The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: TH who wrote (9111)	6/18/2008 12:52:29 PM
From: RockyBalboa	Read Replies (2) of 71405

TH, I begin to accept that this is a demand issue; as many others stated this is a cool season for gold as opposed to the winter holiday time. Secondly many who bought are underwater or barely up and will at least hesitate before buying more. If, on average everyone had a plan to allocate some wealth into gold this might have occurred already. What is more important particularly for emerging countries is that raw materials or food inflation begins to "crowd out gold and metal inflation". People might beginn to sell gold instead of buying in order to raise money for living. It is tough to have purchasing power stored in a noninterest bearing asset which begins to deprechiate and otherwise inflation is rampant. It wont change a dime for the long term outlook and gold could cost not 1k but 2 or 3k as others stated but for now those are trying times. For example Gold at $750 and I would buy some in earnest. I would want to see some rate hiking done first, particularly in Europe and Asia. What is hard to guess is whether gold supply relative to demand is shrinking or not, particularly if new mines start to produce.

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