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Better yet, many forecasts look like they’re already beginning to come true: 56.8% of our participants predict gold will close as high as $1,499 in 2010 — and the yellow metal is already surging. This morning, it hit $1,110 for the first time ever!
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Martin
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{ 47 comments… read them below or add one }
The way things are going, in my estimation we can not pull out of the recession unless
something is done to reverse the out sourcing of jonbs,
When I started as a sales rep about 50 years ago I had over 750 different companies in
NJ to call on. When I quit my business a few years ago practicaally all were not there anymore, This was in the chemical and related business.
It seems as though most new employment is in government related work
The government has to spend money we dont have decreasing the value of our currency,
making everything more expensive.
I don’t things wil rebound until taxes are brought in line for small business. We must have a change in the administration! Strong Change!
Viral Markets Can Be Contagious!
Who said that the Swine Flu is only dangerous to the human body? Our monetary markets have succumbed to a special version that combines Alzheimer memory loss with viral susceptibility. It seems that ordinary caution has morphed into a version of actions portraying visits into la-la land – asleep while cruising for a real bruising!
Should any of our illustrious financial gurus be wrong about where we are really heading, one needs only look at the number of failing banks (over 116 and counting) and the dramatic devaluation of the US Dollar to get a clue that they may be right.
The amazing and frightening amount of derivatives that are stacked against the USA (in the many, many Trillions) is not even being mantioned in most circles. What happens to the USA when they surface? Somehow, someone with a computer and a button should make this danger “disappear” and maybe that is what will happen when we recycle the whole system? At least we may all have a happy hunting ground to go to out there somewhere. The problem seems to be we have to expire to find non-monetary bliss. Maybe He was right when He said, “It is more blessed to give than to receive?”
William Davis
I would guess that oil will not rise as much as gold in percentage terms in a US dollar rout, in the short term, since demand reduction will spook speculative investors out of oil and into gold. Medium to long term however, OPEC will adjust by reducing supply such that during 2011, oil will start to outperform gold in relative terms. Gold will still appreciate significantly in US dollar terms in 2011 however. A caveat would be the possibility of a return to a gold standard @ 50K+/oz, as a last ditch global economic rescue attempt i.e. to a $US level that would reflect global debt levels.
once we figure out how to store ‘electricity’…we will be on our way to utilize fully the Sun’s energy!!!
Only the long term trends seem to be trustworthy. With the intrusion of the fed and others who may be crooks, the ability to know what gyrations the markets and the price of gold, oil, and other commodities will take is impossible to know. However, the long term trends seem to be the destruction of the dollar and the increase in the value of anything that has real value.
Things look very freightening.
Is it possible in the turmoil that exists with bank bailouts and Wall street bailouts that alot of more ponzi schemes will be uncovered not unlike the ones that have been perpetrated against the law abiding citizens with the new healthcare proposals! Whats next in the new world order?………….An amero dollar and the haves and have nots in class warfare? Don McKay
I know that an audit of the Federal Reserve System has to happen. Ron Paul’s bill has to be passed!!!!!!!!!!!!!!!!
I feel that the worst is yet to come. My thoughts are that the US dollar will plummet even lower, gold will continue to rise (guessing up to $1,800 by 2012), interest rates will rise to around the 10% mark by 2012. A grim view I know, but I just don’t see throwing a ton of money at an already broken economy is the answer. There has to be a consequence. My analogy is, it’s like a tidal wave heading toward shore, there is nothing you can do to avert it’s course – it’s goning to hit eventually. Vicki S.
Martin,
Let’s assume that the dollar will have a total collapse within the next 18-24 months – a very rapid collapse, not a gradual one. How will this affect the stock market?
- will the market collapse ahead of the dollar or after?
- which investments in the market will be the safest?
- which stocks or bonds will recover a decent portion of their previous value?
- would money in a 401k be better off in a money market fund, stocks or bonds?
The dollar collapse is not a question of IF but of When.
