Firat Ünlü

U.S. Economy: Golden Dreams, Fallacies and Nightmares

Agree, but ironically enough the US is still the world's largest gold holder (at current prices worth around $230bn), China is still miles behind.

On Mar 09 09:58 AM kelm wrote:

> I wrote a piece on my site sometime back examining how a reserve
> currency can collapse. It was meant as a brainstorming exercise but
> it had China, as now the largest gold producer, going to a gold peg
> and some Asian countries following suit.
>
> I do contend that a major nation or block going to a gold standard
> today would knock the dollar off its pedestal pretty quick and cause
> a major global re-alignment. The US is not positioned to do so Russia,
> China, and a middle Eastern block could. It would be a way of providing
> some hard peg for the financial system.
>
> www.murdockglobalinsig.../

A Simple Post on Gold

What's all the debate about?
It's a sensible idea that's been proposed by the author should his assumption hold true that once the 1k barrier is broken gold will rise highly. Looking at the probabilities, possible outcome and investment that looks like a good way to benefit from a potential gold rally.

14 ETFs to Consider for 2009

Thailand's too dangerous, imo. They set a bad precedent by ousting an elected prime minister, too much chance of the opposite side doing the same.
Agree about commodities, they're worth getting into once the US gets back on its feet or geopolitics change, lots of conflict going on.
The only country I trust to have some sort of decent growth next year is China, I'd like to see first how the rest deals with a downturn before making a decision on them, almost any not to shabby run emerging economy achieved 4%+ rates recently, let's see...

2008 Commodity Performance

All it takes for oil to go up hugely is one terror attack against America. Considering there's billions at stake that's quite an incentive.
What's also interesting is how a falling dollar will affect changing the currency in terms of switching to yen/euro.

Enlightening the Gold Bugs

Thanks for handing me over your money. The dollar will fall like a brick next year.