Articles tagged with: devaluation
Posted in Currency, Economics on 5 May 2010
One analyst seems to think it might happen. David Rosenberg, analyst at Gluskin Sheff, says the breakdown of the euro could well drive the price of gold to $3,000. Today the euro dropped to $1.28, and it is down over 12% from its high of $1.51 against the US dollar.
In a note to investors, Rosenberg [...]
Posted in Gold, US Debt on 16 December 2009
Buying and accumulating gold must be seen as a LONG-TERM proposition. I can tell you that gold is going much higher, but I can’t tell you when. I can tell you what to buy — gold bullion coins — but I can’t tell you when it’s going to go into its bubble phase. By the [...]
Posted in Gold, US Debt on 16 October 2009
David Tice is another gold bull who predicts the shiny yellow metal will hit $3,000/ounce during this cycle. While not has bullish as other goldbugs like Peter Schiff who predicts $5,000/oz, he has the same philosophy behind his declaration.
Tice worries about the debasing of the US dollar, and our excessive reliance on foreigners to fund [...]
Posted in Currency, Economics on 3 October 2009
Daniel John Hannan is a British politician (representing the Conservative Party) and a Member of the European Parliament. In this scathing MUST-SEE speech in March 2009, he tells the UK Prime Minister, Gordan Brown, that the UK has negative equity, has run out of money and that he’s a “devalued prime minister of a devalued [...]