Worlds economy

[terraj]

Don't say "new oil trading currency"....thats what got Saddam on the rope.

I'm getting cash heavy at the moment and would advise doing the same.

Gold going well but think its headed for $2000/ounce

["Maximus"]

Don't say "new oil trading currency"....thats what got Saddam on the rope.

I'm getting cash heavy at the moment and would advise doing the same.

Gold going well but think its headed for $2000/ounce

Lol.. Are you serious? You're telling me that the Gold "bubble" is going to last... Good luck with that my friend; just make sure you make sound investment choices

[terraj]

Lol.. Are you serious? You're telling me that the Gold "bubble" is going to last... Good luck with that my friend; just make sure you make sound investment choices

Yes.

Speculation has pushed it far and fast......but I say it is not close to peaking yet.

You understand that gold is the heart global commerce?

You stated " terminal death spiral".....thats a bit over the top IMO, but if this is so.....you can't argue the gold is on a bubble.

["Maximus"]

Yes.

Speculation has pushed it far and fast......but I say it is not close to peaking yet.

You understand that gold is the heart global commerce?

You stated " terminal death spiral".....thats a bit over the top IMO, but if this is so.....you can't argue the gold is on a bubble.

Look at it this way, "gold" USED to be the heart of the global commerce until the rank and file of the Federal Reserve --yes, those big shots running the show behind Washington and thus, the WORLD affairs-- changed the monetary system..

Do a quick read about this on Britannica or Wikipedia under "Gold Standard" or "Depression and World War II (1932–46)"..

If you haven't being following what's going on with our deficit ratio vs. other nations [China anyone?], you really need to open up your eyes brother.. Things are about to get really ugly over this end of the pond unfortunately.. seriously!

[terraj]

Look at it this way, "gold" USED to be the heart of the global commerce until the rank and file of the Federal Reserve --yes, those big shots running the show behind Washington and thus, the WORLD affairs-- changed the monetary system..

Do a quick read about this on Britannica or Wikipedia under "Gold Standard" or "Depression and World War II (1932–46)"..

If you haven't being following what's going on with our deficit ratio vs. other nations [China anyone?], you really need to open up your eyes brother.. Things are about to get really ugly over this end of the pond unfortunately.. seriously!

I got to say, your posts come across as somewhat condescending. We are talking about our personal perspective and analysis of the markets...simply we differ.

I am well aware of the hole that the US is in and I don't see an easy out, but, I don't see you guys imploding any time soon. I do see the USD and the Euro getting weaker and gold heading to 2000.

So far you have said- US in death spiral and Gold is in a bubble and will not go to 2000??...... a weaker US means gold goes up, that would be the general consensus.

[terraj]

Lol.. Are you serious? You're telling me that the Gold "bubble" is going to last... Good luck with that my friend; just make sure you make sound investment choices

over 1700 now

[optionsdude]

terraj be careful about getting fully out of equities. If they do away with the dollar your cash will not be owrth much. If you own a stake in a company not necessarily common shares you are a little safer. I am increasing my positions in MLP's and different energy trusts. These pay good dividends and if the price goes down the yield goes up. I also don't think that the powers that be will let markets fall too far or let the dollar collapse. I think that this was done to unwind some of the commodities. I also own a lot of coins mostly silver and some really old pennies (1800's). Too bad I can't demand an ounce of silver for all of my silver certificates, I have a pile of those too. The one thing I would recommend to all is to start learning how to hunt,fish, and grow a garden. At least you can trade your food to some sucker who has no survival instincts for gold.