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PRECIOUS METALS:Risk Trade, Weak Dollar Propel Gold To Record - WSJ.com (http://online.wsj.com/article/BT-CO-20091116-707624.html?mod=rss_Commodities - broken link)
The fundamentals underpinning your currency - they're the problem.
In fairness your country's currency has been on borrowed time since the mid-1980's.
As stated earlier, the golden age of your country's economic prosperity has passed
1939-1975 you were ahead.
Since then the rot has slowly set in.
Our Director of Investment issued a report today :
rule 1 the dollar is ****
rule 2 the dollar is ****.
PRECIOUS METALS:Risk Trade, Weak Dollar Propel Gold To Record - WSJ.com (http://online.wsj.com/article/BT-CO-20091116-707624.html?mod=rss_Commodities - broken link)
I guess you have not heard, the most important think in the entire world, according to 0bama, is getting 0bamaCare passed, so it can go into effect in four years. The next most important thing will be Carbon Cap & Trade.
Unemployment, the falling value of the US dollar, a failing economy, Iran nuking up, North Korea setting off nukes and both Iran and N.K test firing missiles, increased Taliban aggression in Afghanistan and Pakistan... they are just talking points and scare tactics from the right. Health care and cap and trade, Fox News, those are the real pressing issues facing our nation.
Dems would love a stimulus Part 2. But they know it would even further devalue the dollar to the point of no return. It still wouldn't shock me to see them try to do it.
Is that kind'a like India raising their stake by in US treasuries by $18 Billion in the last year?
Or China $200 Billion?
Japan $100 Billion?
etc, etc, etc.
Ken
People were buying Icelandic Krona and bonds like candy right up until the end too, and gauging from last year is bs because it was during the artificial dollar grab.
PS - I really don't remember any big demand for Krona.
Uh, yes. Many banks were advertising double digit interest rates for Krona as well as 20% yield on Icelandic bonds. Iceland raised their central bank rates trying to control inflation which promoting confidence in their currency, right up until the end. I also didn't mention anything about the # of people who bought gold. A few did in these countries and they are sitting pretty right now.
Also, in times of high unemployment, gold usually does poorly while the dollar rises because of its scarcity (aka great depression). Me wonders why that's not happening now?
Buy Gold!!! Buy Gold!!! Buy Gold!!! Who will be the lucky one to buy in at the market top...
I'm suspicious of any overactivity...sort of like when real estate was hot. To me, gold is the new bubble, just waiting to burst.
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