RED ALERT: FX Dislocation In Process, page 6
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reply posted on 16-2-2009 @ 10:22 PM by nj2day
Originally posted by redhatty
reply to post by Power_Semi


Took gold a little while then it started to go up too.

Be careful trading on that though, because when folks implode, the sell off their gold stores and the price drops hard


I second that! lol Gold is too high right now... The time for buying gold was before it went over 800/oz...

I just don't see gold being all that reliable for gains the next few months...

IMHO, if you were going to invest... wait until the market bottoms out completely...

then pick up major stocks for pennies... and wait for them to return to true-value...

I'd avoid metals... everyone who's been worried lately has already fled there, and the bottom could drop out at a moments notice..



reply posted on 16-2-2009 @ 10:23 PM by redhatty
reply to post by lightinthedark33


One other scenario, you know that run on the money markets that happened last year - almost caused the global implosion?

It could happen again


reply posted on 16-2-2009 @ 10:25 PM by ProfEmeritus
reply to post by Power_Semi




Look at Gold:

A 13 point jump is not at all unusual, given the volatility in all of the markets the last 3-4 months. It could just as easily go down 20 points in the next day or so. I wouldn't panic over that right now. None of the big players are looking at long term buys or sells, they're just playing the waves day to day, hour to hour, minute to minute. Until a real picture emerges, the small investor should just sit by. Otherwise, you'll get swamped by the wakes of the big ships.


reply posted on 16-2-2009 @ 10:25 PM by tjeffersonsghost
Originally posted by TaZCoN
Originally posted by David9176
reply to post by tjeffersonsghost


WHY did I have to click on this thread...why damnit?


My eyes look like this right now.


Because you, like probably most of us here...

Selected the Red pill.

Peace Be With Us All... red pill or not.






Enjoy


reply posted on 16-2-2009 @ 10:26 PM by redhatty
reply to post by nj2day


metals are a good investment for TEOTWAWKI, but only if you can physically hold it, ya know?

Trading gold on paper is a little too ballsy a game for me. My stones aint that big if ya know what I mean.

But I have gold eagles and krugerrands, silver eagles too


reply posted on 16-2-2009 @ 10:27 PM by HunkaHunka
reply to post by nj2day


Here is the thing though... the only way to rectify the disparity between our (the US) collective debt and our GDP is hyper-inflation.... so Gold HAS to go high to reflect the inflation.


reply posted on 16-2-2009 @ 10:28 PM by lightinthedark33
Originally posted by nj2day
Originally posted by lightinthedark33
Originally posted by AceOfAces
So...Does this mean inflation?

Economics isn't my best subject but this doesn't sound good at all...for anyone.

What does this mean for the U.S.?


From what i'm gathering it means something really really bad happened in Europe or Asia. Someone has purchased a sh$% ton of USD. What will happen here is 1 of 2 things either the markets open tomorrow and people panic and we take a slight dive or nothing happens, it's a normally day but when whoever bought all the USD decides to cash in we are f'd. Am i correct here or completly wrong?


100% correct lol

The strong dollar might even artificially inflate our market if the people who bought them decide to hang on for a bit...

but the day they decide to sell, we're hosed.




So for them to purchase that much USD they had to know something was about to really go down on the foreign markets. When they pulled all their $ from where it was at, it started a chain reaction and panic.

Something tells me we are going to have some more countries pissed at us in the a.m. . This seems more liek a calculated move and not just a country or nation making a large purchase. Perhaps this was even a attack of economic terrorism. That would hit us the hardest right now.

Or perhaps our goverment some how had a hand in this that would really tick everyone else off.

Either way if that buyer sells we are screwed.

edited to add on to post

[edit on 16-2-2009 by lightinthedark33]


reply posted on 16-2-2009 @ 10:29 PM by Power_Semi
Originally posted by nj2day
Originally posted by redhatty
reply to post by Power_Semi


Took gold a little while then it started to go up too.

Be careful trading on that though, because when folks implode, the sell off their gold stores and the price drops hard


I second that! lol Gold is too high right now... The time for buying gold was before it went over 800/oz...

I just don't see gold being all that reliable for gains the next few months...

IMHO, if you were going to invest... wait until the market bottoms out completely...

then pick up major stocks for pennies... and wait for them to return to true-value...

I'd avoid metals... everyone who's been worried lately has already fled there, and the bottom could drop out at a moments notice..




I don't think it's quite that simple. If you think fiat is dead then gold or silver is a good bet. I have seen the value of my gold increase in GBP by around 40% even though it's dollar value is around the same price now as when I bought it.

The problem is that major countries are effectively bankrupt & as such the currency is set for a major kicking.

I'm prepared to bet that gold is going to go significantly higher than it is now, whether you value it in Dollars, GBP, or anything else.

Picking up stocks for pennies sounds good in principle, but the economy is so out of whack that a good number of companies are going to fail, and if we get the inflation thats likely from rampant printing then you'll be needing more than pennies to buy anything.
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