Posted on 06/15/2005 3:08:15 PM PDT by BringBackMyHUAC
I wish people would stop trying to sell me gold. It's YOY one of the worst invesments going.
ping!
Sorry, forgot to link the article. The link is:
www.jsmineset.com
Been following this website for years. They're legit...and they're NON-PROFIT.
"If we fall short once again, the dollar is in serious trouble"
A weak dollar is good. Currently, the EU is talking the euro down, and they are tell their people that they should support a weak euro.
It's tough to sell exports when your currency is the top dog.
Holtz
JeffersonRepublic.com
Gold sux as an investment
Gold is below where it was in the 70's. It's a very poor investment unless it gets you laid.
See post #3. You might also want to consult the following chart, it will be an education for you--HUAC
http://www.a1-guide-to-gold-investments.com/images/Gold-Dow-USD-5yr.gif
See post # 8
That's one way of looking at it...but I expect the Euro will be in more trouble than the dollar...
"A weak dollar is good."
It is if you are a manufacturer who wants to sell goods overseas.
It most decidedly is not if you're a consumer who likes to buy imported goods such as cars, appliances, etc.
I happen to fall in the latter category, so I don't like a weak dollar.
What are you talking about? Gold has outperformed most investments since 2001.
Iraqi Dinar
"What are you talking about? Gold has outperformed most investments since 2001."
It's -1.9% on the year.
I said since 2001, and it's about to resume its upward track as per the original post. Same is true if oil keeps rising. Same is true if the housing bubble bursts. Etc, etc, etc. I made a mint in gold because I pay attention to these guys.
A market valued dollar is the only good dollar. It's too bad that every government out there including ours loves to screw with its currency.
==And prior to that? Gold rallied because of 9/11
That was a temporary rally. The sustained rally occured because of the sad shape of the USDollar (which is poised to get worse...much worse). See post #8.
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