Agoracom

My personal favorite reason on why the experts tell us gold will no go any higher is this one:

• Consumers have some small unemployment issues but joblessness is only 5.5% and therefore is manageable. The help wanted index is the lowest since the Truman Administration telling us jobs are not only scarce but nearly impossible to find. Michigan unemployment is officially just above 7% when in reality it’s more like 16-17% unemployed with thousands in more losses just ahead. Nationally, the posted unemployment rate is 5.5% but the true rate is 11-12% and rising fast. We forecast a 1930’s national jobless rate of 25% or WORSE WITHIN THREE YEARS.

Its now common knowledge the government has been misreporting unemployment statistics for political gain forever now; no one buys it anymore. If you look at the shadow gov. statistics for not just unemployment but for inflation especially, the numbers are all fudged. The gov. manipulates for political gain, as acknowledgement of higher unemployemnt would shake confidence in the economy and be bad for the ruling elite.