does anyone else here think that gold will go way down...

GX,

Anyone with a huge amount of gold, say as much as there is in one futures contract, would probably store the gold in one of the Comex warehouses. Storage and insurance aren't very much in that case. And the holder would most likely be using basis trading techniques to earn a guaranteed return on their gold holdings that usually equals and is sometimes much higher than the bank rate of interest. In that case, gold blows the dollar away as an inflation hedge.

When you use terms like "ignorants," "absolute nonsense," "if you still have trouble understanding," and "case closed," it isn't polite. It also damages your credibility when you don't know the ins and outs of the gold business.

 

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Inflation adjustments are not legit. The most important thing you can do with money is purchase computing power and that has gone down in price.

 

The day I have faith in the my currency will be the day I have faith in my government officials~~elected, appointed, or hired. Not by a long shot.

There was a wonderful quote in the weekend Opinions sections that said that because Obama was so young, after he served as President he was going to become the Director of the IRS, since he is so good at finding Tax Evaders.

Jim

 

I'm really not too impressed with your language... In fact I'm a little put off... (Reason I keep my thoughts to myself, on the subject) And I'm a mechanic that can turn the air blue in a millisecond... But you are a bit condescending.... I really do not appreciate that...