It doesnt look good Contrary to popular belief, our analysis shows that the greenback is about to start (or has already started) a sustainable rally. The government's efforts to re-inflate the U.S. monetary system should be outpaced by the amount of dollars destroyed by the continuation of the bear market. Here's why: The US dollar is by far the most inflated currency. It is also the most commonly used currency in the world. As such, most of the debt - and toxic assets - in the world is US dollar denominated. As those toxic assets continue to deflate, US denominated wealth will continue to shrink. The law of supply and demand teaches us that scarcity of any product results in higher prices. In other words, the fewer dollars in circulation the more valuable the remaining dollars will become. Not only are the amount of dollars in circulation already declining, the velocity of the remaining dollars is slowing as well. This means consumers tend to 'park' their dollars in savings account rather than spending. In summary, a strengthening dollar will push gold once again beneath $1,000/oz.http://finance.yahoo.com/news/1000oz-Gold-New-Reality-or-etfguide-475225903.html?x=0&.v=1
Simon Maierhofer, the author of the article, is a registered investment advisor -- a salesman. He is not an economist. Basically, he is guessing. He claims to have "analysis." I don't see any analysis. The rant is barely coherent. Basically, he thinks that if investment values go down, gold can't go up. Well, back in the 1970s, higher gold prices were accompanied by persistently low and declining asset values. Maybe he's a kid and wasn't around in the 70s. Yankee, you need to start finding better sources. You seem to be attracted to people who tell you what you want to hear.
you should ask is the gold go up to 2,000.00 or more?. no. if not. how can gold come down and crash?. during good market. gold lousy went up a little bit over $1,000.00. so during bad market. gold will down around $850.00 to $900.00 only. that is the time when most collectors want to buy it.
I'm mainly just trying to get Yankee to stop believing everything he reads and consider the source to be as or more important than the message.:secret:
