Everyone Needs To See This

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pjgatz

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Everyone Needs To See This

posted on Jan 30, 2009 04:48AM

This is the kind of news that will have banks approaching SLGLF. All of these emergency global meetings were the precursor to a major change for all currencies. As they say: "He who holds the gold....."

Powered by Minyanville: Global Gold Rush

Investors are flocking to gold as central banks around the world spend trillions to rescue a failing global financial system. According to Bloomberg, 16 of 24 analysts surveyed by the London Bullion Market Association believe gold will appreciate at a minimum of 17%, rising from $882 an ounce on December 31 to approximately $1032 later this year. Gold is typically favored during times of economic turmoil; the precious metal has appreciated in 5 of the last 6 US recessions. For more, see Gold, Dollar Index Set For Major Move by Professor Fil Zucchi.

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