Former hedge fund manager, host of CNBC's Mad Money, and best-selling author Jim Cramer is not holding his breath. Based on him, this meeting will probably be filled with nothing more than a lot of nonsensical jargon and false hope.
According to Cramer, we need a 1000-point drop off to avoid the cliff and it's nearly naïve to believe we're going to reach a “market credible plan” so we've got to prepare accordingly for your worst. Cramer mentioned that Warren Buffett said that we're most likely going to go over the cliff this coming January 2013. Cramer continues, “You can meet with all of the CEOs you would like to. You are able to get 1000 CEOs in a space; doesn't truly matter. You can get 200,000 people in a room. Doesn't matter.”
Conservative activist and president of Americans for Tax Reform Grover Norquist has firmly argued against tax increases and Democrats cannot appear to agree upon sufficient of an entitlement benefits reform package to really tackle the debt crisis with any achievement. How high will silver go? Learn more >> http://www.silverpricestoday.cc/
Ladies and gentlemen, it sounds like we really are sitting in a severe stalemate that will have some unforeseen and dire consequences as we dive headfirst off the fiscal cliff into an uncertain marketplace in 2013.
Cramer believes gold is the only currency that will survive the imminent cliff diving and he's desperately urging investors to turn to gold as their fiat cash quickly depletes in worth. Start hedging your portfolio now.
Central bank easing has incredible impacts on gold prices - and now that quantitative easing policies are being adopted in countries all over the world, you can anticipate more gains for gold ahead. Frank Holmes, CEO with U.S. International Investors, backs this argument, together with esteemed former hedge fund manager Jim Cramer.
In the United states of America, the Federal Reserve has resorted to an open-ended quantitative easing plan, while the Bank of England is about to adhere to suit with their QE policies; the Bank of Japan announced recently their choice to expand their system of quantitative easing; and also the European Central Bank has suggested a motion to buy bonds in order to help debt-ridden nations and try to give the euro a boost. Each time some thing like this has happened in background, gold prices inevitably surge against the fiat currencies.
Just take a look at the previous number of years of gold's historic bull run, tied directly to quantitative easing and also the depleting value of the previously dominant monetary bases: both the decline of the dollar and also the euro. Intelligent investors are preparing for the value of their money to shrink: They're hedging inflation with gold. From the sounds of events unfolding, we're in store to get a serious gold upswing in the next couple of months, particularly. My suggestion would be to purchase gold and purchase silver today. Why wait for doomsday? Rare Coins, Silver Coins, Gold Coins, Learn more >> http://silverpricestoday.cc/