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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: JimisJim who wrote (186871)12/3/2014 4:27:57 PM
From: isopatch  Read Replies (1) | Respond to of 206326
 
Thanks for such a thoughtful reply, Jim. Going to reflect, a bit, on what you've said in the hope that will help me decide how best to respond.

Needless to say its a huge topic.

Iso



To: JimisJim who wrote (186871)12/3/2014 4:54:17 PM
From: Elroy Jetson  Read Replies (3) | Respond to of 206326
 
If you've been to Europe recently you know the US Dollar is still significantly undervalued to the Euro, even though at $1.23 it's down 10% from $1.35 last year.

It seems people have forgotten how much value the US Dollar lost when it collapsed in 2002. The value of the US Dollar is so far below where it was in the late 1990s, that it's painful to look at.

This is the first 20 year chart of that time period shown on Google images.




To: JimisJim who wrote (186871)12/3/2014 10:25:37 PM
From: Broken_Clock  Respond to of 206326
 
I have a few Japanese connections.

They've told me straight up in japan the younger generations believe this:

"Why buy real estate? It only goes down."

And it has been going down since their bubble burst over 20 years ago.

Witt the US economy essentially based on buying useless retail crap, a deflationary spiral here would get ugly really fast. Just look at the outlier towns across the country. A Walmart goes in Grand Junction and 20 Mom n Pop stores go out of business within 80 miles of GJ in a year. 5 years later and every town within 80 miles has seen it's business district boarded up.

The US economy is nothing if not very, very fragile.