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<p>[QUOTE=&quot;RabidRick, post: 1988601, member: 37868&quot;]The Great Depression showed the gold standard doesn&#039;t work. That was here and Britian and elsewhere. I don&#039;t think it would work in China either; they have a lot of people.</p><p><br /></p><p>They are also considering economic stimulus, last I heard.</p><p><br /></p><p>And yes, the treasury buys notes and bonds -- that&#039;s how it works.</p><p><br /></p><p>The bond market still exists.</p><p><br /></p><p>I thought China and India were <i>dumping</i> gold last I read?</p><p><br /></p><p>They have their own problems, we have a debt crisis sure, but who cares?</p><p><br /></p><p>China has a housing bubble, we have the student loan bubble and I don&#039;t care because I own none of it. I&#039;m surprised we haven&#039;t seen inflation yet but the way they calculate that, it might be a bit skewed. Things like TUITION COSTS have certainly gone up along with my morning coffee. I&#039;m watching the DOW go up (inflation or not) and if people see that as a better investment, all the demagogues will pull out of the ETF&#039;s. Great! I&#039;ll buy gold if I see a bubble burst, then wait for the debt crisis to hit, see what sentiment is next and mybe profit from it.</p><p><br /></p><p>Gold usually follows stocks but I don&#039;t think it is impossible for that to deviate.</p><p><br /></p><p>As long as the DOW goes up, people will want to invest in stocks. I don&#039;t care what the cause may be. Busts and booms are normal. I don&#039;t think we needed to mess with it.[/QUOTE]</p><p><br /></p>

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