{"id":24919,"date":"2011-11-02T23:11:15","date_gmt":"2011-11-03T03:11:15","guid":{"rendered":"http:\/\/countingpips.com\/fx\/2011\/11\/02\/gold-lotto\/"},"modified":"2011-11-02T23:11:15","modified_gmt":"2011-11-03T03:11:15","slug":"gold-lotto","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/11\/02\/gold-lotto\/","title":{"rendered":"Gold Lotto"},"content":{"rendered":"

By MoneyMorning.com.au<\/strong><\/p>\n

After going bonkers a couple of months back, our old pal (gold<\/strong>) is moving in the right direction again.<\/p>\n

This morning it’s trading at USD$1,738… and just under $1,700 in Aussie dollars.<\/span><\/p>\n

Central bankers are trying their darnedest to rid the world of meddlesome warning signs (messing with interest rates, pegging currencies – such as the Swiss franc, and printing money). Warning signs that could help you defend yourself against central bank and government attack.<\/p>\n

But through all that, gold still has the habit of giving the game away on what you can expect to happen next. And it’s telling you that more money-printing and co-ordinated wealth destruction is just around the corner.<\/p>\n

Of course, like all predictions, we could be wrong… which is why we never tell you to bet your house on it.<\/p>\n

But if you’re prepared to bet a few bucks each week on the lotto with odds of 10 billion to one, you should definitely make sure you place a bet on something with much shorter odds – that the U.S. Federal Reserve will print more money in 2012, and the gold price will go higher.<\/p>\n

Because believe us, you’ve got a much better chance of getting your money back on a bet against the Fed<\/a> than you have with a bet on the lotto.<\/p>\n

Cheers.
\nKris.<\/strong><\/p>\n

PS.<\/strong> Don’t forget to register for the Sydney Gold Symposium<\/em>. It’s less than two weeks away. Your editor is due to chair day two of the event, including a panel discussion with Eric Sprott, Egon von Greyerz, Ben Davies and John Embry. Tickets are still available. Click here for more details…<\/a><\/p>\n

Related Articles<\/em><\/strong><\/p>\n

Why it’s Not Too Late to Avoid This Investing Mistake<\/a><\/p>\n

Three Steps to Wealth: Leverage, Volatility and Risk<\/a><\/p>\n

Two Decades of Boom and Bust<\/a><\/p>\n

Great News for Options Traders<\/a><\/p>\n

How to Turn Pennies into Pounds With Australia’s Most Exciting Companies<\/a><\/p>\n

From the Archives…<\/em><\/strong><\/p>\n

Gain Without Pain<\/a><\/strong>
\n2011-10-28 – Greg Canavan<\/p>\n

If a Butterfly Flaps its Wings in Frankston…<\/a><\/strong>
\n2011-10-27 – Kris Sayce<\/p>\n

Dr Doom’s Warning for Aussie Investors<\/a><\/strong>
\n2011-10-26 – Kris Sayce<\/p>\n

“Ctrl + Alt + Delete”<\/a><\/strong>
\n2011-10-25 – Dan Denning<\/p>\n

A Mistake That Could Cost Millions<\/a><\/strong>
\n2011-10-17 – Kris Sayce<\/p>\n

For editorial enquiries and feedback, email moneymorning@moneymorning.com.au<\/a><\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n


\nGold Lotto <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By MoneyMorning.com.au After going bonkers a couple of months back, our old pal (gold) is moving in the right direction again. This morning it’s trading at USD$1,738… and just under $1,700 in Aussie dollars. Central bankers are trying their darnedest to rid the world of meddlesome warning signs (messing with interest rates, pegging currencies – … <\/p>\n

Continue reading “Gold Lotto”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-24919","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/24919","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=24919"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/24919\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=24919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=24919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=24919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}