Gold futures Thursday at $739.90/oz accelerated gains to finish
higher in New York on Thursday, revved up by a weak fiatzdollar
and near-record crude prices to extend their rally but
balking at challenging last week's highs.
With the fiatzdollar being down yet again, that's the major
impetus to Gold today.
The fact that (the fiatz-dollar) touched a new intraday -
record low -
is giving people the idea that the precious metals
are likely to have the winds at their back going forward,
said Patrick Fearon, precious metals analyst at
A.G. Edwards and Sons in St. Louis.
Fearon said that the exceptionally higher oil prices were
also helping Gold.
U.S. crude surged more than 3 percent to above $83 a barrel
in afternoon trading, while London Brent crude also set
a record high.
The euro-fiatz reached a new high of $1.4189 as the
greenback lost more ground on expectations that
the Federal Reserve would continue lowering U.S.
interest rates to deal with the mortgage crisis and
the slowdown in the economy....
Naturally then, such a trend must necessarily benefit Gold -
What is cash worth in hyper-inflation?
Ex:
Prior to the Hyper-Inflation in Germany in the 20s,,a
German worker retired with $60,000 and a pension.
After the hyper-inflation got going the bank sent him
a check for the $60,000 with a letter saying his acct
was to small to handle.
The stamp on the letter?... $100,000
Play it safe and stay in Gold mining -
Politicians can't stand seeing the value of their own
home dropping ever month,,,, they will stimulate and
when that doesn't work they will stimulate some more,
again and again and again---until we go over the cliff
into hyper-inflation.
ex.
http://news.bbc.co.uk/2/hi/business/default.stm
GOLD the real value about fiatz$35,000.-/oz today....
http://investorshub.advfn.com/boards/read_msg.asp?message_id=21963105
Got NXG Gold Mines Safety -
The Largest Gold Producer in BC -
The lowest cost Gold Producer in the mining industry -
http://www.northgateminerals.com
Imo. Tia.
God Bless
http://investorshub.advfn.com/boards/read_msg.asp?message_id=23166940
http://investorshub.advfn.com/boards/board.asp?board_id=3041
higher in New York on Thursday, revved up by a weak fiatzdollar
and near-record crude prices to extend their rally but
balking at challenging last week's highs.
With the fiatzdollar being down yet again, that's the major
impetus to Gold today.
The fact that (the fiatz-dollar) touched a new intraday -
record low -
is giving people the idea that the precious metals
are likely to have the winds at their back going forward,
said Patrick Fearon, precious metals analyst at
A.G. Edwards and Sons in St. Louis.
Fearon said that the exceptionally higher oil prices were
also helping Gold.
U.S. crude surged more than 3 percent to above $83 a barrel
in afternoon trading, while London Brent crude also set
a record high.
The euro-fiatz reached a new high of $1.4189 as the
greenback lost more ground on expectations that
the Federal Reserve would continue lowering U.S.
interest rates to deal with the mortgage crisis and
the slowdown in the economy....
Naturally then, such a trend must necessarily benefit Gold -
What is cash worth in hyper-inflation?
Ex:
Prior to the Hyper-Inflation in Germany in the 20s,,a
German worker retired with $60,000 and a pension.
After the hyper-inflation got going the bank sent him
a check for the $60,000 with a letter saying his acct
was to small to handle.
The stamp on the letter?... $100,000
Play it safe and stay in Gold mining -
Politicians can't stand seeing the value of their own
home dropping ever month,,,, they will stimulate and
when that doesn't work they will stimulate some more,
again and again and again---until we go over the cliff
into hyper-inflation.
ex.
http://news.bbc.co.uk/2/hi/business/default.stm
GOLD the real value about fiatz$35,000.-/oz today....
http://investorshub.advfn.com/boards/read_msg.asp?message_id=21963105
Got NXG Gold Mines Safety -
The Largest Gold Producer in BC -
The lowest cost Gold Producer in the mining industry -
http://www.northgateminerals.com
Imo. Tia.
God Bless
http://investorshub.advfn.com/boards/read_msg.asp?message_id=23166940
http://investorshub.advfn.com/boards/board.asp?board_id=3041
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