Home › Forums › Financial Markets/Economics › The writing is on the wall!
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Djshakes.
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January 25, 2009 at 8:50 AM #335915January 25, 2009 at 8:50 AM #335392
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ParticipantDuplicate…
January 25, 2009 at 8:50 AM #335719ParticipantDuplicate…
January 25, 2009 at 8:50 AM #335806ParticipantDuplicate…
January 25, 2009 at 8:50 AM #335834ParticipantDuplicate…
January 25, 2009 at 8:50 AM #335920ParticipantDuplicate…
January 25, 2009 at 9:41 AM #335436jficquette
Participant[quote=peterb]Gold and the US$ did well today….who’d a thunk it?! I think this is fear speaking to the market. Stocks are hurting and the US$ and gold rising. The market is starting to treat gold like honest money and the US$ as at least as good as the other fiats, if not better. Govt policies are going to ZIRP on fiat currencies. These guys are scared and this is their answer to solve the problem. Make money almost free to the banks. Only one problem, the banks are insolvent. Perhaps if the govts’ get crazy enough, they’ll destabilize their currencies? It’s a possibility that favours gold.[/quote]
If we turn to Gold it won’t be freely traded. It will be a set exchange rate as before.
That mean anyone buying Gold at $1k a ounce is going to get hosed when they set up the exchange rate at $300-$400 an oz. The last time it was used it was set at $35 an oz.
John
January 25, 2009 at 9:41 AM #335764Participant[quote=peterb]Gold and the US$ did well today….who’d a thunk it?! I think this is fear speaking to the market. Stocks are hurting and the US$ and gold rising. The market is starting to treat gold like honest money and the US$ as at least as good as the other fiats, if not better. Govt policies are going to ZIRP on fiat currencies. These guys are scared and this is their answer to solve the problem. Make money almost free to the banks. Only one problem, the banks are insolvent. Perhaps if the govts’ get crazy enough, they’ll destabilize their currencies? It’s a possibility that favours gold.[/quote]
If we turn to Gold it won’t be freely traded. It will be a set exchange rate as before.
That mean anyone buying Gold at $1k a ounce is going to get hosed when they set up the exchange rate at $300-$400 an oz. The last time it was used it was set at $35 an oz.
John
January 25, 2009 at 9:41 AM #335851Participant[quote=peterb]Gold and the US$ did well today….who’d a thunk it?! I think this is fear speaking to the market. Stocks are hurting and the US$ and gold rising. The market is starting to treat gold like honest money and the US$ as at least as good as the other fiats, if not better. Govt policies are going to ZIRP on fiat currencies. These guys are scared and this is their answer to solve the problem. Make money almost free to the banks. Only one problem, the banks are insolvent. Perhaps if the govts’ get crazy enough, they’ll destabilize their currencies? It’s a possibility that favours gold.[/quote]
If we turn to Gold it won’t be freely traded. It will be a set exchange rate as before.
That mean anyone buying Gold at $1k a ounce is going to get hosed when they set up the exchange rate at $300-$400 an oz. The last time it was used it was set at $35 an oz.
John
January 25, 2009 at 9:41 AM #335879Participant[quote=peterb]Gold and the US$ did well today….who’d a thunk it?! I think this is fear speaking to the market. Stocks are hurting and the US$ and gold rising. The market is starting to treat gold like honest money and the US$ as at least as good as the other fiats, if not better. Govt policies are going to ZIRP on fiat currencies. These guys are scared and this is their answer to solve the problem. Make money almost free to the banks. Only one problem, the banks are insolvent. Perhaps if the govts’ get crazy enough, they’ll destabilize their currencies? It’s a possibility that favours gold.[/quote]
If we turn to Gold it won’t be freely traded. It will be a set exchange rate as before.
That mean anyone buying Gold at $1k a ounce is going to get hosed when they set up the exchange rate at $300-$400 an oz. The last time it was used it was set at $35 an oz.
John
January 25, 2009 at 9:41 AM #335965Participant[quote=peterb]Gold and the US$ did well today….who’d a thunk it?! I think this is fear speaking to the market. Stocks are hurting and the US$ and gold rising. The market is starting to treat gold like honest money and the US$ as at least as good as the other fiats, if not better. Govt policies are going to ZIRP on fiat currencies. These guys are scared and this is their answer to solve the problem. Make money almost free to the banks. Only one problem, the banks are insolvent. Perhaps if the govts’ get crazy enough, they’ll destabilize their currencies? It’s a possibility that favours gold.[/quote]
If we turn to Gold it won’t be freely traded. It will be a set exchange rate as before.
That mean anyone buying Gold at $1k a ounce is going to get hosed when they set up the exchange rate at $300-$400 an oz. The last time it was used it was set at $35 an oz.
John
January 25, 2009 at 9:55 AM #3354514plexowner
Participantjohn, if you read anything besides anonymous real estate blogs you would realize that gold is far more likely to be re-valued upwards
the US gold is held on the Fed’s books at a value of $42/oz – for them to balance their current books against all the worthless paper they have taken on, all they would have to do is revalue gold at $6000/oz and the books are balanced
you are also being intentionally deceptive (or maybe just uninformed) – gold was revalued from $20/oz to $35/oz – that’s over 60% INCREASE in price
human beings have been choosing gold for at least 5000 years and are currently doing so in spades – that is why gold is at or near all time highs in most currencies
January 25, 2009 at 9:55 AM #335779Participantjohn, if you read anything besides anonymous real estate blogs you would realize that gold is far more likely to be re-valued upwards
the US gold is held on the Fed’s books at a value of $42/oz – for them to balance their current books against all the worthless paper they have taken on, all they would have to do is revalue gold at $6000/oz and the books are balanced
you are also being intentionally deceptive (or maybe just uninformed) – gold was revalued from $20/oz to $35/oz – that’s over 60% INCREASE in price
human beings have been choosing gold for at least 5000 years and are currently doing so in spades – that is why gold is at or near all time highs in most currencies
January 25, 2009 at 9:55 AM #335866Participantjohn, if you read anything besides anonymous real estate blogs you would realize that gold is far more likely to be re-valued upwards
the US gold is held on the Fed’s books at a value of $42/oz – for them to balance their current books against all the worthless paper they have taken on, all they would have to do is revalue gold at $6000/oz and the books are balanced
you are also being intentionally deceptive (or maybe just uninformed) – gold was revalued from $20/oz to $35/oz – that’s over 60% INCREASE in price
human beings have been choosing gold for at least 5000 years and are currently doing so in spades – that is why gold is at or near all time highs in most currencies
January 25, 2009 at 9:55 AM #335894Participantjohn, if you read anything besides anonymous real estate blogs you would realize that gold is far more likely to be re-valued upwards
the US gold is held on the Fed’s books at a value of $42/oz – for them to balance their current books against all the worthless paper they have taken on, all they would have to do is revalue gold at $6000/oz and the books are balanced
you are also being intentionally deceptive (or maybe just uninformed) – gold was revalued from $20/oz to $35/oz – that’s over 60% INCREASE in price
human beings have been choosing gold for at least 5000 years and are currently doing so in spades – that is why gold is at or near all time highs in most currencies
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