of this, they are allowing themselves to be fooled by the paper money action.

History has shown that fiat currencies fail every time.

The central bankers are buying gold.  They are also puffing up this bubble.  When the bubble bursts, people will want their gold back, but they won't get it because the central banks will have it.  If they can't get it by trickery like this, they'll get it by fraud or extortion.

The dollar is up.  It means nothing when everybody is pouring paper money into the system.  The dollar is just another paper currency amongst many.

God, gold, guns and guts made this country.   If you let them take it away from you, shame on you.


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