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Better not to because you'll get dizzy just counting the digits. Enough dollars to stretch to Pluto and back, I read.

I think a better question is: If the economics taught in school are correct, why is it that all but very few economists are completely wrong so often? I had econ in school and have a degree in bus/econ, but to be honest what I've seen in the real world bears little relation to anything...

Did I not just say that? "If you buy the panic spikes, you will get creamed unless there is a complete collapse of the dollar."

Not a rec for what others should do, since I have no business making recs, but I believe gold will hold its value. It has thus far if you can just hang in there and accumulate your position on panic selloffs. If you buy the panic spikes, you will get creamed unless there is a complete collapse...

http://www.forbes.com/feeds/ap/2008/10/30/ap5627671.html "In her House committee testimony, she proposed a plan in which workers would get a $600 tax refund but must set aside 5 percent of their pay into a retirement account managed by the Social Security Administration. The money would be...

I think the naked shorts covered last week, so expect no default in Dec. So the paper price really was a scam. I think today's action says the naked shorts are now less willing to risk it again. 1. Gold output is dropping. Mines are shutting down because the coproduct revenues can't...

Why don't they buy a small bank and pony up to a Fed tit like everyone else?

The Dems are talking about taking away 401k's and forcing savings to Fed govt Not much difference

$300 billion in bad assets + $20 billion cash, and WE get suckered for it. What a world!

Its just a rumor. My guess is a lot will take delivery, but no default, and the next expiration, supplies will be a lot tighter.

Within a week, anybody with 1/2 a brain will be buying a bank to get on the Fed's tit.

The only thing I don't think will be cheaper a month from now is gold itself. Therefore I would say that the prevention of the beginning of deflation has failed.

The text had to have already been written beforehand because they only met for 6 hours. Guessing they then went thru it section by section "tweaking" for acceptable language and meanings. The biggest thing it says is that they all agreed to pump in fiscal and monetary stimulus while trying...

The replies on the prior page, although not to my comment, demonstrate some of the reasons why China needs do nothing and we'd still hang ourselves financially. On the one hand we have those who were supposed to be conservative who spoon fed the masses dependency on cheap goods and oil from...

I think rather than "push" us, they'll just sell us enough rope to hang ourselves economically with. By that I mean that we are dependent on them now for many manufactured goods, and dependent on them to lend us more and more money to support our idiotic spending on wars, stimulus, pork, and...

Sounds like: Everyone try to reflate while we try to lock down the off balance sheet disasters. All at once fiscal and monetary stimulus. No mention made of the "imbalances" or how they are to be addressed. Sort of like almost ignoring the Gorilla in the corner. I guess it needs to...

I wonder if it gets to where China wants some of the US gold hoard to write off some of our debt?

"Gold is money, and nothing else is." - J. Pierpont Morgan Steel or lead or zinc or cotton are commodities

Every dollar not thrown under a mattress has to come back somehow. As the size of the deficit grows, the government might need to pay higher rates to convince the money to be put into US bonds, but I think the deficit and debt have to get pretty high before the rest of the world literally...

When a dam breaks, it usually starts with some cracks, that become leaks, the leaks get bigger and bigger, and then it all falls apart. There was an article saying the Saudi's had bought $3.5 to $3.7 billion of gold (about 140 tons) in the past couple weeks...