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People that bought bonds back when prime went to 21% in the early 1980's made a killing when rates went down again. Next time rates get that high I'll probably buy some.

Maybe someday people will realize the US and Europe are doing the exact same thing Where will they put their money, then?

No, its the countdown to where the admitted debt hits the unfathomable sum of $10 trillion, where even schoolchildren will be able to see we are bankrupt.

The debt is already at "unrepayable" levels. Its just that it hasn't been recognized as such, yet. Lets face facts. There is no way they could raise taxes enough to run a $100 billion per year surplus. If they raise them higher, revenues drop. So we just keep borrowing till no one will...

They are just preparing for the collapse of the US dollar as the world's reserve currency. As it sits, they trade amongst themselves mostly in US dollars. Some even use US dollars as currency. That's a big problem going forward. When the gulf nations release the pegs, its going to put that...

We'll be rubbing his nose in this one when its done, too.......

They just couldn't find a better idiot, that's all.

It was Labor Day that it really spiked 2 or 3 yrs ago

Not as hard as I laugh everytime marketsurfer posts his "$600 by april 09" call.

No, I think it should be left here till next April.... Let him be right or wrong. He picked the number and the date. from a GATA post.... FreeMarket Gold & Money Report's James Turk noted: "Crude oil closed Friday at 4.429 grams of gold per barrel. Since the end of the Second World War...

We had the opportunity to change our mentality and ways 30 or 40 years ago, but I think it was just a lot EASIER and less painful to borrow, spend, and consume instead of finding ways to conserve.

I think whatever demand we reduce will be more than made up for by increased demand from China, India, and Brazil will all those dollars we've been printing. Funny how nobody thinks that prinitng dollars and giving credit isn't what's at the root cause of inflation

If you used the real rate of inflation instead of the published CPI used to reduce COLA payments, it would show just how undervalued gold really is.

I think it was Adolf Hitler that had some theory that if you told a big enough lie, people could be made to believe. IMO, they are proving that theory with the dollar. I just wonder how much longer we can fool everyone.

His testimony in front of Congress spells out the big problems. They "financially engineered" a way for everyone to borrow to consume instead of producing, but eventually that has to end, and someone is going to get stuck with the tab. http://www.youtube.com/watch?v=TBpKEdDQaaU

Silver has a supply/demand problem, but on the other side of the coin, its expensive to own because storage costs are high as result of its bulkiness as compare to gold. $600 gold looks like a pipe dream to me. Adjust the chart for M3 or M2 growth and see what it looks like. Printing money...

Or the DIRECTION of the forecasted move. I think the past few weeks data show that even with the dollar bouncing, there were plenty of buyers for any gold for sale under $850. I think we'll see gold stable above $1000 by his April 2009 date. Its just a function of the world more and...

Trade deficit tomorrow morning, budget deficit monday morning. What was oil at last month? Oil is usually about 1/2 of the trade deficit. Will it be 57 billion or 60 billion? Just add another month to the tab.......

Its THE DOLLAR BUBBLE that is going to burst, IMO. They can't print infinite amounts of gold to match it.

By next April, I figure we'll have hit $1100, anyway. Oil has typically been 1/10th of gold, so that doesn't seem unreasonable to me. My post above is more of a long term view, sort of what I expect to happen as baby boomers start to retire and collect instead of working and paying in...