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

To: TobagoJack who wrote (29480)	2/14/2008 8:08:29 PM
From: KyrosL	Read Replies (1) \| Respond to of 217557

I think gold will not do much better than the average commodity. Already people in India are turning in their trinkets for meltdown, even though its price is less than half its inflation adjusted peak, reached in 80. In my country of birth, Greece, gold used to be the investment of choice when i was in elementary school. The country had gone through non-stop wars and catastrophes during most of the first half of the twentieth century and people were shell shocked. Gold sovereigns was something you can hide and take with you in case of upheaval, which was probably right around the corner in everybody's mind. That kind of thinking started fading quickly, and gold was replaced by real estate and the stock market. Today, those clinging to their gold sovereigns are the big losers in the investment game, even with its current rise.

To: TobagoJack who wrote (29480)	2/14/2008 10:20:47 PM
From: carranza2	Read Replies (3) \| Respond to of 217557

I have quietly and mostly in private been preaching about the utterly obvious relationship between increased liquidity and the price of gold. Gold is a value hedge against paper money. The more paper money is put in circulation, the higher the price of gold will go. Simple as that. How many commodities cannot be consumed? How many commodities get stored in vaults? I'll say it again: keep track of the money supply. The price of gold will keep pace with the growth of the money supply because it is a hedge against the lessened value of each additional unit of currency pumped into the monetary system.