I would like to see your thoughts on this in one of your future round tables or briefings.
Long term low interest rates – required for economic recovery – could take seven years. This will reduce domestic and commercial debt to serviceable levels if managed properly. And this way US could maintain world dominant currency, at world financiers request.
This is one of the greatest frauds ever committed on the American and World public. The Federal Reserve Bank has planned this for almost 100 years and is succeeding beyond their wildest imaginations. Their aim is to destroy the $$ and the American middle class (and other nation’s middle classes) and control the world’s finances and thus the world. The bankers such as Goldman Sachs and JP Morgan and the politicians controlled by them plus their friends will be rich beyond compare. Gold and Silver will do what ever they desire at any time. The price of Oil will increase due to peak oil conditions in the near term until alternate energy substitutes are developed. Freedom will be non-existant. Bow down to the monetary elite you slaves.
I’ve entered my WAG numbers but have not received my email to select your list of systems to chose from.
Thanks
Lyman
I own a plastic injection molding business and every business owner I talk to has a different story. Some have done well, some have suffered. Most think it will be more of the same in 2010. You will find companies that will move ahead and some will continue to fall. It will be a patchy recovery.
The economy will be OK. An equilibrium will eventually be reached. It may not be in our lifetime, but then, with situations caused by overpopulation, depletion of natural resources, contamination of air, water, and soil the economy may be the least of our concerns. Short term, prudence dictates that you take protective positions in financial markets.
I have entered my forecasts twice(on two different days). Haven’t seen any return email with free gift certificate as yet. Is there a technical problem in emailing out these?
I have talked to certain Investment companies that said Silver is a good investment(not shares in silver companies, but the silver itself, because it is so much less expensive than Gold. )
Also, an Accountant told me in October 2008, when the Economic collaspe was in full swing, that it was good to have Liquid assets,because of the problems with the banks and the USD.
I have some US Savings Bonds EE. After 1 year if there is a emergency, I can cash some in. Mary Bender
The world stock market will continue to rally up to end of 2010 and Wall Street regains its shine, the same historical ‘boom and bust’ cycle will occur every two quarters where March and September scored well. The US government will intervene to peg the dollar at an optimum level to balance the QE as it is in their interest not to allow the dollars to slide into the cesspit of Zimbawee dollars. The Health Care Insurance scheme have lost its original remit to provide National health Serivce to every American and Bushism prevails. Inflation would pose problems to many rising paper tigers economy as well as G8 countries. Darling Brown (non-executive Director of several bailout banks) economic miracle albeit under a different masters would begin to show good sign of visible budding shoots and UK PLC celebrate a 2% GDP gains but leather belt from Brazil cows tighten by a few notch affects every Tom, Dick and Harry due to rising interests payment costing each TDH up to £5000+ each. It is like trying to arrest a bleeding jugular and every public services mutated due to deoxygenated medium and every excision disected would have remnant of Darling Brown DNA. Oil continue to hover around $70 to $90; Gold down to $960/oz; equity continue to attract money; Martin W remain our Prediction Guru.
Inflation will rise in the USA by 18%
I live in eastern NC. People here are furious with the current Washington crowd. I listen to military, veterans, senior citizens, and small business people. On the local radio talk station people call in about Cap and trade, the health care passed by the congress and the stimulus.
Some of the callers are ex military and think that there could be a military coup to throw the bums out of Washington including the president. This issue with Ft. Hood really has military people upset when Obama say not to tie Hasan to terriorist. All the facts say that it is outright terrorist. He reportedly went to the same Mosque in Virginia as some of the 9/11 highjackers. THe inman there was a radical. Other military guys say that he had to have special terrorist training that he did not get in medical school to kill and wound as many people as he did. All the data say the what he did was premeditated.
