Monday, Mar 05, 2007
The DJ has been falling for years
Gold Price: The Dow Priced in Gold
Good graph of DJs priced in gold
Central banks are stealing our money from under our noses
Posted by sold 2 rent 1 @ 01:21 PM (154 views) Add Comment
10 Comments
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1. lvmreader said...
Great Post!
2. sold 2 rent 1 said...
lvmreader,
Bob posts gold/silver comments about 4 times a week.
His accuracy isn't bad when it comes to price movements (in both directions)
3. inbreda said...
s2r1 - thanks for the post.
It does worry me though - I STRed years ago, and although thinking about it at the time, I missed the boat on Gold (thus far). It worries me that the money I hold is already devalued (although it's not visible yet), and assets such as property have realised that the money machines have been printing away. If inflation is more inevitable than a HPC I'm worried I may be doomed. Something has got to give to correct this situation, I'm just not so sure what it will be any more.
4. harold said...
Okay, but where does the 'money' stolen by banks like the Fed go?
5. inflation is eating my savings said...
Looks like a bubble in gold.
There seem to be several dealers in the yellow stuff posting on this site.........
6. dohousescrashinthewoods said...
I noticed that GLD (a gold ETF) has fallen back to where it was in late January. With all the turmoil, I expected to see it rise?
7. Randomkevlar said...
does anyone actually have a gold account with the Gold Money company, is it really a safe to swap some of my investments into gold? sorry but I've never looked at gold as a investment but am starting to think that my spare money after filling my ISA type things up could go into gold...advice pleeeeease
8. monty said...
dohousescrashinthewoods
To summarise a previous posting, gold ETFs have not shot up (yet?) because...
1. They were already heavily bought/speculated on
2. Traders are liquidating gold ETFs to cover margin calls
3. Bonds are considered a safer haven
9. mrmickey said...
Are we headed for deflation everything seems to be going down in price as if all the funny money created over the years is being sucked out of the system.
10. dohousescrashinthewoods said...
Thanks, Monty.