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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: ecrire who wrote (23046)	12/7/2010 5:11:52 PM
From: patron_anejo_por_favor	2 Recommendations Read Replies (1) \| Respond to of 29622

If Europe blows up, a lot of Europeans will be buying gold. A whole lot....<NG>

To: ecrire who wrote (23046)	12/7/2010 7:34:34 PM
From: GST	8 Recommendations Read Replies (1) \| Respond to of 29622

<it creates competition for investment funds at some point> Oh -- and at what point would that be? At what point would investors be so well compensated for holding a worthless currency that they would consider tiny little interest rate hikes as adequate compensation for holding something that has dropped even the pretense of acting as a store of value? Has it occurred to you that interest rates are going up precisely BECAUSE the dollar is damaged goods with a bleak future? Higher rates means nothing in terms of the attractiveness of gold as an alternative to the dollar. Has it occurred to you that rising rates signal the end for the dollar -- the beginning of a bold new leg up for gold -- and the overall shattering of the global paper currency system? Where are rates highest right now? You guessed it -- the bankrupt half-dead economies of Europe -- do you think higher rates there a sign of currency strength? or weakness?