Why not wait until end September for Central Banks to unload their gold quota ? , then November elections getting over and done with. 'Till then, Bush & Co. wants to save face: Americans to "feel good" and for this, a strong Dollar, cheap oil, holding equities (well, kind of) implying weak commodities, especially precious metals kept in check ?
Gold and Silver Will Not Save You From a Sell-Off [View article]
<blockquote>Don'... expect China to go on the gold standard in your lifetime, they are moving to the crude oil standard</blockquot... Well, so why did China's gold purchase increased by +32% in the last 12 month ?! True about an Oil Standard, but still I wouldn't dismiss gold though. 2.5billions people - China & India - share a cultural tradition: they <strong>worship&... gold. And these are the new powers to be. That's why i keep 20% of my savings in gold, ok, with a few gallons of oil and bars of soap !
Gold and Silver Will Not Save You From a Sell-Off [View article]
Is it not the sell-off of ETFs, liquidating hedge-funds, combined with record central-banks gold sales that is keeping the price of metals in check ?
Nice situation for anybody loading on bullion ! anybody that understands that when FIAT paper hits fan, the heavy metals will be all that remains in your hands.
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Gold and Silver Will Not Save You From a Sell-Off [View article]
Well, so why did China's gold purchase increased by +32% in the last 12 month ?!
True about an Oil Standard, but still I wouldn't dismiss gold though.
2.5billions people - China & India - share a cultural tradition: they <strong>worship&... gold. And these are the new powers to be.
That's why i keep 20% of my savings in gold, ok, with a few gallons of oil and bars of soap !
Gold and Silver Will Not Save You From a Sell-Off [View article]
Nice situation for anybody loading on bullion ! anybody that understands that when FIAT paper hits fan, the heavy metals will be all that remains in your hands.