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Strategies & Market Trends : Ride the Tiger with CD

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To: Amark$p who wrote (132044)	9/29/2008 11:05:01 AM
From: Nevada9999	Read Replies (1) of 312289

Why not consider US dollars vs. US gold reserves. In 1934 there were 35 US dollars outstanding to one ounce of gold reserves. The last number I saw was several years ago and my recollection is that it was about 35,000 dollars per ounce of gold reserves. I suspect the ratio would now be more like 50,000 dollars per ounce of gold reserves. The US claims to have about 8,000 tonnes of gold reserves, or about 260 million ounces. Today the Fed passed out 225 billion dollars. I don't think this trend is very sustainable. We have a very serious banking and financial crisis. I don't think there are any historic examples of gold's value decreasing in this type of situation. The value of the US dollar in light of all this is based purely on confidence, or perhaps at this point, denial.

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