January 2012
without a more rapid increase in the amount of money that out. "
- Milton Friedman, economist of the free market
Obama Tax Plan
* Income Tax Rate - Current 35% Obama Proposal 39.%
* Income/Payroll - Current 37.4% Obama Proposal 52.2%
* Capital Gains - Current 15% Obama Proposal 28.%
* Dividends - Current 15% Obama Proposal 39.6%
* Estate Tax (2010) Current 0% Obama Proposal 55%
- Source: Wall Street Journal
According to an article in cnbc.com, financial guru Jim Rogers says "Gold hit $ 2,900 Bubble"
Gold has many years left on his bull run, but the precious metal eventually reaches a bubble, the famous investor Jim Rogers told CNBC.
"It will easily go to $ 2,400, but will reach $ 2,800 during the running of the bulls, who has years to run," said Rogers, CEO and chairman of Rogers Holdings.
"It will end in a bubble when this is over. The way bull markets work is to go higher and higher and then eventually turn into a bubble and that will happen in gold.
He said, however, that this bubble is still years from happening.
"This could be five years, 18 years or six years," he said.
"I hope I'm smart enough to sell, but when this happens it is probably double." He said that at present it would buy silver instead of gold, because it is cheaper on a historical basis.
"I own both, I am not selling or but if I were to buy one today I would buy silver," he said.
Rogers said he was short stocks because it is not very optimistic about the fundamentals.
"It's better in real assets in equities, at least I hope so," he added.
Not everyone agrees with Rogers, but Sovereign Capital Protection does.