RG
The storeage of energy is critical to solving the energy problem. It was once proposed to use a super flywheel running in a vacuum chamber and suspended on magnetic bearings. Electrical energy is added or removed since the device is built as a motor/generator. Have any been built. Is there a company that makes them now ?
the recovery will be very slow and will perk up by 2012 i have lived thru three of these cycles and we will be well on our way to recovery. energy stock will stay steady as we convert to more green energy the auto business will have a slow recovery as many middle class people having suffered heavy losses in income from stock and interest income and will not be trading cars every three or four years as in the past one of the things that is holding things together is retirement incomes with out that the country would in a worse crash than the great depression .the health industry will continue to grow and that will take away spendable income from the a lot of people.i hope it dose not break the country with medicare and social security on the brink of going broke this only adds to the burden on the people
be afraid,but, with hindsight you can make it a little easier. open your eyes and listen
My opinion is strongly influenced by this article called If Obama were a Marxist, what would he believe? posted on http://www.Americanthinker.com on 10/17/09. This is a snippet and I recall that Cloward and Piven were required reading in graduate school: ….. snippet….Cloward-Piven Scheme for Planned Catastrophe: Ominously, in 1966, Columbia University scholars Richard Cloward and Frances Piven published a theory outlining methods to destroy a healthy capitalist economy and force communist revolution. This eliminates capitalism by making impossible state budgetary demands, thereby bringing government insolvency.
Critics claim Obama’s budget is an example of the Cloward-Pivin model of planned economic destruction of a functioning capitalist economy via sabotage. Outlays are so gigantic, and so dreadfully misspent, that our financial infrastructure will soon collapse. A trillion dollar tax increase and spending rising by $10 trillion dollars over the next decade is probable. If so, government default will occur, only offset by mass currency printing, which will then bankrupt the general populace. The middle class will fall. Chronic inflation will result, causing America to lose its sterling credit rating. Global financial players must dump the dollar as it swan-dives. Then, hyperinflation will accelerate, and the era of superpower America will end.
Would the above plan be Marxist? Consider the following statement regarding USSR dictator Vladimir Lenin’s opinion on the topic, from famed economist John Maynard Keynes’ book “The Economic Consequences of the Peace”:
“Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.”
How has the above article influenced my opinion? It makes me begin to wonder if the current Administration’s plan is to control the capitalistic segment of America to whatever extent they can and to begin to impose upon business owners not only guidelines for executive compensation but also to require significant conformity to methods of production and treatment of employees (Cap & Trade and Health Care bills)
If so, America will be less competitive in the world’s markets except for that the downslide of the dollar will create inexpensive exports. (Our imported goods will cost us more dollars). Unfortunately, I see a stagnant economy with little creation of jobs, high unemployment and few new jobs being created. Unfortunately I see our economy sinking further, to depression levels and I see gold becoming the only reliable currency that can be trusted because other country’s currencies, being stronger than the US dollar, will have slower economies (expensive exports) as well. Who knows?
Nobody knows where this will end up, depite all the Kings horses and all the King’s men (currently known as G-20).
Hi, Seems that trying to gauge interest rate is not all one has to do. Even with no announced higher rate the dollar de-valuation is either an indirect tax or higher rate of interest with out Bernake actually declaring it so. Bound to effecf stock market and business. Gold is good but silver may be much better investment.
This question is almost too simple to ask and probably too complex to answer – But – since the United Feration of States became one nation – we have always been in some type of overt or covet war; wether sponsored, underwritten, or paid for with other currency. Why in the world could we not be the first nation to say “we are no longer honoring our debt to foreign nations.”
As a contratrian thinker I’d like to know your thoughts. Will we be kissing ourselves good bye, or would we become a more unified confederation. If the dollar is not working for other nations that why don’t we abandon it and create a new one. As a natural resource manager, htis nation is rich in natural abundances; its the behaviors that need to change to mitigate risk and unintended consequences. — Has any of you ever thought the same about cancelling our monstrous debt and calling it all even? Martin – your thoughts please – this is just a hypothetical situation – what’s your take?
