[hennie pennie]

What's your take on this?

Thanks.
HP

[tongass kid]

“We don’t want to be repaid in clunkers.” We want to be repaid in gold.

[Migraine]

Well, Au is flying out the gate in Europe and Asia today, isn’t it? $1163 and counting at present.

My take is that panic buying is setting in, which will lead to quite a bubble. Knowing when to get out is always the trick.

I say $1500 in 5 months and $2000 within 18 months, maybe sooner. And who can blame the buyers? Folks holding currencies are going to feel like they’re holding cotton candy, more and more so as time goes by.

[Cold Heat]

Gold is a good way to short the dollar. As this health care abortion appears now to be closer to passage, the various governments of the planet who own dollars are buying as much gold as they can to protect them from the downside risks of their US securities which they all have.

This is just the beginning of the double dip and they see it coming.

The eventual downgrade of our debt from AAA is now a lot closer and if that happens it will be devastating.

[AAABEST]

What's your take on this?

You didn't ask me, but I'll stick my face into your conversation.

Take #1 - Two major governments bought massive amounts of Au. They have major heft and are influential players in the market and now have a vested interest in gold doing well. Logically, a lot of the smart money is following them.

Take #2 - The dollar is becoming unreliable.

Take #3 - Paper instruments are becoming unreliable.

Take #4 - Western governments are devaluing their respective currencies by creating new fiat money at an unprecedented rate.

Take #5 - Certain governments, organizations and individuals want to cover their asse(t)s and protect their wealth in an uncertain and volitile economic climate.

Take #6 - America which is (for now at least) the center of attention, has low-rent version of Jimmy Carter as her president, with a collectivist, statist legislature egging him on. Few investments look any good with such disoriented freaks on the loose.

Take #7 - Impending inflation.

My apologies for butting into your conversation.

[American Constitutionalist]

I am not a financial expert, but, it looks as though the foreign markets are nervous , and have no confidence in America and have a itching that the stock market is going to take a really big tumble this week and Thanksgiving day will be the only day this week that will stop the bleeding.... that is all just a guess.

[Phosgood]

“What's your take on this?”

henni penni, If you are in Iran, the sky may be ready to fall’

If you are an Israeli fighter/bomber pilot, better get a good night's sleep.