goldis4ever

Gold Topped All Currencies in 2008

"Gold Topped All Currencies in 2008"

Of course.

It was always the wall streeters who saw gold as something archaic. their wheeling dealing and math smarts in the finance world was supposed to be the last word in stable investments in whatever: currency, stocks, bonds, hedge funds, 401Ks, etc. In various interviews I saw, they always dissed gold. A rare exception, Jim Cramer of Mad Money, who once hated gold, however, has saw the light.

Now that so many of them and their phony financial instruments has been thoroughly discredited, gold is looking shinier than ever before.

Dollar Down, Gold Up

housing and stock prices are deflating (and as well they should). But not everyone buys houses or stocks or don't even care about them. But they are concerned about every day things like groceries, clothing, restaurant meals, movie tickets, apartment rentals, etc. The prices of those are slowing INFLATING!!

We're not experiencing rampant inflation now because the central banks are sitting on a pile of cash and are reluctant to lend out. Very soon they will have to because it's their business to do so. And then watch out!!!

Dollar Strength: An Illusion

I've visited a few gold dealers looking to buy some one ounce gold bullion pieces and was shocked to learn they charge nearly 20% above rate quote for the premium, rather than the nominal 3% over rate, despite the present falling price of gold. I guess the dealers knows that the gold rate will rise with a vengeance very soon and wants to make their money now!