US dollar status as world’s single reserve currency will end by 2025

Lots of folks said the same thing in 1979-80.

 

What do you make of the Iran-India deal?

 

if you can asssure me that Bernacke will raise interest rates and liquidate all mal investments then in a few years time yes, the DOW would be much higher than it is today.....but we both know that uncle ben wont raise rates!

 

What do you make of the Alaska purchase?

 

Could be. He says he will when it is necessary but I don't purport to predict the future.

I know you do. And most always that I've seen, wrongly.

 

again you are missing the point.....that paper money is devaluable by government at any time it so chooses...either by some foolish war or pork barrel spending in an election year.....you have no control...gold on the other hand owes nobody and cannot be reproduced without significant labour.

And again you miss the point that it's value is market driven and not dictated by some government body...yet still you refuse to see the obvious!

Typical linear mentality

 

yup.....I was sure wrong in telling people to buy gold at 1200 right? There is another forum I will be only too happy to show you where back in 2008 I was predicting higher gold prices and at that time it was still 800

And as for your 5 dollar gas...well....thats coming alot sooner than you think

 

It was a good idea. Now that I have answered your question please have the courtesy of answering mine.

 

Gold bugs have been around for centuries. If you dollar cost averaged into the US equity market since the late 1970s you would have trounced the pathetic returns of Gold. Every 30 years or more gold has a bubble. Great. Just don't count on me putting my IRA into that nonsense.

 

A) I have always stated that the 80's and 90's was the era of paper assets
B) anybody that cant understand the obvious that gold wont collapse so long as interest rates remain at zero just does not understand a bubble.

all bubbles end when interst rise.....the teck boom, the commodities boom of the 70's, the leveraged buyout boom of the 80's and the housing boom of the last 8 years...it was always higher interest rates that killed the boom.

Now having said that if you can show me exactlt when Bernacke plans to jack up rates then I can show you when gold will stop rising for good!

 

you obviously are clueless to what a bubble really is.....your posts show that! All you see is prices rising and form your ill informed and ignorant opinion....its like looking out the window and deciding if it will rain today when there are better ways like looking at doplar radar and watching the weather on the news!

Gold is going up for a reason....you dont see the long lineups to buy gold....there is no frenzied buying like in the tech boom or in the housing bubble.....it has just been going up slowly but steady for 10 years!

At some point it will stop rising and perhaps even fall if interest should one day rise......but that day is not today!

 

Lets be realistic, you cannot compare to the two at all. The Fed had ammo in the 80s to take down gold unlike now. Paul Volker raised the federal funds rate to around 20%. Where is the rate now? And its going to stay that way into 2014.

When you think about gold you have to look at interest rates and money supply.
Both those are very favorable for gold right now.

 

now you dont really expect the clueless gang to understand logic now do you?

 

I am starting to realize that.

 

What? Every thirty years gold has a bubble. You absolutely have no clue about gold. You don't what your talking about.

I suppose you think central banks hold gold because of tradition.

In the 60s why did the central banks fix the gold price through the London Gold Pool? Go read. Educate yourself and prosper from it. This bull market is far from over.

 

what these dummies dont understand is that we are witnessing the end of an empire.....the US is falling just the same way the USSR did 20 years ago.....this is the main reason gold is rising.....its the logical alternative to holding dollars!

But again I say........dont expexct people that are fixated on watching shows like Jerry Springer to understand that LOL

 

Ad hom all you like but you are the one who clearly does not know what they are talking about as I will demonstrate below

As I described earlier .. the price of any good or service is determined by what someone is willing to pay for it.

This is based on "perception". For all of the history of money Gold has had value.

Your claim that gold does not have intrinsic value is a farce.

Don't blame me because you do not understand the phrase "in constant dollars"

Once again it is you who does not seem to understand what is what !

 

You can compare the two in that folks were saying the same thing. In 1979-80 there was high inflation that looked unbeatable and the economy appeared to be mired in stagflation.

Folks saying the same thing were wrong then. Will they be wrong now? Who knows?

But I do not that when silver was around $50/oz folks here were telling us that prices had nowhere to go but up. And then the silver market crashed.

 

Speaking of clueless. As I was mentioning in my immediate prior posts ...

5-2-11 Silver: $49/oz

 

I never said that.

Neither did Marc Faber or Jim Rogers or any other truly knowledgeable AND unbiased economists.

 

I never said you did. Why so defensive?

 

I wasn't 'defensive'.

I was clarifying.

I have made a lot of posts about silver.


Who did type what you claim?

 

That was a parabolic blip...it went WAY higher then it should have.




http://silverprice.org/silver-price-history.html

In the last year, the DOW has risen 8.53%.

The last two, less then 25%.

http://www.bloomberg.com/quote/INDU:IND/chart


And as the West and Japan keeps printing more and more debt...the long term fundamentals for silver/gold get (imo) better and better.

 

And btw...

Silver is up 669% in the last ten years.



http://silverprice.org/silver-price-history.html


And silver's inflation adjusted all-time high is $133.76.

http://www.usinflationcalculator.com/


The Dow in the last ten years?

It's up about 30%.

http://www.theglobeandmail.com/globe-investor/markets/indexes/chart/?q=djia-I

 

They are always crystal clear. In hindsight.