gmiller

3 Reasons Not to Believe In Gold's Recent Rally

Hmmm. you may be working to old paradigms. Back when the dollar had some value, the U.S. actually had a lot of gold, the financial sysyem hadn't yet crashed, we didn't have millions of properties headed into foreclosure, with more being held back, mark-to-market and other accounting rules hadn't been trashed, banks reliant on free money for survival, U.S. Treasury requirements didn't exceed available worldcapital and foreign entities hadn't lost patience, your article might have made some sense.

Gold is a very volatile item these days, so I accept that there will be some corrections and pullbacks, especially with agents of the U.S. madly manipulating and traders maneuvering for profits. But mid and long term, it's going up, up, up, up and up. Not just because of inflation, but utter dollar and other fiat currency destruction and as a disaster hedge. Gold's not even close to its all-time inflation-adjusted high yet and that occured in much calmer days.

U.S. Emperor Hussein will step on the gas before the 2010 elections even worse than before, to create the appearance of "prosperity," in a frantic attempt to keep his party in power, but it might already be too late.

I'll hold on to my gold and silver, thanks.

Gold: The Last Carry Trade

Some say that the wholesale deleveraging/capital destruction going on now is actually decreasing the money supply, even as nations are flooding the world with new "money." This might explain some of the unusual things happening with asset/commodity prices.