Monday, January 4, 2010

Gold value and Devalue

Gold value and Devalue.

I did a post the other day suggesting Government is working to devalue gold. I also suggested the feds were doing back alley deals with other countries. By selling direct to other countries it keeps the sales off the books, and  avoids an increase in value.

Today I found an article at ICMJ,s (its a miners journal), A law suit was filed today, Monday January 4 charging the same accusations I listed above. See the law suit artical here.

On another article at ICMJ's today, gold is slated to rise high this year, I attached highlights and a link below:

James Turk provides his forecast for precious metals in 2010
James Turk, founder and chairman of Goldmoney and author of Free Gold Money Report, offers his precious metals outlook for 2010.

Some of the highlights:
  • The US dollar is on the edge of hyperinflation
  • Gold will reach $2,000 per ounce some time during 2010
  • Gold will not fall back below $1000
  • Mining stocks will outperform gold
You can read his forecast in its entirety here: James Turk -- The Outlook for 2010

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