Wednesday, March 18, 2009

told you so


in what i hope to be a series of told you so moments, yesterday i wrote that the US would devalue its currency. today the fed announced it would buy up US treasuries, effectively devaluing in the US dollar (i thought it would take longer but Obama and team are fast!)

on this news, the price of gold spiked $50. so had you taken my advice to buy gold yesterday, you'd be 4% richer today.


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