Tea Party Gold Rush!

The problem with the dollar is its not backed by anything except for the faith and trust of the Federal Reserve.It takes more work and harder to mine gold than it is for the Feds to start the presses and print more dollars.Gold was $1625 an OZ before the United States credit was downgraded,then it shot up to a record $1900 before tanking to the $1700 range(due to the economic crisis in Europe) I bet Soros is kicking himself in the ass for dumping all his Gold early.Now its at $1823.60 an oz,probably due to the dismal economic forecast this week by the CBO,dismal jobs reports,the speculation of QE3,War in Libya.and Hurricane Irene.So Gold will remain bullish for awhile.The people that did buy gold on August 2nd at $1625 still made a hell of a profit.A very good alternative is Silver.Silver is becoming rarer , and its used in industries.
Precious metals will remain bullish.I dont see a bubble bursting soon.
And since refineries are going to shut down on the East Coast because of Irene,gas prices will go up too.

 

yes,I get what youre saying.

 

Thanks for that. I thought I might be the only one who sees gold buying liberals as closet Tea Party supporters. They should come on out of the closet and be honest with themselves.

 

Seriously, I thought more liberals would chime in on this topic.