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The Real War, Dollar VS. Gold
Commodity News Center ^ | 10/26/09 | Clif Droke

Posted on 10/26/2009 1:00:00 PM PDT by h20skier66

A fierce war of words has erupted in recent weeks between the two major camps in monetary circles. The first camp - the gold bulls/dollar bears - have been loudly voicing their twin belief that the gold price is poised to skyrocket while the dollar price is perched for a collapse. The other side - the gold bears/dollar bulls - are making the counter claim the gold price is setting up for a crash.

There is another train of thought espoused by some that a slow, steady decline of the dollar's exchange value, rather than being a catastrophic event, is actually good for the U.S. David Jennett, editor of the Investment Letter, is an advocate of this theory. He writes, "Far from being a sign that things are heading for a disastrous crash, the weaker dollar is a sign that American manufacturers will once again be given a fair chance to prove to the world that they are a low cost, high quality producer."

Even within the gold community there are some who don't buy into the "dollar crash now!" scenario. In an interview I conducted recently with James Hesketh, President and CEO of Atna Resources, a Colorado-based gold production and exploration company, Hesketh said, "The gold price is pushing the limits to new highs on the back of a weakening U.S. dollar.

(Excerpt) Read more at commoditynewscenter.com ...


TOPICS: Business/Economy; Conspiracy; Government; Society
KEYWORDS: dollar; gold; inflation; war

1 posted on 10/26/2009 1:00:00 PM PDT by h20skier66
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To: h20skier66

Gold may or may not skyrocket. But it will not fall much or fast until there is a spike IMO.


2 posted on 10/26/2009 1:22:58 PM PDT by UnbelievingScumOnTheOtherSide (IN A SMALL TENT WE STAND CLOSER! ****** IT'S ISLAM, STUPID! - Islam Delenda Est! - Rumble thee forth)
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To: h20skier66

War? The value of one is the result of the value of the other.

Gold, IMO, is over-priced. Who in their right mind would invest in gold at $1000 per oz?


3 posted on 10/26/2009 1:25:20 PM PDT by wolfcreek (http://www.youtube.com/watch?v=Lsd7DGqVSIc)
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To: wolfcreek

A crazy person in their right mind?


4 posted on 10/26/2009 1:34:57 PM PDT by mamelukesabre (Si Vis Pacem Para Bellum (If you want peace prepare for war))
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To: mamelukesabre

Any time I hear all the TV touts shouting that X is “at an all-time high!!” I start to think “Hmmm, maybe it’s time to short some X.”


5 posted on 10/26/2009 2:12:50 PM PDT by Notary Sojac (Dede is Arlen Specter in a dress)
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To: wolfcreek

Who in their right mind would invest in gold at $1000 per oz?


Every single buyer worldwide over the past month or so, as it happens.

Of course, your use of the term “invest” is deceptive, because many gold buyers aren’t “investing”, they’re “insuring” or “hedging”.


6 posted on 10/30/2009 7:25:26 AM PDT by Atlas Sneezed (Why not "interpret" your tax returns like the Supreme Court "interprets" the Constitution?)
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