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johnsmith060@gmail.com wrote:
> John wrote:
>
> > Be careful about the gold comments.
>
> > I think you will find that much of the gold is being purchase in India
> > (the world's largest market). Many of the buyers represent specific
> > cultural groups through out Asia and the 'investing' in gold isn't
> > being done as an alternative to US dollar investment. These investors
> > are buying gold for other reasons.
>
> And they may be?
In India and China, gold is still used as a primary wealth store
the way it was in the west back when the currencies were on
the gold standard. In the west folks have gradually come to view
gold as a "just" a commodity but in those nations it is still viewed
as a basis of wealth. So, as more and more people in those
nations have money, more and more of them buy gold.
> Look, gold is typically bought when confidence in a country's or global
> market isn't optimistic. It's been the pattern all along.
The pattern in the west and only since gold stopped being the
basis of the currency. But the reason gold fills that niche is
because it has been a (some word argue "the") wealth storage
and concentration medium. In India and China using it for that
has still not dropped off the radar.
> The US
> dollar is only worth more than toilet paper because of its ability to
> purchase oil commodities. This is why every country to support euro
> trading for its country's oil is a target for elimination. I'm not
> preaching against this action, I'm merely stating an invariant to our
> own foreign policy. Euro trading = worthless dollar. Therefore, the
> only way to preserve our national security, our very way of life for
> right now (until after Peak oil has passed) is to invade any country
> who even mentions the idea of transitioning their currency source for
> selling oil.
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Re: Real Estate to slow soon....
