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

To: re3 who wrote (23787)	10/23/2009 6:28:05 AM
From: Real Man	1 Recommendation Respond to of 71408

Lots of folks are quite scared of a sudden rise of the dollar, so they purchased tons of calls on the currency, apparently. That would mean DOWN. -g- Yes, some buy gold, including me. However, GLD does hold mostly bullion, not the futures. There is a lot of disgust around GLD in the buggy community, as these folks tend not to trust anyone, which is correct - gold is the ultimate financial disaster insurance. As such, it loses part of its insurance appeal and picks up additional risk when someone else holds it. Most of investment demand still comes from the ETFs, not bar hoarders. I have to say, it you want to sell a gold bar or gold coins, it's more of a nuisance than just selling GLD. <g>