Feb 22
2009

Expectations

Posted by Darryl Schoon in Untagged 

drs

 Gold has now pushed above $1,000 in 2009. Whether it will rise further or fall back to retest its lows is unknown. What is known  is that gold's rise someday will not be stopped. Whether that day is today or in the future is uncertain. It is certain, however, that it will come.

The battle of central banks against gold has been in progress ever since the US dollar was  officially de-linked from gold in 1973. The battle is now over 35 years old. When it began, the price of gold was $35 per ounce. Last year and again this year, it reached $1,000. For those unaware of the battle over gold, there is little appreciation of what has taken place.

For those aware, the 35 year tortured ascent  of gold is a sign of its strength. Against all odds, the wishes of central bankers and those intent on preserving the empires that fiat currencies have built, have been thwarted.

That despite their best efforts, gold has continued to rise and will continune to do so until the resistance of the bankers is finally broken. On that day, the markets will reflect the triumph of truth and the fall of hubris.

Until then, wait.

Darryl Robert Schoon

www.survivethecrisis.com

www.drschoon.com

 


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