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Treasurys and gold slump as equities rebound

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Comments (2)
  • Brian Bobbitt
    , contributor
    Comments (1905) | Send Message
     
    Gold is at a real price. The US$ is still the reserve currency. Gold will continue on its merry way, of up and down, [more up than down] until the dollar unravels, [not too likely] or when we start trading oil in some other currency.

     

    The doomsayers, have a joint chorus singing the end of the dollar, and to put your money overseas and in foreign real estate, and silver and gold bars.
    Yes, we have been printing a great number of dollars. Yes, we have a great debt. But, debt is good in this case. Most don't understand it.
    Our economy is vibrant, and we are the grocery store to the world. Most innovations come from here. Oil is cheaper here than most developed countries. Hell, it's dear in BC and in Norway, gasoline/diesel was seven bucks a gallon 20 years ago.In Egypt, last I was there it was .27 a gallon.
    Gold has spiked a coupla' times due to irrational exuberance [love that phrase] and as usual it sits down where it belongs at the table. Not at the head of the table, but in the middle where it belongs.
    Gold will continue to knee jerk when things look better or worse, so when it takes a hit, take a spoonful, and then hold till it does it again and again.
    Just sit back and remember, our government will do all it can to do it wrong, until we are at the brink then due to circumstances beyond its control do what is needed and right.
    Relax, I'm gonna go bay at the moon as it comes up over the ocean.
    Capt. BrianThe Lost Navigator
    4 Mar, 07:06 PM Reply Like
  • goldy1asb
    , contributor
    Comments (39) | Send Message
     
    Global stocks rebounded. Bonds retreated with gold as oil slipped the most.
    4 Mar, 07:38 PM Reply Like
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