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Instead of making what would appear to be an absolutely silly forecast like that, why don't you back it up with some sort of reason for it to come true? So let me get this straight... You own gold now, plan to sell it over $950 or maybe $1000, soon, then you're going to short the crap out of...

Me thinks we try to sucker China/Asia for another $2 trillion of debt, and THEN announce trade barriers, etc. Otherwise, whatever stimulus we pump in pours right back out via the trade deficit, putting us right back to needing to borrow more from them for more stimulus. But if we do that...

Last year gold zoomed at New Years if I recall. Your guess is as good as mine as to whether we look back and see this as the first domino going down.

What is unbelievable is that the PRESIDENT of a CREDIT RATING AGENCY is the one that said it. If some lowly analyst were to say such a thing, he could just be fired or demoted, but when the President says it, there is no backtracking. No one DARED before... Heaven forbid that anyone in...

Yup, Britian's selling made the bottom. They dumped gold that thousands of British soldiers and sailors had died for in the past 500 years, and now are down to where what they have left is so old its not up to current purity standards. I think the Japanese credit rating agency questioning...

They are forecasting a 40 to 50% decline in the dollar as a result and are suggesting Japan should write off the debt.

Its as though someone finally noticed that the emperor has no clothes http://www.bloomberg.com/apps/news?p...4Lc&refer=home Japan Should Scrap U.S. Debt; Dollar May Plummet, Mikuni Says Email | Print | A A A By Stanley White and Shigeki Nozawa Dec. 24 (Bloomberg) -- Japan should...

I think the odds of a default on Dec gold are about nil. I also think the amount of metal available to deliver will keep declining as foreigners keep trading some of the excess US dollars we send them for metal and those with metal to sell balk at selling it. Will it have an effect...

25 cents? Use it to make yourself money if it works so well. I have no faith in other peoples indicators or systems.

Actually, under WTO rules they could impose an emergency 2 year temporary rule to protect American jobs. What's brought us to this pathetic end is the huge trade deficit and huge budget deficit. If we didn't need to borrow $2 or $3 billion more each day from the rest of the world, there...

Yes, the housing bubble played a big role, but the root cause for the crash was the cumulative effect of the trade deficit, getting us to where we were so deep in debt that when the SIV's and CDO's began to default when the housing bubble burst, the foreigners lending it to us realized that we...

So how much actual gold do you think they have remaining that isn't already leased out? The gold the Bank of England has left is so old it isn't pure enough to deliver. Russia's central bank doesn't allow any gold to leave the country. Spain is about out of gold by now. Germany refuses to...

Your logic is flawed. Look at history to find out the effects of things like wars on the value of paper currencies. When the soviets attacked Afgan it sent gold from $500 to $850 in a matter of days. Central banks are no longer willing to sell their gold for dollars. They have too many...

I'm not holding my breath how long that lasts...

Just read the other day that as countries devalued, they subsequently came out of the depths of the depression. Until the trade deficit is stopped, I don't think there is any chance because the big problem now is that we are up to our ears in debt, and borrowing more daily to finance its...

Why are you surprised? Its not being done by mistake or in error. If you go read history from the 1930's you'll find that the way countries got out of the depression was by devaluing their currencies. Therefore, I expected this, and I own gold. Let them devalue it till our trading...

If we'd ONLY borrowed "hundreds of billions", this wouldn't be so bad. $10 trillion is just an amazing amount of money to owe, soon to be $11 trillion. I fear there is no end to this madness of borrowing. I sure hope they don't have any expectation of being repaid. I sure don't see...

I misquoted it. They are shutting down all plants till AT LEAST Jan 19th. My guess is other automakers will follow in the next couple days. That means all supplier plants, too. And the suppliers to the suppliers will follow. Look for some amazingly ugly numbers...

Chrysler shutting down *ALL* plants till January 19th The Fed needs to do WHATEVER it can to restore confidence in the economy. Its a shame that people and companies have become dependent on credit instead of producing and saving.

Funny how people don't seem to understand that the REASON we use FIAT paper currency instead of gold is so that it can be devalued at will in order to reduce wages and benefits, and to devalue the mountains of debt without it being apparent that is the purpose. Its also much cheaper to produce...