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re: Gold...why is it down?
Posted on 2/20/13 at 2:06 pm to LSU0358
Posted on 2/20/13 at 2:06 pm to LSU0358
quote:
As far as metals go, the one I like the most at the moment is platinum. Big time supply issues with south africa mining problens and Chinese auto sales (combined with government crackdown on the cars having effective catalytic converters) increasing demand could set up an explosive scenario.
I think Platinum is going to do well too. But, it doesn't interest me as much as gold and silver. It's still mostly an industrial demand based metal.
1
Posted on 2/20/13 at 2:17 pm to goodgrin
So, in effect, the local purchasing value of a dollar is more tied to it's relationship relative to other countries (manipulated) currencies, than it is to the amount of dollars that our Fed prints? I understand how a currency war where they devalue their currency relative to ours, would increase the value of ours...but something in this equation don't make sense to me.
I guess that's why I dropped out of school and picked up a wrench.
Thanks guys!
I guess that's why I dropped out of school and picked up a wrench.
Thanks guys!
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