dlaw

Gold Is Set to Regain Its Shine

But Jake2, don't you know that gold is "headed up and ALWAYS will be?" Don't you know that?

And r_craig, you can take a bet on the value of the dollar versus the yuan...or yet...or whatever the heck you're trying to say...any time you feel like.

Gold Is Set to Regain Its Shine

I mean, look at the author's call on oil.

Gold Is Set to Regain Its Shine

Those who think that fiat money isn't real would be at pains to explain about 20 trillion dollars worth of global GDP growth.

Gold Is Set to Regain Its Shine

Actually, McAdoo, people need GOVERNMENT money and what they do is issue bonds to borrow it, thus taking cash OFF the foreign exchange markets.

And since they are injecting that cash into a deflating domestic economy, I really don't see a problem with the value of the dollar.

Rather, I see an enormous problem with the value of other countries' currencies. Thus despite the crash today, the euro is at about the price it was at the beginning of last week and the dollar index is up on the day.

Gold is up to. I think gold will move - as it has for years - with other commodities which are equal stores of value - equally bad in a dollar-deflationary environment.

Gold Is Set to Regain Its Shine

Apparently the author doesn't get out much.

The Dollar Index is UP.

After it's spike to $785, Gold immediately fell $20 to the Friday close.

Know why?

Because gold is NOT money and what people need now is money.