Skip to comments.Expectations of a Dollar Devaluation Causing Gold To Break Out
Posted on 07/31/2009 8:56:46 AM PDT by h20skier66
Some sage gold watchers are expecting a major $ devaluation before the end of the year! Some say it could be any day now. Certainly the fundamentals have pointed that way, as we have discussed for some time now, this despite the repeated "Strong $ Policy" statement from this and the last Administration. The concept is no doubt alarming and implies a radical change in global economics.
(Excerpt) Read more at commoditynewscenter.com ...
I’d buy gold if I had any money.
I think I’d wait a while longer...
The US Dollar in our view will take a very hard devaluation hit but should survive.
Politicians will lash out more than ever at markets and their operatives to Do something which means do something even more stupid and make more problems.
Tax receipts are way-off not only in the US but across the world. Governments depend upon this mountain of cash to keep spending. Its going to get a lot worse as broken consumers and businesses will have no profits or gains to be taxed away.
As it becomes more obvious that US credit is relegated to junk territory (Its already there) our
government will be viewed as bankrupt and being without assets and power.
If I had any gold, that's exactly the response I'd like to hear. I think someone is trying to push the market.
The headline implies gold has broken out. Has it? Or is it a “forward-looking” headline, hoping to convince people to buy gold, which would make gold prices jump?
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