Terry: For your info & interest, in Canada, gold does not need to be registered with any Govt. office. However, we are subject to capital gains taxes (which hasn't been a problem unfortunately). I don't know the American situation, but it is always interesting to compare the two countries.
I agree that Asia is tying A.G.'s hands, and I get the impression that the Fed would like to raise rates to slow down inflated expectations, evident in the equities market, real estate, and soon income. Something has got to break either way soon. If the market doesn't crash, the US dollar stays strong, inflation is inevitable. However, a market crash could bring on the opposite effect.
Either scenario has consequences for the POG. I believe inflation, would have the greatest positive and immediate effect on gold, as inflation is a devaluation of money.
Phil |
