Posted on 06/25/2013 8:01:01 PM PDT by blam
I think there may not currently be trouble, but rather an attempt by the Obama administration to prop up the dollar.
It seems the trade situation is all dollar-strong, trade weak.
Whether it works, we shall see.
Myself I would prefer we work on improving our trade situation, but it seems Obama is propping up the dollar.
At least that is my opinion.
More like Falling knife.
Context. Yawn.
Buy low, sell high. Eat less, move more.thats 90% of what you need to know.
Sorry, both are wrong.
"Buy low, sell high" is a fantasy, possible only in hindsight.
And as for "eat less, move more", that simply doesn't work, if what you're eating is crap. "Eat food" is a much better piece of advice.
(90% of our nation's food expenditures are for items that aren't actually food. Our largest single source of calories is high fructose corn syrup, and our largest single source of fat is hydrogenated soybean oil - neither of which should be in our diet at all.)
The price for physical is what you pay in the free market...not some stupid quote for pieces of paper that supposedly represent gold that may or may not exist in the possession of the entity selling the paper.
A good indication that the price is being manipulated is how the U.S. Treasury Dep’t has been running out of coins to sell...and when they’re in stock, there is a nice premium to pay above the paper price for the precious metal.
For example, they were charging a 40% premium on 1/10th ounce coins about a month ago. I’d contend that the premium more accurately reflected the true value of the physical gold than the spot price for paper claiming to represent gold. After all, the paper could be worthless if you have no way to convert it into physical gold because the seller can’t or won’t deliver.
The Nikkei 225 is down 112 as I post
I could still sell mine for a profit.
That may partially explain the drop but I’d still contend the major reason is market manipulation of paper that may or may not actually be backed by gold. The price of which bears no real relation to physical gold except to the extent newbie investors get fooled into believing it is one and the same.
Although you can usually get better deals elsewhere, I find it interesting to compare the spot price for paper gold and silver to physical sales in the open market on eBay...and that premium is roughly the same that I see at local dealers.
chocolate gelt is always tasty.
A good time to buy.
Please elaborate. Way too simple.
Poor Bernanke...all the king’s horses and all the king’s men just couldn’t get inflation going again...
For those of us that can’t read the chart, what is today’s price? What was it at its high? Thanks.
The move more part is as in don’t stay in the same house too long?
Looks like it was about 1288...it is currently 1247.
It has to drop to $280 for me to lose on most and below $330 on the rest.
Ouch..that’s got to hurt some....
Obviously hyperinflation is upon us.
/
I’ve got about 90 pounds of copper wire to sell and the price has taken a dump.
That’s more telling for the economy than the tiny gold market.
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