I hear gold investments are being advertised on the TV in the US as frequently as American Cars and Skin care products.
Thats a sign if ever I heard one that the Dollar will be heading north and gold in the other direction. Wada ya reckon Skol?
You've got it, I was living in Los Angeles for a while in 1982, when the gold price took off. All of a sudden there's endless ads on TV selling gold and precious metals.
Gold did not exceed the 1982 price until 2006.
George Soros doubled his investment in the world's largest gold fund – just weeks before claiming investing in the precious metal is now the "ultimate bubble".
do as I say not as I do.........LOL
He has been quoted as saying that when he sees a bubble, he buys into it.
23 Mar 2010 10:48NZPA
Shares in NZ Refining Co gained a further 6c in early trading to reach a two-month high of 396, as they climbed away from 325 in early March, their lowest level since mid-2005. more... NZ dollar lower as euro, Australian dollar weakens
USD I think that would be by far one of the worst investments long term
Investors often seek safety from financial market turbulence in US government bonds since they offer virtually no risk of default and, unlike cash or gold, provide a yield. At the same time, sovereign debt default concerns outside the US, e.g., Iceland, Dubai, and Greece, have been linked to short-term rallies in the US dollar and have diverted attention from the fiscal challenges facing the US. However, since seven US states are in worse financial condition than Greece, Ireland, Portugal or Spain, shelter may prove hard to find. With a $3.83 trillion budget, a $12.3 trillion federal government debt, a $1.35 trillion 2010 budget deficit and $63 trillion in unfunded liabilities, the fiscal condition of the US has come into question and foreign interest in US Treasuries has declined. In late March, it was reported that the 10-year US Treasury Note yield had risen 30 basis points and that foreign holders of 10-year Notes were selling in record numbers.
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
Better make sure you've got exposure to $US all right. It won't be long before lines start heading in the opposite direction.
Reckon not Skol. I try and avoid buying things that are worthless even if their price is going up. I will leave Forex to others. Ive had a crack at it on paper only and didnt do all that well
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Originally Posted by STRAT
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