ETF vs. Mutual Fund: Two Ways to Invest in Gold Miners [View article]
A strong USD is not in the best interests of the US Economy.
The International US companies cannot compete with Nations whose companies are not saddled with health liabilities inherent in the salaries of US Company employees. To obviate the differential, the USD Must Drop.
Risk Aversion promoted the USD as a "safe" haven. It isn't but perception and "Reserve" currency status is enough at this point.
If the "house of cards" collapses, I would feel safer with the Central fund of Canada(CEF). While it is primarily a silver play ( 50 to 1 ratio), it is a depository of physical Gold and Silver outside of the US.
I do not trust the US monetary authorities to allow Gold ownership if the USD proceeds down to my ultimate target of 40.
Caveat, the 40 target is 3-5 years into the future, USD is moving UP presently.
ETF vs. Mutual Fund: Two Ways to Invest in Gold Miners [View article]
Goldfinger AKA Geithner gave us a preview of what will happen in the future if he is approved.
Gold went up but little else changed.
The next time around when he IS the Sec. of the Treasury, it will be far, far worse.
The next time, expect the USD to tank, the Stock Market to out do the 1987 crash and Gold to really skyrocket.
I would not advise holding physical Gold in the USA as it will probably be illegal to own it privately. Whether it gets down to the Jewelry and Coin level is moot.
Geithner's idiocy can be applied across the entire currency spectrum. China is front and center now, a political toy. But what happens if the USD cannot compete against the Euro in the future?
Smart Money Prepares for Potential Inflationary Spiral with Gold [View article]
All transactions will be electronic. Your assets will be electronic. A supercomputer will "give to all according to their needs".
Precious Metals Are Bullish on Pullback [View article]
Sam's offers these too, self heating elements if you want to splurge.
but thanks for the thought.
Precious Metals Are Bullish on Pullback [View article]
Backloading the Stimulus package looks really smart, doesn't it?
Gold: The Investment Bedrock of Monetary Systems [View article]
ETF vs. Mutual Fund: Two Ways to Invest in Gold Miners [View article]
The International US companies cannot compete with Nations whose companies are not saddled with health liabilities inherent in the salaries of US Company employees. To obviate the differential, the USD Must Drop.
Risk Aversion promoted the USD as a "safe" haven. It isn't but perception and "Reserve" currency status is enough at this point.
If the "house of cards" collapses, I would feel safer with the Central fund of Canada(CEF). While it is primarily a silver play ( 50 to 1 ratio), it is a depository of physical Gold and Silver outside of the US.
I do not trust the US monetary authorities to allow Gold ownership if the USD proceeds down to my ultimate target of 40.
Caveat, the 40 target is 3-5 years into the future, USD is moving UP presently.
ETF vs. Mutual Fund: Two Ways to Invest in Gold Miners [View article]
Gold went up but little else changed.
The next time around when he IS the Sec. of the Treasury, it will be far, far worse.
The next time, expect the USD to tank, the Stock Market to out do the 1987 crash and Gold to really skyrocket.
I would not advise holding physical Gold in the USA as it will probably be illegal to own it privately. Whether it gets down to the Jewelry and Coin level is moot.
Geithner's idiocy can be applied across the entire currency spectrum. China is front and center now, a political toy. But what happens if the USD cannot compete against the Euro in the future?