GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Wednesday, August 17, 2011

David Morgan : Gold is not in a bubble it is the debt Bubble

David Morgan :"..... I mean, the view I have is that it's not gold that is in a bubble. it is the debt bubble. it is the increasing of the burden of government's printing more money and that's the real problem. gold's reflecting that reality. so, i think the current case is that the united states finally got the message with the downgrade by the s&p to a lower credit rating and i think this is going to be put some stimulation you might say into the political system that may actually cause some action to take place. if the u.s. can get the debt house in order, i think you'll see some leveling off in the gold price. if that doesn't occur, you probably see the opposite

Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

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