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Message: Barry Ritholtz “Gold Has A Date With $1,500 Somewhere In The Future”

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Re: Barry Ritholtz “Gold Has A Date With $1,500 Somewhere In The Future”

posted on Dec 22, 08 06:05AM

As the world churns amid its worst economic crisis since the last global war, something else is stirring as well, and it is the one factor which ought to be near the top of the worry list of leaders everywhere. Social unrest is beginning to manifest itself at a time when people - especially young people - feel that their future prospects are cloudy-to-bleak. Anger against those they see as feathering their own nests while leaving them without a nest to call their own, has sparked rage in Europe's youth. Bloomberg's Celestine Bohlen reports on the disturbing syndrome and its spreading trend:

I wonder if spreading worldwide riots and overall calamity will lend support to gold as a safe haven sinc ehtere is just general concern in the air. My theory is that ALL developed nations will have to more amounts of money in order to keep its people on the dole and keep calamity contained. People just cant find good jobs anymore and theres too many people to boot with immigration.

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