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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (132461)10/2/2008 12:27:57 PM
From: Taikun2 Recommendations  Read Replies (2) | Respond to of 313189
 
I think you might be right, that is being used to shore up bank reserves.

But there are other factors, for example if people (including foreigners and their CBs) *think* its inflationary or just believe in general that all this stimulus is debasing the dollar

And then there's the $2.6 trillion in bank deposits above the FDIC insurance cutoff that Roubini says is part of a silent run on the banks

rgemonitor.com

Some will also go into paper banknotes a la Prechter

But there's only $750 million in bank notes and printing $2.6bn takes months

What if a few percent of those go into PMs, physical and GLD?

2 percent into gold would be $50bn, 29,411 tons of gold

GLD currently 711 tons



To: Rocket Red who wrote (132461)10/2/2008 2:27:18 PM
From: Claude Cormier  Read Replies (3) | Respond to of 313189
 
You will find out that you are wrong.

The problem now is not to decide to accumulate gold and gold stocks, or not. The problem is to decides on which one to buy.


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