Dear Martin I think you and Larson are two of the smartest men in the financial investment world. My world did consists of the production ag circle. I went through the 80s and Paul Volker ara, and lost everything. We turned generation gap in the late 70s inflation ara and got death taxed to death!! Then I had to borrow money to buy the farm (family farm back) I was 41 yrs old had’nt spent a dime, other than the farm, and got socked with 17,5 % intrest rates on operating capital and land costs. the embargos came after the russian invasion of afgan, the tit for tat trade wars with mexico and canada. the calling in of the 12.5 billion bu grain stoage, the dairy bonanza, that killed the cattle market, Hillary Clinton, Jerry Brown all dem govs made 1-4 million dollars a piece in one week!!! all( Martha Stewart bullshit) insider usdaadministraion, I ended up selling wheat for $1.19 cents a bushel in 1989, my great grandfather sold wheat in 1882 for $1.42 cents a bushel , So inflation can and will go the other way. There was cheaper food in 1989 than in 1882. Go figure, and they wonder why the midwest farmer went broke!!! Tell Henry ford to sell his cars for 600 dollar a piece and see how long those guys last.!! or electricity for 1 cent a killogram, So it went in the 80s. So keep up the good work Martin and Lars and keep us informed of all these Maddoffs and petters and all those dam political crooks and pyramiders. the poor and middle class got raped and burned by these Democrat bullshiters and there cronies, and we pay the price.
David s Hovda
Until there is Tort Reform , we will have NO healthcare reform worth having. Until we abolish the FED as Ron Paul advocates , we will see further eroding of the dollar. Until we have a free market economy with NO BAILOUTS, we will never see a sustainable recovery…Personally, I see none of this happening anytime soon.. The tough choices are the solutions. It’s nothing more than just merely common sense, something that is not present in Washington and Wall Street…Not a very pretty horizon…Investment wise ..Gold, Silver, Oil…
There is only one way to continue this fallacy of prosperity, and that is a good dose of massive inflation and unbelievably high interest rates, and maybe a war. That will keep the battle ship going in the current direction for a little while, but If you want to turn this battle ship around you’re going to need some help, you’re going to need someone to finance this debt and it is going to have to be to their advantage. Soldiers are returning from Iraq; they want to start families, businesses, buy cars and houses, and they need help, so fire all elderly workers (because we are the ones that got us into this situation)to make room for new and innovative employees. Throw every one over fifty out into the street, feed them dog food and don’t provide for their medication. Let the bankers repossess their houses; that or find some way to create jobs. I think that rather than print all this money and give it to AIG, (Goldman), Bank of America, those greedy bankers and insurance companies that financed the current real-estate bubble. We should give the money to any one that wants to start a new business. Not loan it to them, give it to them, and if they prove to be successful, and can hire employees while paying them descent wages they should be rewarded with more money.
Protect yourself from the printing presses that are running 24/7 at the Fed. Buy GOLD, SILVER and OIL! Unfettered printing of fiat currency always causes inflation. These commodities will protect your buying power.
We are living in a grand illusion! The federal reserve which is niether federal,nor does it have much of anything of significant value in reserve, is creating trillions of dollars out of thin air. Then pumping that “money” into the economy , by buying morgage backed securities, treasuries etc. thus keeping this giant ponzie sceme alive, while this group of bankers continue to buy up America whith those little paper IOU nothings, called dollars, they create at will. Meanwhile the gov continue to expand its controle over more and more of the economy. People who dont learn from history are destined to make the same mistakes! So when people around the world fully realize that the dollar is being intentionally devalued and our gov has no real intention of paying its investors off any more than Bernie Madof did, at least not with dollars worth anything near their current value, the dollar will crash and the fed and our gov will own and controle virtualy everything. The american people are being robbed on a grand scale and they just dont see it. People like my parents worked there whole lives to save for retirement, now the powers that be are intentionally devalueing the dollars they worked so hard for, by geometrically increasing the amount of money in the systeme. Now they (the fed and gov) have the money and the money the people still posses is
worth less and soon to be worthless. America and the world is being fleeced and most people like sheep are going right along with it quietly. Where is the outrage! People we are being taxed regulated and robbed into eventual slaveryand oppression!
