Re: thanks. why not post yourself sometime. good nite.
Paul,
I have nothing to add. I have a little money in gold stocks because the current state of the US stock market scares the hell out of me.
Here's a question that may have been answered before. I have trouble figuring out what's the biggest bubble; the US stock market, the US real estate prices, or the US currency?
If one of these bubbles bursts, won't gold rise in any case? Specifically, if the Dollar crashes? To the naive self, it seems gold is low in US dollars because the US dollar has been inflating so much compared to the rest of the world currencies. Should the Dollar "correct", gold would get a nice pop. I see any of the 3 bubbles crashing as leading to all 3 crashing, and I think it will happen. Things are getting too overvalued here compared to what the Dollar can buy in other places. Technology built this bubble, but technology is the great equalizer. It is now going to let everyone else catch up to us, thus leading to our currency being valued on an appropriate level, IMHO.
Maybe I'm naive about this, but it seems destined to happen...
chic |
