Posted on 11/25/2005 6:48:53 PM PST by hubbubhubbub
Get ready, hubbubhubbub. You may soon be hit with many tinfoil hat protests.
Doesn't seem to be happening, though.
PSSST. It was offset by tax cuts.
It won't happen all at once - it'll probably take a few years. But take heart - I remember reading articles written by Dr. Jack Wheeler during the beginning of the first clinton presidency; the predictions were for 30% inflation by 1996 ... needless to say ...
US$ has been depreciating for a while now while most Americans dont even realize it. 3 years ago a canadian $ was worth 66 cents and now its worth 85 cents. US has trade deficits with most of the world. These are long term issues that noone wants to talk about. American media as usual is busy talking about trivial issues. This is a bad picture and so gold will continue to do well.
hey brilliant,
I believe the point is not that it is starting to happen.
It is happening NOW.
You can't see it, you can't feel it, but it is happening as we speak.
Otherwise why would gold go from $420 to almost $500 right now.
Just why do you think gold is going up?
Regards,
Lurking'
Not to mention silver.
Gold goes up and it goes down. The price of gold has little to do with how well the economy works.
Maybe it is the gold marketing that has occured since rates started falling. It's hard to turn on the radio without some firm trying to take your money to purchase gold.
Could a gold bubble be in sight?
no gold goes up , goes down not as much and then goes up higher than before.
Higher lowes and higher highs, look at the graphs, it is the highest it has been in 18 years.
Gold is the inverse of the cash in your pocket.
Hey don't buy it, don't invest in it, no skin off mine.
Lurking'
Of course the other thing is .....The Cabal
$250 to $495 since '99. Essentially Doubled!
Gold reflects the confidence (or lack of) in Central Bankers (the most powerful unelected officials on the planet).
Use
http://www.kitco.com/
It saves you some mouse clicks.
yeah sure it's the Cabal,
the Arabs are buying it, the Indians are buying it, the Chinese are buying it and even the europeans are buying it.
WHY? Because it's going up in sympathy with oil?
What a joke, Oil is going up in sympathy with gold.
Only us dumb clucks in the US thing that gold going up is a conspiracy, everyone else is just buyin' and smilin'
Lurking'
Thanks. As a metalsmith/jeweler/gemologist, I use gold, platinum, palladium and silver, (as little silver as possible), and the xe.com has those grouped for my quick access. I'll bookmark and use your link, too. Again, I thank you.
Could this be the work of the Plunge Protection Team?
Then we still have to catch up to the last 35 year cycle that peaked in the 70s (or 80s). ;-)
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