Grait work Mr. Weiss
“Change you can believe in.” Just meant different than most took it. Deceit. Batten The Hatches.
I watched a documentary, which I believe was produced in Europe, that looked at the illusion of land ownership (or ownership of any kind) in America. What was stressed was the number of laws and restrictions that apply to land ownership and business ownership in this country. They reviewed everything from the IRS, EPA, SEC, etc and stated the fact that the USA has more rules and regulations governing its citizens as to what they can and can not do in the normal couse of land and business ownership than any other country in the world. Simply put, the law profession runs and rules this country, not it’s citizens! Wall Street runs Washington. Major reform has to come in the area of tort law et al. Without that happening more and more business will move their operations (manufacturing and research) offshore. I, for one, have moved, and encourage others to do the same, outside the jurisdiction of the law profession in this country. It was not wages that made me move operations…………
Dear Martin: It is interesting how there seems to be a disconnect between what people believe and how their belief translates into ethical actiion and what they ignore as objective relitiy. Wasn’t it the Father of our country who said, “you can’t have an enduring government without religion.” Unless people believe in God and the knowledge that God is both perfectly mercyful as well as perfectly just, they will act in their own selfish interest irrespective of the rights and obligations of others. Tyrants hate religion because they want to be supreme with no accountability to Almighty God. But God is Supreme and eternal. God is the Creator and makes the rules for man’s peace, order and happiness in this life and the next. Go against God’s laws and you will see the consequences. Our financial problems are based on a disregard of the Ten Commandments in our personal lives as well as in government. The family is the basic building block of society. If childfen do not have religious training and parental role models what do you expect? When they grow up we have what we see today, divorce, drugs, infidelity, ignorance, exploitation of men and women individually and in the financial system. Will America have to be brought to its knees? If it is we may have some hope for new leadership that is based on the Natural Law and the admission that we need God and His laws in our lives. Let us start with our individual selves first to get the power to oppose those who would for whatever reason control and destroy us. Let’s look for the individuals who know that “one man with God is a majority” Regards, Mary.
We gave away our manufacturing sector and turned our banks into speculators by repealing the Glass-Steagel Bill designed to prevent that during the Great Depression.
With no significant manufacturing sector and all the manual and technical support and sourcing that goes into it, who is going to create new jobs? Will we depend on the govt. to create them? If so, we are on the road to maximum dependence on govt.
Wouldn’t it be ironic if, years from now, China set up factories here and employed Americans to make their products to sell to the American markets and took the profits back to China? No, not really, because foreign companies already do this. (Japanese and European automobiles , pharmaceuticals, etc.)
You can’t thrive if you have foreigners do your manufacturing overseas with cheap labor and also expect them to loan your Treasury money to keep it afloat at the same time. This is what China and Japan are now doing. They basically own our Treasury debt and can sink us ( by having a fire-sale of the U.S. dollar) if they had such a desire.
Martin; CONGRATULATIONS! Providing a public forecast forum is a brilliant idea; especially if there is an effective way to analyse and implement the results. You have collected a world of grassroots wisdom. In my opinion, the most successful way to counter the powerful forces aligned to destroy America and all it stands for is to get back to the basics: Bible, Constitution, Bill of Rights, Federal Papers, etc….all the building blocks which formed the foundation upon which our nation became free and strong with liberty and justice. More wisdom is required to recognize the value of our foundation and maintain it than we have demonstrated for far too long. Many, if not most, of our financial, educational, governmental, religious, and other institutions have dumbed down and weakened our resolve to the point that we will become a push over for most anybody. Even as we are now failing, many US citizens are so ignorant of what made us a unique, vibrant, powerful nation, they can’t see that we are our own worst enemy. We are destroying ourselves. Consequently, I believe we have to start with ourselves; our families, communities, representatives and other leaders. Our focus must be on developing wisdom, not empire. We can control all worldly energy, power, and riches but if we lack the wisdom to utalize them properly, to count our blessings, give thanks, and worship our Creator, it will all be for naught. I pray we do not have to become completly broken before correcting our ways, as frequently has been the history of many other civilizations.
