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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (5329)1/23/2009 1:43:32 AM
From: sandintoes  Read Replies (1) | Respond to of 103300
 
That should keep two cars running for quite a while.



To: GROUND ZERO™ who wrote (5329)1/23/2009 9:06:26 AM
From: DuckTapeSunroof  Read Replies (1) | Respond to of 103300
 
Re: "watch what happens with gold when the dollar finally collapses under the weight of all this printing."

Question with the dollar is, if it falls, WHAT does it fall against?

There are only two reserve currencies in the world today: the Dollar and the Euro. (Yen and Yuan don't have the necessary heft yet...)

The economic fundamentals could argue that the ollar 'should be' weak... but against WHAT? (If the Euro is weaker still....)

Gold, unfortunately, does not pay interest... in fact, it costs to store. (But you know this....)

Re: " I bought crude oil today after the 11 am crude inventory report...."

Goldman analyst just came out predicting a 'sudden and sharp' move upward for oil by the end of the year.