Enjoy your posts. Please note the following:
1) "Gold, historically, has always benefited not from immediate turmoil but from a wider and more profound sense of uncertainty. Today is no different from any other period of human history in that respect."
Suggest you review this article (pages 3 and 4)...
virtualmetals.co.uk
2) Agree:
Directly into the face of nuke's...the US Dollar has become THE flight to safety SAFE HAVEN
3) Agree:
Virtually the ENTIRE world is all on the SHORT-side of the US Dollar trade.
4) Disagree, there has been no derivative meltdown, growth rate in derivatives continues unabated:
"Everyone thought the derivatives meltdown would crush the US Dollar"
amarks.homestead.com
amarks.homestead.com
5) We will really be living in interesting times if and/or when there is no growth in derivatives... This will be the true test of the world's financial markets...
6) In regard to the gold market, do not forget that poor, rural Indians are the key players. The gold bugs often forget they rely on poor third world citizens who keep their bank accounts on their arms, necks, and fingers to support the gold price.
gold.org
Also, there was a good monsoon season this year in India which should be helpful:
investorshub.com
At present, I continue to monitor the gold market for a good entry point, likely a good trade will develop between late Oct and November.
However, one should always own physical gold as insurance, IMO. A derviative meltdown is certainly not out of the question within the next decade, and I predict that those poor Indians and other third world citizens that have their bank accounts around their arms, necks and fingers shall fare better than most... We shall see. |
