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

To: elmatador who wrote (50346)	5/23/2009 6:51:34 AM
From: TobagoJack	1 Recommendation Respond to of 217555

<<giving the impression that gold is going up>> ... my understanding is that gold IS predictably going very nicely up to keep appointment with its destiny on the day of revelation 1999 Dec 31st USD 288/oz 2000 Dec 29th USD 274/oz -6% 2001 Dec 31st USD 279/oz +3% 2002 Dec 31st USD 348/oz +25% 2003 Dec 31st USD 416/oz +20% 2004 Dec 31st USD 438/oz +5% 2005 Dec 30th USD 519/oz +18% 2006 Dec 29th USD 638/oz +24% 2007 Dec 31st USD 833/oz +31% 2008 Dec 31st USD 889/oz +7% 2009 Dec 31st ? +/- ?%

To: elmatador who wrote (50346)	5/23/2009 2:24:20 PM
From: RJA_	Respond to of 217555

>>debasing the currency in which Gold is priced, prompts sellers to ask for more of that currency for a given a mount of Gold, thus giving the impression that gold is going up. 1. I have had the impression that gold has been going up since approx 2002... must be just me and the charts. 2. If you are unfortunate enough to live in the land of the USD, what ever continues to protect purchasing power is worth while. 3. From what I read, ALL central banks are printing (quantitative easing), including the Swiss NB. There are some currencies that are better bets than others (commodity based)... but all have their pros and cons and all are worth only what you can buy with them for the moment. In other words -- they are all transaction based, rather than true stores of value. 4. If your point is that gold makes a good frame of reference for all fiat currencies, that appears true... along with oil and other storable and fungible commodities. However, gold and silver have histories as monetary assets... and much easier to store and much more convenient as means of payment... JMHO as I am one of many looking to protect my assets from the storm as we have structural changes in the international monetary system, coming soon.