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I keep wondering who would be stupid enough to buy our treasuries despite the fact that the US is bankrupt and will never be able to repay our national debt, let alone the interest on it. Nevertheless, all of the treasury auctions reportedly go okay. A giant Ponzi scheme would sure explain a lot...

Maybe it's time for another one of those "Will gold reach 800 or 1500 first" threads.

I was tempted to get back in at that level due to the pullback on the daily chart. However, volume did not really increase as price started to rise and the commercial traders did not increase their buying according to the COT report. In retrospect, gold made a complex a-b-c retrace on the daily...

One hole that I see in their theory is that many countries are worse off than the US. As bad as our economy is, as much money as we have printed and as big as our debt is, when other countries like Greece teeter on the verge of bankruptcy, it causes the US dollar to go up. Sure, we are in bad...

You don't have to be a Wall St. banker to know that, despite some signs that we are experiencing a recovery, the economy is really a house of cards that may come crashing down soon. I have never owned a gun in my life until a couple of months ago. Hopefully, we will make it through the next...

Jim Rogers is long the US dollar only because of the current, extreme bearish sentiment. However, he is still long-term bullish on commodities, especially agricultural products and silver. He is not buying anymore gold at these prices, but is not selling what he has, either. He will buy more...

I think that there is a general public impression that Bernanke prevented another great depression and that the economy is now on it's way to recovery as evidenced by the stock market rally. Either Time magazine naively subscribes to that belief or they are bought and paid for by the financial...

When Dubai defaulted, the dollar rose and gold fell sharply. If more countries default, I wonder if the same thing will happen. Maybe that is why Rogers is buying dollars. It is hard to believe that our economy can be so bad, our debt unsustainable and our money supply exponentially increased...

That is the beauty of investing. If you think that fiat currency is more valuable than gold right now, you can hold paper. Some people think that gold is more valuable, including the Societe Generale: http://www.mineweb.com/mineweb/view/mineweb/en/page34?oid=94594&sn=Detail

I have a friend who is a military officer in the US embassy in Afghanistan. I have his business card with English on the front and Afghan on the back. He explained to me that the US paid for millions of dollars of irrigation equipment years ago so that the Afghans could grow food. However, they...

I hope that is not the same as peak oil. :eek:

Roubini makes some good points and he may be correct about gold going down. However, he may also be pissed that he missed the entire gold bull market: http://www.businessinsider.com/roubini-gold-has-topped-2009-6 Or, maybe, he is trying to drive the price of gold down so that he can buy...

The Senators are all smiles on the news. They are so happy and proud of themselves when they spend our money.

Thanks for your concern. I have been around the block a few times and have seen my share of scams, which makes me a very cautious investor. We are in an historic time with unprecedented financial perils and opportunities. I see a potential opportunity to buy quality single family homes in...

My sentiments exactly. Despite all of the deals, I think that real estate is going to get worse next year, setting up even better buying opportunities.

Convert your IRA to a Roth next year and open a self-directed IRA. Trade in your self-directed IRA without using margin (profits earned with margin are taxable) and grow your wealth tax free. Just earn enough money in your taxable account to pay your bills and contribute to your IRA every year...

Equity Trust does this. They are encouraging their clients to convert to a Roth in 2010. Again, make sure that your broker will work with Equity Trust if you go with them.

You can buy investment real estate in a self-directed IRA, but not your own home or even a vacation home. You can also buy gold bullion, but you have to have someone else store it. I cannot remember the rules for art work, but I don't think you can keep the art in your home if you buy it with...

Hmmm. Maybe someone should have listened to him before the market crashed and gold soared. Maybe they should also be listening about the next market decline to come in 2010 and 2011 due to the worsening residential and commercial real estate market. He has said that there will be a buying...

The outlook is quite grim: http://activerain.com/blogsview/822302/arm-loan-reset-schedule-2007-2008-2009-2010-2011-2012- Martin Weiss, who markets a number of financial newsletters, actually advised clients earlier this year to sell their homes and rent for a year or two until the real...