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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (91329)	12/8/2008 11:06:28 PM
From: John McCarthy	Read Replies (1) \| Respond to of 116555

Hi Koan I was thinking it would be a direct sale i.e IMF to Central Banks ... with some pre-arranged non-market price ..... iow - its just moving the gold from 1 warehouse (IMF) to another warehouse (CB's - who gave it to them in the 1st place) with the net effect that nothing really changes except the price ..... With respect to China - on Bloomberg they were talking to a Copper guy who said in effect - the people THEY read (would not identify) think the best China can do this year is 0% - 4% ..... their government is about to throw 1/4 of their foreign reserves at internal spending - so sumptin' is afooot ... note:I still got all my gold stocks so its not like I am rootin -g- for this -g- regards John

To: koan who wrote (91329)	1/2/2009 10:40:24 AM
From: TimF	1 Recommendation Read Replies (1) \| Respond to of 116555

The deflationary depression is still deepening big time and people worldwide are squirrling gold away. No one knows what all this liquidity creating will do to any particular currency. No one can predict what will happen. Gold is safe. If we are facing a deflationary depression, then gold isn't so safe. With deflation, the price should go down. If I had the spare funds I might be interested in gold (esp. if it really does get dumped and the price goes down like that article suggests), but that's because I think we will not face a real depression, but I'm concerned about a recession (possibly a rather severe one), followed in a few years by inflation (perhaps stagflation) from all the dollars the fed and the treasury are dumping in to the economy to try to deal with the recession.