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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 422.21+1.9%Jan 12 4:00 PM EST
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To: carranza2 who wrote (76753)7/24/2011 4:02:36 AM
From: TobagoJack  Read Replies (2) of 219282
 
nyt is wrong about shades of 1980s, because in the 1980s the sovereign governments across the oecd-scape were not going bk


... about the pic of ny fed's gold loot (loot because they resulted from confiscation by the government from the people) in the article, i figure

(i) the vault must be only one brick deep, else how do they audit?
(ii) they do not audit?
(iii) what % of gold is leased out?
(iv) what happens when the gold is actually needed and to be counted?

nyt is correct that gold is under valued relative to its 1981 peak.
our questions must be, "will gold breach the old high? and once the old high is breached at 2,516, would a new trend of still higher prices happen?

and there is "[font=georgia, 'times new roman', times, serif]Mr. Bell says. “The big question is whether the government and the Federal Reserve will be able to get the economy under control without a return to gold.”"[/font]
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