aucu, on Monday, November 23rd, 2009, 9:21 AM, said:
Gold can be a good place to put a part of your portfolio but I would only recommend 5-10% of your assets but even though it is still going up you have missed most of the up side and buying now would be high risk. Unless you believe that the US$ is going off a cliff.
Today gold hit a new all time high of $1173http://www.financial...html?id=2255945
The dollar ... she ain't gonna be what she used to be. Everyone but the Chinese wants the dollar to be about 28 cents. Believe it or not, although you have much more connection to the industry of gold than I do, because I'm watching the politics of money, I think gold is still a bargain. http://www.businessm...ll-devalue.html
More serious, though, is the risk of future substantial dollar depreciation. The US government is printing more dollars that are “worth” less. Why would the US government devalue the dollar? To more easily pay off its $20-trillion public debt in exactly the same way our butcher paid off his debt with smaller chickens.http://www.forbes.co...oapbox_inl.html
Here it is. Stand back. World currencies should be devalued overnighthttp://www.goldline....on-is-here.html
I still contend that we are headed for a massive dollar devaluation, regardless of the means--whether it is planned and accomplished by central banks, or by the markets reacting to huge government money printing that force the devaluation....http://www.dailyreck...lar/2009/03/27/
In my view, this latest development of the Federal Reserve monetizing debt is inflationary and confirmation that the Federal Reserve wants to debase the U.S. dollarhttp://www.currencyc...lue090404095854
Can the IMF force the dollar to devalue?Theoretically this question should be a very easy one to answer. The IMF is the police officer, charged with policing economies around the world. So in theory, yes the IMF can force the United States government to devalue the dollar but since the IMF actually has a large share of the voting rights allocated to the US, then it would effectively mean that the rest of the world practically, would have to gang up on the US, to make this happen.Welcome to New America.
Somewhere Jimmy Carter is smiling because he knows that he is no longer the worst President of the modern era