Articles tagged with: US Debt

Not Owning Gold Is A Sign Of Insanity
Posted in Silver on 12 January 2011

According to Robin Griffiths, technical strategist at Cazenove Capital, “I think not owning gold is a form of insanity. It may even show unhealthy masochistic tendencies which might need medical attention.” Check the CNBC video below:

I think the euro crisis might trigger a flight to US dollars and treasuries in the short term, but later [...]

Richard Russell On Gold
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 [...]

David Tice: Gold To Hit $3,000
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 [...]

Puru Saxena: The US is Bankrupt!
Posted in Economics, Inflation, US Debt on 14 September 2009

Just in case there was any doubt, Puru Saxena declares the good ‘ol USA completely bankrupt!

Why $1000 Gold Is Now Significant
Posted in Featured, Gold, Inflation, Silver, US Debt on 13 September 2009

Friday the 11th September 2009 marked a historic moment.  It’s the first time the price of gold actually closed above a $1000/ounce. Previous, it had breached the $1000 level only to face heavy selling pressure and a close below the magic level. Due to this, it seems as if $1000/oz is a psychological barrier for [...]