Replies

The dollar is stable. If the lowered value oin the dollar U.S.
was monetary weakness then inflation would be climbing. It’s
not. The internal rate of infaltion is incredibly low.

Stop reading the Times and listening to Michael Weiner.

if our economy is so bad why is gold about to take a hit?

After all is’nt that the hedge against a weak dollar and inflation? Those notions are antique.

"The dollar is stable. If the lowered value oin the dollar U.S. was monetary weakness then inflation would be climbing. It’s not.The internal rate of infaltion is incredibly low."

That is decidedly not true for imported products and commodity's sold globally.

"Stop reading the Times and listening to Michael Weiner."

I don't and I have no idea who that is.

"if our economy is so bad why is gold about to take a hit?"

How can gold take a hit if there was no inflation as you claim? You mean the price went up? Guess what that's called.

Second, how do you know it's about to take a hit? If you actually "know", then you would be stupid not to go short on gold. How much are you shorting gold?

"After all is’nt that the hedge against a weak dollar and inflation? "

Not in my case. I have nearly half of my investments in unhedged foreign stocks and bonds and hold significant 10-15% amounts of commodities in the form of funds and ETFs .

Anyone with more then 5-10% of their assets in gold needs to put the pipe down.

Piss on the Slimes and Michael Weiner.

USD is and will continue to be in a downtrend because the powers that be, the Fed certainly first among them, are inflating USD with both hands, 24/7/365.

F'Heaven's sake, look at any 10 yr chart of the dollar vs Sterling, DM/Euro, Swiss, Aussie, Canadian, NZ $. Have to be bloody BLIND not to see what's happening.

Geez.

The dollar is stable? When? Today? Can you read a chart?

http://preview.tinyurl.com/2th343

The dollar has been falling for over a year now and right now is on the brink of collapsing to 72. 8 points down from where it is now. It’s going to happen very soon and ALL imported goods will rise accordingly. It’s falling as I type and gold is rising and will continue to rise against a falling dollar.

Our economy as Paul Volcher stated is “the best economy money can buy”. The government and the Fed have been pumping money into this economy like there’s no tomorrow. They have to to keep it going forward otherwise we are looking at a recession/depression which nobody wants. The government has been lying their asses off to us about inflation being around 3% a year when in reality it’s about 10% right now. If you haven’t noticed rising costs you must be blind. And it’s going to get worse. Much worse.

The Euro is appreciating against the dollar because they have been raising interest rates which strengthen the Euro. The US does not have that option now as it would collapse the economy with all these sub-prime mortgages would default and go into foreclosure. Foreclosures are happening at an alarming rate and are going to get worse.

Obviously you don’t know economics or any history of fiat money and gold. History has stamped gold and fiat money like a sledgehammer for those that know it. You may think “it’s different now” but those are mighty empty words against the deluge of lessons history has to offer.