Thursday, October 25, 2007

Will Gold Continue to Rise?

From Moneyweek:

“Much of the enthusiasm for gold obviously relates to the weak dollar but we think it’s clearly more than that, it also relates to an abiding concern about the well being of global economies.”

From an editorial in the Asia Times:

“…the more idiotic and corrupt the central banks and governments act, the higher the prices of gold, silver and oil will go. And since there is no limit to the idiocy and corruption of government, there is no limit to how high gold, silver and oil will go. It's just that simple.”

From Bloomberg:
“Jim Rogers, chairman of Beeland Interests Inc., said he is shifting all his assets out of the dollar and buying Chinese yuan because the Federal Reserve has eroded the value of the U.S. currency… Platinum, gold, silver and palladium will ‘be much, much higher during the course of the bull market’ he said.”

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