"The full faith and credit of the United States" don't mean squat with the $-3 Trillion-and-counting Kenyan Pimp at the helm, and everyone knows it.
Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.
Posted on 09/15/2010 10:00:17 AM PDT by Nachum
On September 13 Gold hit a new high of $1,274.00 per ounce. Gold has often been the safe haven for investors fearful of future financial downturns and political upheavals. As such it also serves as a barometer of the success or failure of economic policy being pursued by the major western economies, particularly the United States.
A cursory examination of the price of Gold the day after a Presidential election in the United States versus the price of Gold 22 months thereafter as well as the end of a President's first term shows more than any government issued statistic or media-driven poll the perceived success or failure of a Presidency.
Silver blasting past 20 bucks. What is going on?
Very interesting.
Maybe the run-up in mteals is part of the plan. Hussein most powerful backer is an investor on a global scale.
There’s a lot going on, as I understand it, but mostly over time the reserves are diminishing 10% year to year now, because:
1. MANY key industrial uses.
2. Compared to gold it is found closer to the surface, so most reserves are already known and tapped.
Supply and demand, and people catching on.
In summary: % Increase in Gold Price after first 22 months post Election Day
Jimmy Carter 73%
Ronald Reagan 2%
George W. Bush 3%
Barack Obama 72%
>>1. MANY key industrial uses.
yes, but one of the main uses, photography & xrays is decreasing rapidly
Counterbalancing this:
a) gold jewelry is now out of the price range for most. Thus most jewelery demand will switch to silver.
b) China has to do something with all of the dollars we send them. If they buy too much gold with those dollars, they become THE market maker, so the dollar falls. The trick for them is to use 0’s strategy and spread our wealth (now theirs) around, without being too obvious.
Perhaps people can’t afford to invest in Gold anymore.
I know it sounds silly but perhaps silver is the poor man’s gold.
"The full faith and credit of the United States" don't mean squat with the $-3 Trillion-and-counting Kenyan Pimp at the helm, and everyone knows it.
Sure. I can not afford any gold. I am investing my meager amount in Conservative candidates. I figure it is a better investment than anything else right now.
No doubt.
>Sure. I can not afford any gold. I am investing my meager amount in Conservative candidates. I figure it is a better investment than anything else right now.
Ammunition and foodstuffs seems like another good investment...
Jimmy Carter 73%
Ronald Reagan 2%
George W. Bush 3%
Barack Obama 72%
POTUS is so economically illiterate, he’s probably PEEVED to be running in second place and hoping to beat Jimmy Carter by the time his first term ends. He probably boasts to his friends how much better he’s doing than Reagan or GWB. The price of gold essentially is an international report card on U.S. economic performance. The rest of the world essentially has given Obama a big fat F.
But it's more than that. I've been watching a penny stock for more than six months as it dribbled away from about 25c to 10c, waiting for some kind of miniature V-bottom or clear sign of volume drying up as an entry point. Well I guess I missed something:
There's lots of talk that China can't buy gold directly because it will jack the price up too high, so they are buying miners instead. Something like this backs up that theory.
Please note that I never bought this stock. And now I have no plans to. Both the quick money and the easy money I was waiting for is gone.
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