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To: fhayek
Print more money, and the price of gold falls? WTF?

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.

5 posted on 10/31/2014 6:01:38 PM PDT by Vince Ferrer
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To: Vince Ferrer

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.


19 posted on 10/31/2014 7:10:55 PM PDT by entropy12 (Marxist, race baiter, community organizer boy king is 10 times worse than any RINO)
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To: Vince Ferrer
The US is the cleanest dirty shirt.

And that shirt is so soiled and stained that it stinks.

29 posted on 11/01/2014 4:21:39 AM PDT by trebb (Where in the the hell has my country gone?)
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