Wikinvest Wire

Santelli talks about gold price suppression

Wednesday, November 25, 2009

Skip to about the 7:45 mark to hear Rick Santelli say, "Central banks have to be petrified about gold going to $2,000! Didn't Larry Summers write a paper saying that central banks have to keep a lid on the price of gold for obvious reasons?"

It keeps getting more and more interesting with nary a hint of the gold price faltering.

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News said...

It makes no sense for gold to be where it is when the price of chicken, beef, and pork is so low. You can't eat gold

I believe that a significant correction is coming when the excess liquidity disappears. When, who knows?

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