Another Day Of Dollar Index And Gold Both Rising...

Hockinzig:

Most people hear what they want to hear and disregard the rest! (Simon & Garfunkel).

I believe the evidence is conclusive that paper assets of all kinds are on their way to repudiation. I also believe that inflation is on its' way for the US in a big way. (though not the size and scope of Zimbabwe), because the dollar is still the international exchange currency.

However,the world is not coming to an end, (unless an asteroid the size of Texas appears in the sky), on a trajectory to hit the earth.

Those of us, with a little gray in their hair sense these things - where those who are younger, and born to a more amoral world - see nothing unusual about a Socialist US president, an immoral and corrupt banking system, and a political system that is essentially for sale to the highest bidder (lobbyists).

In the end, we will get the leaders we deserve, and the outcome we have earned.

The key is education of the young. Most don't have a clue. Try (as I have), asking someone under 30 to name any four of the first original 10 Bill of Rihts. Ninety percent of those under 30 cannot do it! Even of those over 30 - only about 50% can manage the task.

The truth is: the freedoms fought for long ago, and instilled into our Constitution and Bill of Rights will not survive long - in a population so complacent and ignorant of their birthrights. (watch any of the Mark Dice videos on youtube and be amazed...)

I have actually given away (over the past 15 years), more than a dozen copies of "The Creature From Jekyll Island", by G. Edward Griffin. Only two people - even read the book. The answers as to why Financial markets struggle, why Greece cannot be put together again, why confidence in the dollar and the US debt is eroding, etc... are all tied to the international system of fiat currency. And they are all explained thoroughly in that book. (but 600 pages is TOO LONG...)

All around the world, fiat currency is doomed to fail. (Though it may take another decade of thrashing, and writhing to arrive at that denouement.)

We will not disappear off the face of the Earth, we will not starve (at least not many in the developed countries), but much suffering IS coming!

And that is why, I (and I suspect you and many others), stack gold, silver - and also a good supply of food stuffs and other supplies we use repeatedly. Things of all kinds get much more expensive in 2012 and beyond.

I know that with you at least - I am speaking to the choir. Those not in the choir, can now go back to watching the WWF, the Kardashians, & Jersey Shore!

Best,

LastGold

"In the end, we will get the leaders we deserve, and the outcome we have earned."

Whaddya mean?
We have the best leaders money can buy!

;)

I can envision gold prices surging upwards when inflation begins to heat up but personally feel that unless worldwide manufacturing activity experiences a significant uptick, silver prices might not keep pace %wise with gold prices.

Because of its economical cost structure and chemical/electrical similarities to gold, silver utilization is more closely tied to manufacturing activity which at present seems to be declining or stable at best.

imho,
mdpmedia

I don't know about the dollar, but gold has dropped around $45 $52 $60 so far today. If it makes it below $1600 again, I might just have to buy myself another gold coin...

"WWF, the Kardashians, & Jersey Shore!"

"trivia"

I noticed the real smart folk on Jeopardy miss questions often in the above category's, but not this guy! As it is all about being WELL ROUNDED. I have been red hot lately, so I am thinking about trying out for the show, he he he lol....

Last night final Jeopardy was history, I had to laugh an bet a zillion here on the couch....

A stamp recently released is the 150th anniversary of this....

I was like "Fort Sumter, pleaaaase." ,lol!

The girlfriend was like "How did you know that?", and I replied that I do have 26 episodes of civil war journals saved in the DVR, lol....

Of course, I have solved one puzzle maybe two in about 30 plus years of wheel of fortune, funny how the brain works, or not....

I can remember who started a war a thousand years ago, but can't solve a word puzzle with only two boxes left unopened, rof....

Yep. But you know what they say. "An idiot and his gold are soon parted!".

Seriously, though... good job on buying in when you did.

In time, all this flailing around will cease and the markets will stabilize. When that time comes, it is likely that gold and silver will be higher than they are today. We are still in a long term PM bull market, regardless of the daily or weekly price moves.

There is lots of support for gold prices in and around the $1500 area, about $100 below current levels, and there is really no support before $1550. So, most likely we will see $1550 and possibly $1500 before gold decides to stabilize.

After that, it is anyone's guess whether gold will drop more in the short term or not. Regardless, in the long term there is no reason that I can see for it to remain under $2000.

And I saw another article last night, about how Big BEN is warning the government, if we don't immediately address these problems, we may be in another recession by the new year....

Is it me, or is this JACK-WAGON spewing verbal diarrhea out of his pie hole, while laughing out the other side of his mouth, as HE HAS ALWAYS KNOWN, he or any group in power can't fix this mess, which all got set in motion back in and around 1971 by Nixon....

I don't know which of those two idiots I would like to take off the proverbial Bug's Bunny white glove, and fill up with a brick just before the ol forehand backhand treatment across their faces until the brick turns into a pile of dust. Probably would be Nixon, as he is the real blame for this, as everything is this world has a beginning and ending point, and from I have learned here from many a wise poster, seems like he started this entire quagmire when he signed the death certificate to the American dollar....