Posted on 10/31/2014 5:52:01 PM PDT by blam
I can’t wait to see the gold-backed Ponzi schemes that are going to blow sky-high over the next few days or weeks.
And of course the stock market went up on the news.
The price of gold is quoted in dollars, which is rising against the yen, and pretty much everything else. Gold should have gone up, if priced in yen.
For those surprised that the US stock market didn't crash in September and October, consider what is happening globally. Japan is crashing, China is a mess, Europe is a mess and breaking up, out of all the BRIC countries, only India is doing well. The US is holding up the world right now, and most currencies are falling against the dollar. This is why the stock market keeps climbing, and foreigners keep buying real estate here. The US is the cleanest dirty shirt.
“WTF?”
Here’s the short term answer; all that money is available to borrow for virtually zero percent interest. Therefore people will invest it in stocks, since interest investments aren’t paying anything. More money in the market drives up the price of stocks, which is bad for gold.
“Print more money, and the price of gold falls? WTF?”
That’s the phony price of paper gold, not the true value.
It looks like a buying opportunity to me. Time to back up the truck. Beep. Beep.
Party\\ like its 1999!!!
adoration of the golden calf
Who is the Nipponese Helicopter Ben?
Goldbug ping.
Thats the phony price of paper gold, not the true value.
Incorrect!! When gold is in the dumps physical gold is very abundant and available at the same price as paper gold
Right now the central bank money issuers/manipulators have been able to make the USD strong and oil cheap. Both are not good for gold and silver. How long will this last? A few more years of "irrational exuberance"
Meanwhile party on dude!!
They have caught the dreaded “Bernank-E-bola” virus.
Clarke and Dawe - Quantitative Easing
http://www.youtube.com/watch?v=j2AvU2cfXRk
That was good...thanks.
Seems like the Fed found an outlet other than Belgium for their printed Obola bucks.
I respectfully disagree. Only reason US stock market is on a high plateau is because of artificial zero interest rates by the Federal Reserve Bank. With CD’s paying 0.1%, and bonds paying record low interest rates, there is no place to put money to work except the stock market. Foreigners buying US stocks are paying double due to high stock prices and strong US dollar.
Seniors and savers are getting hammered due to the record low yields and they are forced to delve into more risky instruments such as junk bonds. While food prices, healthcare costs, utility rates, etc keep climbing. The Federal Reserve (FED) does not even have congressional oversight. The Fed is creating a stock bubble. Stocks are as overvalued now as in 2008 before the crash. The government created housing bubble with sub-prime mortgages backed by Fannie May. Every bubbles in every country always bursts with a bang.
Gold prices are simply telling us that this economy is not in any shape or form healthy and will roar any time soon.
.and part of every single government payday-check, goes to a stock market fund.
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