The Federal Reserve, created as a private for-profit Corporation in 1913 is the only one that is tax exempt! They set the interest rates, they ask the Treasury to print dollars. They have been grossly irresponsible ever since former Ayn Rand protege and sound money advocate (gold backing) Alan Greenspan sold out America by creating “free and easy credit”. You have to create money, you put loans into the hands of people who cannot handle them or those that cannot stop buying on credit. Eventually, it blows up and now that it has, the Fed has created a situation to debase the dollar. (Actually, it started with irresponsible George Bush and continues now.) Gold is reflecting the loss of spending power of the USD in world markets. I doubt you will see it go below $1,000 again. Good idea to diversify some of your cash into it but do not buy the gold ETF’s that hold bullion for you (1 share = 1/10 oz. gold). Instead, I suggest buying into the gold mining companies themselves. After their production costs, the rest is profit and pure profit as the price continues to rise.
What more can I say about 2010 and the years to come than America, under its current leadership seems headed for second world economic status. Never thought I’d see this in my lifetime. Great civilizations have risen and fallen throughout history. What an interesting experience to be here for the Fall of the American Empire. Our only hope is selling what we do manufacture to other countries with a cheaper price (due to a declining U.S. dollar). Even that will not save the empire. If the dollar weakens to a point of the Fed having to raise interest rates, the older folks will be happy to see their savings earn interest, but we all know this means hard times to come. How much can the govt. tax to pay the debt service?
In Japan, Obama has made a speech saying that the USA will, in the future consumer less and export more. Given that our economy is 70% consumer driven and that our exports rise as the dollar continues to decline in value to foreign currencies, what will the future look like? I thought he wanted a recovery. Are we suddenly going to shift to heavily weighted percentage of exports as our GDP driver? Given that we gave away our manufacuring years ago, we will need to rebuild it. We will need an Administration that is willing to support capital expansion for Capitalist manufacturing to achieve this.
Well, as far as General motors and other US auto companies, The US auto industry will follow the US television, radio, telephone, computer, and smoke detector manufactoring right out of this country. Beware of energy also, Japan is spending Billions on a space solar units to harvest the sun energy, sending it back down to earth for use! No recovery with 20th century models.
I predict that people in North America will start growing there own food by a whopping 25-35 percent. Next year It will increase by 50 percent. I also predict that computers will become dependent on a chip fueled by green energy coming from plants, in 2011. Gold will increase in value by 250 percent then slide back to 1200 per ounce by April 2011. Then silver will take off an increase its value by 500 percent.
I predict tha investmnet in windmill and soar energy will increase by fifty percent by august 2012.
I think the greatest opportunity for profits will be with the double short ETF’s and keeping very liquid in cash, treasury bills. When I look at the patterns for the first rally after the ‘29 crash it retrenched apx. 50% looks almost exactly like the rally from March. The next 3 years the market fell worse than initial crash. For me this is an extremely risky time to be invested in anything. I think there will be another day several years from now that will be an opportune time to pick up bargain prices.
I predict that many banks will fail and there will not be anywhere near enough funds in the FDIC to cover the investors.
The best “money” will be gold and silver.
Those best prepared for these bank failures and the loss of value to the U.S. Dollar will be those who have many gold and silver coins on hand and plenty of food for several months and means to prepare it and access to water which they can purify at home without electricity.
Investing in windmill generator manufacturers providing jobs in Canada and the US makes much more sense than sending our money out of North America… Keeping money circulating withinn the family can only improve US and Canadian economy…
A local munitions factory might be good as well to invest in considering the number of bullets currently flying worldwide…
Thomas
author: – “Chronicles of a Prophet”