Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Killswitch who wrote (12345)	10/4/2008 8:33:11 PM
From: Box-By-The-Riviera™	1 Recommendation Respond to of 71479

usd is stable because everyone is short the amount of them they need at the moment. your premise is, i'm sorry, flawed.

To: Killswitch who wrote (12345)	10/4/2008 8:54:35 PM
From: Real Man	Read Replies (1) \| Respond to of 71479

You have fresh data? Sure it sagged in the beginning of the year, but right now reports seem to be different, and lease rates indicate acute shortage of the metal. Unlike commodities, precious metals normally do well during recession due to their moneyness. Gold and Silver markets are tiny. For example, Melinda Gates can purchase all the gold in GLD ETF with her pocket cash, while Buffett can sure buy 4 years worth of gold supply if he really wanted -g- While it ain't happening, you get the picture - if a massive investor move happens, it overshadows recessionary drag from Jewelry demand. And, usually such moves tend to happen in times of crisis. The fact that speculators sold 650 tonnes of gold in the futures in the past couple of months certainly had the most effect on the price of gold near term. Perhaps, these investors wanted some physical instead - I mean, the house changes the rules during the game. The margin requirements are raised all of a sudden, delivery limits are imposed, etc. Sec. bans stuff. You get the picture. Some investors may want off of the comex and onto the real stuff.