some sites' predictions early

some sites' predictions early

Some sites I have read or viewed lately, circa Friday, May 27,2011, said they were early on some of their predictions for gold and silver.

I think this is true to some extent with most of those predicting the continuation of the bull market in silver and gold.

I think they were making educated guesses on highs and volatility and time frames.

This is important since as long as bankers, etc. can find something to sell, the dollar won't collapse, for a while.

The more they can sell the less fiat currency they have to print to keep the economy going, again for 2nd time, for a while.

They can continue to pay the interest on the debt without bumping up against the ("fudged" anyway) debt ceiling as often, again for 3rd time, for a while.

Remember that we bought Alaska from Czarist Russia in 1867 for $7.2 million when gold was $18.93 per ounce.

Even at a possible future price of $1,893 per ounce that comes out to $720 million, a bargain.

This sale strengthened the ruble, again for 4th time, for a while. In 1897 they adopted a fixed gold standard. They had adopted a fixed silver standard in 1810 but a great decline in silver prices in 1886 led them to make more gold coins before going to the fixed gold standard 11 years later.

At any rate most estimates have been early or right on target.

However, the speed of events so far in 2011 may make this post late before it is posted.



http://buygoldansilverlong.blogspot.com/2011/05/some-predictions-early.html