posted on 12/01/2012 8:01:44 PM PST
posted on 12/01/2012 8:02:23 PM PST
( The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
Gold has been tracking the stock market for a while now. When the market goes up, gold goes up. When the market goes down, it goes down.
When the market crashes, gold's going with it.
posted on 12/01/2012 8:12:52 PM PST
by E. Pluribus Unum
(Labor unions are the Communist Party of the USA.)
In the late 70s, hard to believe, the US was still a creditor nation. Now our debt is at a world record. The only things keeping the dollar up are the other crappy currencies and depressed economic growth.
posted on 12/01/2012 9:17:07 PM PST
(Democrats delenda est; zero sera dans l'enfer bientot)
I don't know if this is passing the IQ test, but it seems to me that when the dollar is weak, gold is strong and when the dollar is strong, gold is more uncertain and weaker.
It would be interesting to see the history of gold prices before and after Nixon's "colossal error" of taking the dollar off the gold standard.
posted on 12/02/2012 5:54:22 AM PST
Rukeyser missed the point as usual.
Gold bugs don't think gold is an investment at all. It's an inflation hedge. If Bernanke announced today that all quantitative easing will end and the dollar supply held steady, gold would sink like a stone. Or, perhaps more accurately, the dollar would rise.
posted on 12/02/2012 9:18:54 AM PST
(Workers and consumers are, of course, identical.)
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