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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: TobagoJack who wrote (81290)	4/29/2007 9:47:36 AM
From: Lizzie Tudor	Read Replies (2) of 110194

.. perhaps you can explain why gold went from USD 250 to 680, and make sure the explanation stands to reason when gold hits 1,000 and then 10,000 Yeah- in the 90s the former eastern bloc was dumping their huge stockpiles of gold on the market which means it was artificially depressed. Now that is over- plus, there are still some holdouts like you who think gold has value. Those people bid it up as an inflation hedge when the dollar crashed due to Bush overspending and damage. To be perfectly honest though, with Bush as president pretty much ANY non liquid asset is a good play, just as damage control. Granite, coal, clay you name it is worth more with Bush as president than before. Not the huge rise that gold got but then, the russian government wasn't dumping clay in the 90s. Why do you prefer gold to real estate? Both are inflation hedges. At least real estate is limited depending on where you buy it. Gold just isn't worth anything unless we go back to the gold standard. Its not limited like real estate, it has no uses in industry that require a meaningful volume, nothing. Doesn't mean it can't go up, lots of things can.

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