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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (25893)	11/30/2007 3:26:05 PM
From: carranza2	Read Replies (1) \| Respond to of 217620

So, why would Russia or China choose to buy gold in the open market to add to their reserves? I don't know. Get rid of depreciating dollars perhaps. It seems that as a country goes up the development scale, it adds bullion to its reserves. The dollar is of course not going to depreciate to zero anytime soon, but there is near certainty that liquidity will increase in the short term, which seems likely to lead to a lower dollar. It might be prudent to exchange those dollars for gold. This is terribly complex stuff, and I have no idea what will happen. In fact, my calls, all of which were sensible at the time, have been way, way off. The financials index, which by all accounts should be tanking, has recovered somewhat thanks to the Abu Dhabians and Paulson's signal that there will be some sort of rescue plan for debtors whose ARMs will be re-setting soon. Despite the fact that the financials have been pressured tremendously and for good reason, these two events have lifted them from the floor. Logical? No, not really. But the markets smell b-a-i-l-o-u-t-s by Sovereign Wealth Funds buying stuff on the cheap and propping up balance sheets, as well Uncle Sam opening up his wallet, so it senses that maybe, just maybe, things will be OK, and it goes on a tear, other substantial problems notwithstanding. I have watched markets since the early 1980s. I still think I am a fresh faced novice.

To: KyrosL who wrote (25893)	12/1/2007 3:11:37 AM
From: TobagoJack	Respond to of 217620

during times leading into direness, for all of 6000 years, gold has proven time and again, to be salvation we do not need to know why it works only that it worked everytime 3,2,1 ... start game we are entering the time portal to travel, randomly backward and forward, allowed one piece of luggage, and decide now, what do we put in the bag? i suppose if going backward, a really powerful and modern weapon might be wise, but forward, obviously gold, at least some, as muchh as we can conveniently carry as to why states buy gold? they do, and they steal it, rob folks of it, beg for it, confiscate it do not need to know why, just that they do, is all the knowledge we need