iyamwutiam

Gold Price Chart

I think this is profit taking for the short run. The massive spending of the US government amongst other countries can not be denied. The 'safety' of treasuries/etc must be fortified as a perception. But I don't it will hold. When there is a looming hole of 13 trillion dollars and an upcomingdeficit of an additional 1.5 trillion coming (current account)- there will be a lot of investors piling into gold -down the road.
There is a limit as to how much hogwash 'people' can swallow. I seriously doubt that the borrowing your way out of debt path will be welcomed. Once more as the panic subsides -gold will slowly and surely uptick.

The End of Gold, Part Two

Speaking of US worker losing his job. How about this -jobcuts my ass
news.yahoo.com/s/ap/20...

The End of Gold, Part Two

I think this more researched article will help people reaize the 'deflation' bogeyman -is just the usual 'excuse' to created to replace well paid American workers with foreign labor in plants built -waiting in the wigs for such a 'crisis'. This has happened with regularity over the last two decades -since the Reagan era/NAFTA etc. First Mexico now Asia.

The article is here:
www.itulip.com/forums/...

I am skeptical that we ALWAYS hear of massive layoffs as a reflexive move by these corporations who have been slowly divesting themselves of employer responsibility. As a business person -perhaps I may have to cut my profit margin, reduce my salry-but to drastically reduce my payroll and contniue to pay myself well- is not good practice in the long term -especially if I wish to build a business.