[taxtruth]

The US dollar is losing its value all over the world and gold is really coming on strong.Somehow our government isn't really telling folks the facts.Use common sense with your investments.Realestate and gold are as safe as it gets.

[EVO X]

The US dollar is losing its value all over the world and gold is really coming on strong.Somehow our government isn't really telling folks the facts.Use common sense with your investments.Realestate and gold are as safe as it gets.

I was watching NBR tonight. The guest was a total bear. He didn't like anything other than oil stocks and some defense industry stocks. His last comments were "Cash is King"

[DarkWaters]

Realestate will not be a good spot for most. Most of the debt runup by everyone has either been through the use of the credit card or refinancing of their mortgagees or pulling out more equity out of their homes(2nd mortgage). Just this week the 3 top banks have pulled back on their lending practices to the sharpest decline in over 30 years. To top things off, the average consumer is spending about 109% of what they earn. Banks carry about $7.8 trillion worth of mortgagees on their balance sheet. Given this info, it is only a matter of time before the debt implosion takes place since the only thing keeping this economy going is debt spending. Sooner or later people will say enough is enough, then it will begin to hit.

All of this will take time however, and even this depends on what happens over seas. If foreign investors get to nervous and start to pull out because the dollar drops too low or worries over a debt spending hit home, then what? Who will cover the debt after the pull out? It will get ugly to say the least. Then there is the matter of the derivatives market held by the banks(about $50 Trillion, real exposer may only be 5-10 trillion but that still is a lot of money).

If this had the possibility to blow up on your watch(current gov.), would you simply let it happen or fight it(which will only make things worse)? Either case, it is a no win situation for them so they will simply fight it.

[Soren]

People have been saying for 2 years that it will be all over when the dollar falls. We saw some significant downward movement in the US$ this week. Gold pushing up. Naz grinding lower. My gut tells me we are close to a break.

billy_bob_bob: If you believe we are at the beginning of a major gold bull, I'd buy now. There is no guarantee there will be a dip.

[staytrue]

there is no safe haven if the dollar goes. Inflation will be imported and interest rates will go up which kills the economy, stock market, real estate and gold. This is why no one in govt. is allowed to argue for a weaker dollar, even though the current account deficit demands it.