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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 396.28

-0.7%

4:00 PM EST

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To: ecrire who wrote (25985)	9/14/2011 11:06:13 AM
From: Nevada9999	13 Recommendations Read Replies (1) of 29622

Your rationale for buying dollars sounds more like short term parking than a safe haven. Currency markets are rapidly becoming more volatile with moves that used to take many months now occurring in days. The safe haven status of the dollar is based on psychology, not collateral. The widely held belief that US treasury bonds are a safe haven in a financial crisis reminds me of the once widely held belief that real estate never goes down in price other than locally, or, tech stock earnings don't matter it's all about future growth. Putting large amounts of money in treasuries may turn out similar to hiding under a tree in a lightning storm.

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