The Dollar is Under Attack!

[Seeker]

Gold is now 1060/Oz.(intraday high).

Happy news for those of us who bought at 750, 850, and 950 as much as we could (I was laughed at back then by some for pointing out the obvious about interest rates below 1% for this long).

That is NOT a 'rise in value' of gold. It is the obvious. Gold doesn't change.


Of course the stock market is up. I hear the zimbabwe stock market is worth several quadrillion Zim dollars. Nominal values are meaningless.

You should now be all buying silver (not gold until it dips again).

I certainly hope the current policy continues. My $2000 Troy ounce may not be able to buy much more than a 800 dollar ounce could've in 1979, but at least I'll have preserved my wealth a heck of a lot better than some fool putting their money in a savings account or fixed income and trusting in the good graces of Bernanke & Co.

[Zkribbler]

That is NOT a 'rise in value' of gold. It is the obvious. Gold doesn't change.

Of course it does. It becomes more valued in times of crisis or undercertainty. It becomes less valued in times of calm and optimism.

Here's a link to http://goldprice.org/gold-price-per-gram.html the changes of gold prices today. Notice an almost identical pattern for everything from the Chinese yuan to the Turkish lira.

[MOBIUS]

Gold is now 1060/Oz.(intraday high).

Happy news for those of us who bought at 750, 850, and 950 as much as we could (I was laughed at back then by some for pointing out the obvious about interest rates below 1% for this long).

That is NOT a 'rise in value' of gold. It is the obvious. Gold doesn't change.


Of course the stock market is up. I hear the zimbabwe stock market is worth several quadrillion Zim dollars. Nominal values are meaningless.

You should now be all buying silver (not gold until it dips again).

I certainly hope the current policy continues. My $2000 Troy ounce may not be able to buy much more than a 800 dollar ounce could've in 1979, but at least I'll have preserved my wealth a heck of a lot better than some fool putting their money in a savings account or fixed income and trusting in the good graces of Bernanke & Co.

Yes, I too distinctly remember saying 'buy gold' last year...

Of course, the shares I bought are doing far better than my gold, but then one should diversify one's portfolio...

[David Floyd]

The US needs to put a property requirement clause into the Constitution with regards to who is able to vote. Yep, I wouldn't be able to vote, but I'm OK with that because neither would most of the idiots who elected Obama.

[KrazyHorse]

That is NOT a 'rise in value' of gold. It is the obvious. Gold doesn't change.

[MRT144]

That is NOT a 'rise in value' of gold. It is the obvious. Gold doesn't change.

I know you're trying to hold back here, but please, don't. I want to see you let him have it.

[KrazyHorse]

Why me? Anybody with even a rudimentary understanding of economics could do it.

[KrazyHorse]

I mean, it's pretty obvious that he has no ****ing clue what the **** he's talking about when IN THE VERY SAME POST that he claims "gold doesn't change" he puts in some **** about buying silver instead of gold, presumably because he thinks that the relative prices of gold and silver will change.

How the **** can you argue with somebody so ****ing clueless?

[MRT144]

Why me? Anybody with even a rudimentary understanding of economics could do it.

Because you let the **** words fly better than the rest of us.

[Theben]

Obama is a Baby Boomer.

Obama was born in '61, which makes him a GenXer. Sorry.

[KrazyHorse]

Obama was born in '61, which makes him a GenXer. Sorry.

at 1961 being GenX

[Drake Tungsten]

Try again, Theban. The baby boom was from 1945 to 1964.

[notyoueither]

Did the UN pass a resolution?