The dollar has been weakening for the last few years and has picked up downward momentum in the last six weeks.
Posted on 10/24/2004 5:25:33 PM PDT by shrinkermd
...ahhh GOLDFINGER ! :-)
The dollar has been weakening for the last few years and has picked up downward momentum in the last six weeks.
fiscal cuts of that magnitude are not going to happen. we need to grow the tax base, but globalism means we are sending so much of it offshore, we can't.
what is the best way to buy physical gold? are they still minting kruggerands?
You give Soros why too much credit.
Now the Chinese government is all-together a better suspect.
Also, the Japanese have been moving towards a higher percentage of gold in their currency reserves.
please explain, thanks
From that chart it looks more like it went up after the attacks on 9/11.
Ok, my chart reading skills are severely lacking...
Bookmark.
"fiscal cuts of that magnitude are not going to happen."
unfortunately i agree with you. i simply wish this was an issue that was at the forefront of our campaign. kerry has tried to state that bush blew a surplus; the real issue is spending and no politician wants to say he is for less spending.
Somebody may know that something is about to happen. Possibly because he/they are the ones planning it.
I find the "Asian" connection interesting, because I strongly feel that China and Al Queda are in bed, with Al Queda being China's deniable weapon against the US. There's also the reports of China having bought lots of oil in the last year (strongly contributing to the run-up in oil prices)
I smell a rat in the Middle Kingdom
Folks! If gold is getting quoted in dollars ( D-O-L-L-A-R-S ), and those dollars are going down in value, then sellers of gold will want more of them for each unit of gold. The action is in the dollar, not gold.
The currency/dollar market is MONSTEROUS, much larger than stocks/bonds, and dwarfing gold. If you needed to buy dollars to buy all of the available gold on the planet, it would hardly move the currency/dollar markets.
the surplus never really existed - it was a consequence of the market bubble, people paying taxes on their stock options, stock trades, bubble driven salaries - the government took their piece of the acton in taxes. the late 90s surplus was part of the bubble, nothing more.
Why?! If you have the physical gold and get called on your short, then all you do is deliver the metal, which is what gold producers do for a living.
Is a $4 spike in gold an unusual thing?
Almost all of what you posted in #34 has been tounted again and again for the last 25 years.
"the surplus never really existed - it was a consequence of the market bubble, "
you are singing to the choir. these are what i term "event driven" temporary increases in gov't revenues. we also saw people begin to cash in on IRAs and 401Ks, which is chronic. the latter is good news because savings equates to more investment and more jobs.
there are many gov't functions that could be stopped, or farmed out to the private sector. until we do these things, we will not get a true surplus
What was the name of those brothers who tried to corner the silver market a few years back? Almost did it, too.
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