Bejing is buying gold, do not doubt it. They do not want gold to rise since they use the interest from US bonds to purchase it. They want gold down to 200 so they can get more of it. It's all a matter of economics. They do not want to kill the hen that lays the golden eggs(US of A).
How Will Shrinking Boomer Spending Affect the Economy? [View article]
With the amount of extra money pumped into the economy, baby boomers pensions will reduce in buying capacity. Future inflation is going to kill them. They will be forced back into the market or risk being left behind. There volatiIilty is going to reduce their savings. I foresee a future where money becomes much more fluid.
Buffett Likes to Be Early; Don't Rush to Follow [View article]
This article would be great, except it precludes the obvious. Buffett is making money like crazy. You don't think he has spreads on his holdings? Pleaaaaaase. Duh.
New Economic World Order: U.S. No Longer On Top [View article]
So what happens when China starts printing Yuan's like crazy? Or India decides it's exchange rate with the dollar is a 10 to 1? Or EU decides the dollar is worth 2 dollars, fixed? Now, who decides what currency is worth what? I am ready for my minimum wage of 300 bucks/hour. :)
Gold is still @ 835, even with the gains posted today. I still think there is some downside. I have been in cash since dow 13000 so even if i enter now i still will gain, but i believe i will wait for confirmation. I do not trust this market, to much pilaging of retirement accounts.
If gold is so useless why does the US have 262 million ounces in their vaults? Why does the Federal Reserve keep other countries gold stores in their vault in NY? Gold is a type of currency onto itself, it's a fallback. Right now China, India and Russia barely have any gold reserves. You will soon be seeing Gold buying by these countries as a shore to their currency. I think you have the wrong concept on gold, it's not a commodity, it's an alternate currency. Just like the dollar value, it fluctuates on demand.
Interview with Jim Rogers, Part I: Bigger Financial Shocks Loom [View article]
Oz,
Very true. I still think the market is in for a run, except the dumb financials , who dug a 20 foot ditch and then jumped into it without a means to get out. For the middle class it means prime stocks will be cheap since these fools need the cash and will sell on the cheap. There is one point no one seems to make. Before we were commercing with 300 million or so people. It's now 6 to 8 billion.
An Energy Policy That Makes Sense, Revisited [View article]
I keep hearing complaints regarding ethanol. The next time you are eating a juicy steak at areasonable price, remember this...the grain used to feed livestock comes from the leftover after they convert the corn to ethanol (DDGS). The corn is fully used, inluding the cob, who's oil is used for Bio Diesel. The price of all commodities is more due to India and China sucking up resources to feed 1.3 billion people and not Bio fuels. As far as carbon, look up CTLF(Liquid Carbon Fuel). Clean carbon fuel.
Increasing Ethanol Demand and the Likely Price Implications for Corn [View article]
BTW as china buys more big Macs, price of beef will go up and feedstock also goes up. Wanna guess who profits? Maybe the ethanol producers? Talk about the tail wagging the dog.
The Favorable Outlook for Gold [View article]
How Will Shrinking Boomer Spending Affect the Economy? [View article]
Buffett Likes to Be Early; Don't Rush to Follow [View article]
New Economic World Order: U.S. No Longer On Top [View article]
I am ready for my minimum wage of 300 bucks/hour. :)
Oversold and Melting Up [View article]
Oversold and Melting Up [View article]
Oversold and Melting Up [View article]
Is Gold A Sucker's Bet? [View article]
I think you have the wrong concept on gold, it's not a commodity, it's an alternate currency. Just like the dollar value, it fluctuates on demand.
More On Rising Dollar, Declining Gold [View article]
It's the End Of the World As We Know It and I Own Gold [View article]
Interview with Jim Rogers, Part I: Bigger Financial Shocks Loom [View article]
Very true. I still think the market is in for a run, except the dumb financials , who dug a 20 foot ditch and then jumped into it without a means to get out. For the middle class it means prime stocks will be cheap since these fools need the cash and will sell on the cheap. There is one point no one seems to make. Before we were commercing with 300 million or so people. It's now 6 to 8 billion.
Armageddon? Maybe Next Week. [View article]
yes. The bonds just add to the debt, which in turn brings the dollar down. I'm hedged with Gold and Energy. That said, good luck to all.
Railway Stocks Haul Transportation ETF to Solid Returns [View article]
An Energy Policy That Makes Sense, Revisited [View article]
As far as carbon, look up CTLF(Liquid Carbon Fuel). Clean carbon fuel.
Increasing Ethanol Demand and the Likely Price Implications for Corn [View article]