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Gold quietly goes above $1900 again
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<p>[QUOTE="fatima, post: 1260625, member: 22143"]I don't think this is an issue now because they are all buying gold these days, not selling it. In fact, it's coming out where the the countries paying for these bailouts want the gold that belongs to the countries that are getting bailed out. </p><p><br /></p><p>Old advice, "Don't pay attention to what they say, Instead watch what they do." </p><p><br /></p><p>If anyone watches these countries at the soverign level, as well as other major countries in the world, it's becoming apparent they are all moving towards shoring up their gold reserves. Their actions say they all feel the USD's days as a reserve currency are numbered and whatever is to come that replaces it, will have a significant component in gold. IMO, they are all watching China because China is clearly doing everything it can to have physical gold moved into that country. </p><p><br /></p><p>So if these countries, who hold USD reserves, are coveting gold, why shouldn't you? Are these countries bying silver? NO. Are these countries buying stocks? NO. </p><p><br /></p><p>-----------</p><p><br /></p><p>It's not that gold is getting more expensive. It's not. It's really the paper confetti with the dead presidents printed on it are becoming more worthless. Gold is the only true measure of it's worth.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1260625, member: 22143"]I don't think this is an issue now because they are all buying gold these days, not selling it. In fact, it's coming out where the the countries paying for these bailouts want the gold that belongs to the countries that are getting bailed out. Old advice, "Don't pay attention to what they say, Instead watch what they do." If anyone watches these countries at the soverign level, as well as other major countries in the world, it's becoming apparent they are all moving towards shoring up their gold reserves. Their actions say they all feel the USD's days as a reserve currency are numbered and whatever is to come that replaces it, will have a significant component in gold. IMO, they are all watching China because China is clearly doing everything it can to have physical gold moved into that country. So if these countries, who hold USD reserves, are coveting gold, why shouldn't you? Are these countries bying silver? NO. Are these countries buying stocks? NO. ----------- It's not that gold is getting more expensive. It's not. It's really the paper confetti with the dead presidents printed on it are becoming more worthless. Gold is the only true measure of it's worth.[/QUOTE]
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Gold quietly goes above $1900 again
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