Monday, March 7, 2011
RE ETF daily news blogger comment
I don't know if he is onto something, but the trend, I believe, is certainly out of the dollar:
The world will be in an utter panic to get rid of
dollars. And the stock market is not going to
provide protection from this kind of inflationary
storm so a lot of those dollars are going to end up
in the commodity markets, and especially in the
precious metals. When that kind of money hits a
thin market like gold, and especially silver, it
will drive gigantic gains.
Maybe he is wrong, some believe that the dollar
is actually a sort of safe haven in such
circumstances,
but I am on the other side a bet that he is
wrong...
The world will be in an utter panic to get rid of
dollars. And the stock market is not going to
provide protection from this kind of inflationary
storm so a lot of those dollars are going to end up
in the commodity markets, and especially in the
precious metals. When that kind of money hits a
thin market like gold, and especially silver, it
will drive gigantic gains.
Maybe he is wrong, some believe that the dollar
is actually a sort of safe haven in such
circumstances,
but I am on the other side a bet that he is
wrong...
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