Gtarras

Why Gold Enthusiasm Is 'Cool' Again

My conviction is that all of you guys who are betting on negative things to accelerate (seems to be majority on SA), are going against the FED.. Do you really need to fight this gorilla?? The US govt is not at all interested in economic conditions worsening, and will do whatever it takes. Most importantly, the rest of the world govts will comply and help. I am also convinced that the agencies (of course under pressure if needed), will do the right thing. Same with bankers. There is a lot of tongue-in-chick gaming going on, I am so sure of that after 15 years on the street.. Bet against it all you want. Complain here, write the smart articles. The US wont crash. There is no inflation now. It will pick up later, but the FED has tools to suck it out of the system. Anyway, i am swimming with the biggest shark of all.


On May 23 06:55 AM BiggisNikk wrote:

> Come on, Gtarras, You think this economy is as poised for an economic
> boom as we were right after WW2? And Japan, a creditor nation vs,
> our lame debtor's club? And just so you get a little learning on
> credit ratings, they are not relative-to ratings. It is possible
> that all the governments of the world could be downgraded. There
> is no "grading on a curve." As for inflation, try measuring it the
> way we used to before they started massaging the statistics at shadowstats.com.

Why Gold Enthusiasm Is 'Cool' Again

All of a sadden the US AAA rating is the hottest subject. Shows once again, that investors are sheep. Your rhetoric is unreal. So what that debt jumped to $11 trillion? It is still 86% of GDP. After WWII the ratio for the US was about 150%, and still AAA rating was there. BTW, Japan's today ratio of debt to GDP is 220%....

Apparently, the herd needs to hear from Bill Gross (who, as usual, is talking his book), to start screaming that AAA rating is about to get slashed... Really? Then WHO/WHAT deserves AAA rating? Germany? Assured Guarantee? And what is a "AAA" rating???

Also, inflation is real?? When???


On May 22 01:46 PM Mad Hedge Fund Trader wrote:

> It won't go away. I can’t think of a better reason to keep a core
> long term position in gold than the prospect of the US losing its
> triple “A” rating. The chatter about this yesterday took the barbaric
> relic up to a two month high of $958, a mere $50 from an all time
> high. Quite honestly, I never understood why the American rating
> has stayed this high for this long. If any other entity had increased
> their debt from $5 trillion to $11 trillion over the last eight years,
> then boosted it to $13 trillion over the last three months, their
> rating would have been slashed ages ago. Like to the level of Zimbabwe.
> Is it any surprise that gold demand soared by 38% in Q1, according
> to the World Gold Council? And now the Russian Central Bank is allowing
> other banks there to pledge gold as collateral. Keep your gold position
> so you don’t miss the inevitable gaps up, as well as miners, like
> Barrick Gold (seekingalpha.com/symbo...).