FoxV

You Can Get on the Gold Train and Ride the Dollar

And add to that, the US mint just suspend Gold Eagle sales. (won't provide a link because every time I do, by post gets yanked)

So first Silver, now Gold Eagles. hmm, raises many questions doesn't it. But I'll side step those and just mention, we now have crashing prices coinciding with shortages.

This is what is known as a "Back up the truck" signal. Don't wait too long to bottom feed. The snap back from this dollar foolishness is going to be astounding.

You Can Get on the Gold Train and Ride the Dollar

Shorting gold two weeks before the time it traditionally rises (some times a lot) Nice timing. Find a dollar positive play if you wish, but betting on gold going down in September is pure folly.

All this talk of technicals, but no mention of why the USD has spiked (in a completely unnatural manner) recently. The ECB just went out and bought a wackload of USD. Why, Currency manipulation to give a cover for more interest rate cuts.

There are is so much bad paper out there, bank write downs are heading into the multi trillions (and this is without considering the derivatives fiasco). The Fed funds rate is going to 0%. Bernanke is going to throw the USD under the bus.

So ride the US Dollar at your own peril.

The World's Revenge

"The usual political partisanship, 98% criticism-2% solution. And the 2% is buy gold,;not exactly a big revelation!."

well here's an idea to expand on that 2% there's another piece of investment advice which is more shunned these days than "Buy Gold" and is a good hedge for inflation and political uncertainty and that's investing in efficiency. Or in even broader terms, "Anything you can buy now that will save you money later"

Obvious examples:
Hot water blanket
Attic Insulation
Energy star appliance (if replacing a very inefficient model)
Yada yada yada...

Not so Obvious examples
Bicycle (or Transit pass for those with long commutes)
Gourmet cooking class (for those that eat out a lot)
Home Nail polishing kit
Whatever...

Not only do some investment in "efficiencies" have ridiculously high returns (up to 100's%/year), but because they also mean you spend less on future price increases, they automatically have TRUE inflation protection baked into them (not just the joke reported in CPI reports)

anyways, a bit off topic, but I thought worth mentioning.

The World's Revenge

"Hey Fitz, I looked and cannot find FoxV's comments concerning SDS...."

just noticed that as well. Maybe they were deleted because I was insulting to Extreme sportists, or perhaps to high margin daytraders, or maybe both. In anycase I'll sum up.

Ultra funds:
- VERY VERY volatile, not for the faint at heart
- In USD so will depreciate with the USD
- If S&P goes up from inflation, Ultra funds (lose price + lose value) X 2
-use leverage and derivatives so have "Counter party" risk (Big concern in my book)

best investments for our current times is commodities and foreign countries with good economies.

Good Luck all