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Gold being "price capped" CNBC

 
Anonymous Coward
User ID: 526671
United States
10/16/2008 11:39 AM
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Gold being "price capped" CNBC
Government bailouts of the financial system will destroy the dollar, euro and sterling because of hyperinflation, Martin Hennecke, senior manager of private clients at Tyche told CNBC.

"The privatization of the banks is the first step down the road to hyperinflation," Hennecke said Monday. "Maybe we are not seeing the Zimbabwe-style (hyperinflation), but inflation is a major major risk and investors should look at this very carefully."

"Only safe place is gold"

Oct 13
4:50 min
[link to www.cnbc.com]

"gold is experiencing fixed price caps to desway investors"

Sep 11
8 min
[link to www.cnbc.com]
19.47™
User ID: 282917
United Kingdom
10/16/2008 11:46 AM
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Re: Gold being "price capped" CNBC
I thought that it was odd that (as of this morning) gold dropped about $40 and is now at about $800.

I'd say buy, provided that you have supplied your household with at least 6 mths worth of food and so on. And remember you can't spend your cash if the goverment has closed the banks so you cannot withdraw it.
Anonymous Coward
User ID: 512264
United States
10/16/2008 12:07 PM
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Re: Gold being "price capped" CNBC
bump
Anonymous Coward
User ID: 512264
United States
10/16/2008 12:23 PM
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Re: Gold being "price capped" CNBC
Pay attention people. They always "leak" what is really going on!

Manipulation





GLP