Next Level: GOLD $1,350.00

Gold drops below

Gold drops like a hot potato, sell sell sell!!!

 

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Interesting meanderings!! The price of gold has been undervalued for a very long time but even seasoned collectors are surprised by the constant move upward. Yeah buddy!!

Stay away naysayers there just ain't no room for y'all next to this campfire! This is the campfire of gold and were gonna sit tight till Xmas when the price gets so hot naysayers are gonna get flies in their mouths for keeping their jaws dropped for so long! Long live the upward movement of gold!! :secret:

 

I am curious Morgan, do you accept that we are in an economic war with China ( or another) for world economic relevance or are we all playing nice together for the global betterment of mankind?

 

http://numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=8390

 

Are you excluding the possibility that there might be something between economic war and playing nice?

 

No I am not. I realized that I unintentionally gave him two choices when I all really was curious about was whether he thought we were in an economic war.

But your question does beg the question "What is in between economic war and playing nice?" Co-opetition? I think it would be perfectly reasonable to expect that China, India, Europe would like to be the economic leader of the world and we want to keep it. Isn't that "a" definition of economic war?

 

No economic war..China needs to export their goods at a competitive price and U.S. consumers are an important customer. That's one reason the yuan (or renminbi) is pegged to the dollar. Even if the dollar goes down, the chinese currency remains about the same and as a result so do their export prices.

China will have likely have big political problems if its economy does not grow at a brisk pace. This year in China there have been a lot more demonstrations by unemployed Chinese. Chinese authorities do not want this civil unrest. They need our consumers to keep the factories humming.

On the other hand, the U.S. needs other countries to buy the large supply of T-bills that are currently financing our stimulus programs.

And yes, the G-20 is a consortium of the 20 most important countries that meet from time to time to find common solutions for the healing of the global economy. The realization is that negative economic conditions in one country can have negative consequences for other nations. So, in effect we all are "playing nice" to keep the world economic engine going. I prefer this type of detente to saber rattling, protective tariffs and other counter-productive policies that can occur when countries feel threatened.

And, as a side note, what country is the world's largest exporter? Not just once, but numerous times. I think the answer will surprise many.

 

just keep buying gold coins. that's it.

 

Well, if you look at how capitalism works in our country, it's pretty much a controlled economic war among corporations. In software, you have Microsoft as a very dominant player, but you have other smaller players like Apple, Adobe et al who can compete due to innovation. So while you may have an acknowledged leader in a particular category, I don't think anyone would suggest that any one company will end up with all of the business.

This is a primary reason why I think the idea of a dominant world economic leader is unattainable and likely undesirable. There would be little incentive to innovate and improve. Stagnation would result.

 

Should they be served with mustard or ketchup?

 

gold is not trading at $1,109.30 per ounce. near the all time record high at $1,112.10 an ounce.

 

I just don't see any reason that it will come back down for a long long time.
I just vision it going higher and higher, with some rather large leaps at times.

 

Yeah you got my vote!!

 

That's gorgeous. I prefer it in the proof, but either are gorgeous!
Lova that Platinum proof as well!

 

The ABG Proof is probably my favorite, but this still another one of my favorites!

 

Gold is at an all time high. $1,115.80. I do not know why I made this post just kind of felt like it. On the semi serious side, does it seem most of the price gains in gold are coming from the overseas market.

 

G o l d -- a l l -- t i m e -- r e c o r d -- h i g h - - - $1,118.20 per ounce.

 

New high again - $1,119.10 per ounce.

 

Everyone wants to be the leader in whatever they do in business. That isn't economic warfare. Economic warfare is taking actions deliberately aimed at damaging a competitor or trading partner when there is no commercial benefit from doing so. I don't see that happening. Regarding China, India, and Europe, nobody stays on top forever. That's just a normal part of life.

 

Gold at $1116.60 currently.....I can't believe my eyes!!!

It's like, every morning I wake up is Christmas!!!