Originally posted by Zoltan
Originally posted by cpdaman
GOLD IS GOING UP this appears to be a LOCK! . BETTER BUY IT IN JEWELRY, so they can't take it, if the civil unrest reaches a boiling point
[edit on 2-1-2008 by cpdaman]
You are joking, right?
For one thing, gold, as a commodity (which is what you are probably referring to with the 'going up' phrase), is NOT a "lock".
Secondly, please don't even THINK about buying gold jewelry as an investment. If you have to hold gold, get buillion. Don't think that any gold
jewelry will re-sell at the going futures price of gold on the COMEX because it won't. It'll be bought back as scrap-gold at a fraction of the price
you'd buy it today.
actually i was...............NOT
look at the dollar index chart. the dollar is not going to have a meaningful bounce i.e it is not going back above 80 or 79 for that matter.
most likely it will slowly fall back down into the low 70's. combined with risk premiums rising , more people will opt to hold onto real money or
real tangible assets i.e not paper certificates. gold in $ should approach 1000 by year end. sure you want to buy on a dip but it shouldn't dip
below 775 unless there is some kind of deflationary collapse, where by everything would lose price nominally (gold included) before rising back up as
people rush into "real money".
there is a serious risk for a severe recession and our banking system is being sold to foreigners (S.W.F's) because they are practically insolvent
and need capital! also if people couldn't tell the neo-cons mine as well be called the NEO fascists. and we have at least one running among dem and
republicans (i.e H.C and R.G)
the structure of our economy is being modeled toward fascism , these public-private partnerships are laying the ground work for a more
corporate/politican governing roles. as well as an erosion of the middle class.
gold was confiscated once before, and while i'm not saying this is LIKELY, civil unrest in this country may get bad toward the end of the year and
well imagine getting your's confiscated...ugly, do not think that having valuable 22k -24k gold jewelry or ornaments is a bad investment, alot of
quality pieces w/ very high gold content will have good resale value i.e (85%). not the 14 or 18k "crap"
of course investing in FOREX mkts in areas with growing economy's and/or undervalued currency's is also a decent idea, and that would point you
toward ASIA and the YUAN as well as the YEN.
i think later this year many investors will also do well if they still have job security because the potential is real for a consumer slow down to
lead to job losses and then this cycle could get ugly. the reality is that our economy is based on available credit/debt , and we are a service
economy now , we should figure out soon enough how this "set up" was not going to be a endless honeymoon.
p.s one reason for rising food prices is global demand for goods is rising faster than supply , also thanks to monsanto wiping out small farmers,
not to mention speculators driving up the prices of commodities such as soy, corn, wheat (also ethanol used for alt. energy) is driving up prices for
food's w/ corn as an ingredient.
stocks should not "crash" IMO in 2008 and they will probably fart around the 12,000 level, intrest rates going down to 3% should help support them
in a otherwise unfavorable earnings enviornment and the bond market looks ugly as well.
* what does one get when they combine a weakening currency, falling home values, a worsening credit crunch, and a predominantly service economy =
well if they are not sharp, they will be lulled into complaceny thanks to the lag time , if they are sharp they won't be shocked by the lower
standard of living that is coming for the majority*
[edit on 4-1-2008 by cpdaman]
I would include a couple of resources though. 
