Gold Barron

Why We Have to Keep China Happy

We dont need to keep China happy. We need to stop spending so much money! What a mess!

Global Markets in Review: Pros and Cons of a Pullback

Jasper, I agree with you to a degree about the IMF and their 3500 tons of gold. They apparently plant to sell about 400 tons I guess. I guess some people look at the IMF selling their gold as bearish, I however see that as very bullish.

Why you may ask? Well, in order to sell their gold they need a buyer. And I am sure some Asian or Middle Eatern country that has cash will snatch that gold right up in a heartbeat. The IMF is basically just a financial arm of the US government. Now, if the IMF tries to sell their 400 tons and can't find any buyers, well then I might consider gold to be a risky investment....but we all know China is probably just chomping at the bit for opportunities to purchase gold without driving the prices of gold higher and more importantly weaking the dollar further. The IMF gold sell would mask their intentions somewhat.

And I hope when and if they do sell, the price of gold falls to $300 an ounce. Then, I will trade every dollar I have for gold if and when the price falls.

Global Markets in Review: Pros and Cons of a Pullback

It is becoming more and more apparent to me that gold is the best investment in this economic environment. There is virtually little to no downside risk. My portfolio is currently 17% gold and silver. I am going to up that percentage to 30%.

The USA is in deep deep trouble and sadly most Americans are completely clueless. That sad reality should start setting in in about 6-9 months.