Rate Cut = Gold Up

  • Thread starter Thread starter RPCanadian
  • Start date Start date
Pretty amazing how bad things are and how easy it is to find out. Just look at the price of gold and how it's on an amazing upswing. It seems the central banks have either stopped selling gold, which they always used to do to keep its price artificially low, or they've lost the ability to have any effect on the gold price, or they've just stopped caring. In any case, darn I wish I had some gold.
 
Gold up = value of $ down

It just means you are treading water, keeping up with inflation

If you bought maybe five years ago you have outpaced inflation and have made money, but if you bought within past year, nope
 
aksmith said:
Pretty amazing how bad things are and how easy it is to find out. Just look at the price of gold and how it's on an amazing upswing. It seems the central banks have either stopped selling gold, which they always used to do to keep its price artificially low, or they've lost the ability to have any effect on the gold price, or they've just stopped caring. In any case, darn I wish I had some gold.
Click to expand...

Gold is availible from the big commercial banks in Canada but there are waiting lists at some of the private dealers in my area. A really great investment are the Canadian Maple Leaf coins (http://www.mint.ca/royalcanadianmin...nmint/productsandservices/bullion/default.htm) they are the purest in the world, made with 99.999% Canadian gold and are legal tender up here.
 
TheAmistad said:
Are you saying the dollar that was in my wallet just magically depreciated? :mad:
Click to expand...

Yep, and it doesn't look very well...

intraday.gif
 
1/2% fed cut brings the rate to 3%! If Helicopter Ben cuts rates another 3%, does that mean the fed will start paying people to borrow money? ;-)

Dollar (index) just hit its 2nd lowest point in 40 years! Gold surging, oil up. British pound up, Euro up and the Dow is down right now.

Shouldn't the Dow be pushed up by inflation the same way prices for gas, bread and everything else are?

No other candidate seems to ever talk about the Fed and inflation. Only Ron Paul. I think this is because of the lack of investment banks on his top contributors (by company) list.

Q3 data from www.opensecrets.org shows the other candidates owned by big banks. Can't wait to see what Q4 campaign data has to say.


Ron Paul - Fed Bank Needed?
http://www.youtube.com/watch?v=GLug9y3dNnA


Tribute to the Fed an data on campaign contributions from banking/investment industry:

http://www.youtube.com/watch?v=iD3_ptNEFQQ
 
text all your friends and family and let them know that any money they had in savings or in their pocket just lost some value today. little things like this will wake people up over time.
 
londontexas said:
Shouldn't the Dow be pushed up by inflation the same way prices for gas, bread and everything else are?
Click to expand...

It has.
Look at a 100 year Dow chart, or a 50 year.


:D

What happens when the value of ALL the dollars that the market represents decreases though?
Wouldn't you expect the investments themselves to decrease? See, they need prices to hurry up and increase, so their dollar profits increase. lol.
 
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