Dave Wrixon

U.S. Treasury Owned Gold: What Can It Buy?

If you think Gold is money, take some down to Walmart and see how you get on with with weekly shop.


On May 26 02:43 PM ArbyH wrote:

> The current powers that be will do everything in their power to keep
> gold from being seen as traditonal money, which it is. They will
> manipulate scarce real gold prices downward using unlimited printable
> paper money in paper markets. That is the only game they can play
> to try to maintain their advantage - smoke and mirrors.
>
> When some suggest the game changes to non-dollar trade the US will
> go to war to continue the game. ie. Iraq, Iran.
> When an equal power calls BS then the game will change and the US
> will be in deep chaos to scramble for a new game, but no one will
> want to play a rigged game... and we fall hard.

Are We More Like 1932 - or 1923?

Volker has already been rolled out to provide the necessary confidence that they know what they are doing.

My doubt is whether he still does?

Are you sure it is not just a cardboard cut-out?


On Apr 09 11:22 PM Conan the Barbarian wrote:

> High Inflation, probably. Volcker will be brought back into the limelight
> to soothe the savage inflationary heart. Probably by the end of the
> year.

Are We More Like 1932 - or 1923?

Possibly a reasonable assumption, but I think you will find that the crisis will descend very suddenly and with almost no warning, and is farily imminent. This is no time to play silly beggars!


On Apr 10 03:47 AM Steven Hansen wrote:

> the dollar will not crash in the next week. >

Are We More Like 1932 - or 1923?

<Only gold will play its traditional role as a protector of savings against inflationary onslaught. >

Everything makes perfect sense until you make this comment.

Yes, Gold may well hold a role but inflation will be reflected in tumbling exchange rates.

Assets and currencies of others outside the dollar system will be largely immune to the effect of dollar inflation, particularly as its role as a reserve currency would evaporate overnight. Investments in economies such a Russia and China that will be largely immune to the dollar crash may well provide a better haven than Gold.

Also most of the demand for Gold will be in the US. It may well be that others are prepared to sell some by then. Of course the US Government and large US Corporations may have to resort to using Gold as currency, and that really would have an impact. I would think it will pretty soon be made illegal for anyone else to hold the stuff.

Are We More Like 1932 - or 1923?

And just how long do you think that will last?


On Apr 09 05:50 PM Conan the Barbarian wrote:


> USD still too strong to allow inflation. Palladium might approach
> parity with platinum, $2,500 cars will not use Platinum.