Saturday, June 13, 2009 7:45:54 PM
I really don't think world health problems can help the $USD - The US needs dollars to fund a number of the current administrations projects.
To get those dollars we need someone to buy our bonds. If the world faces more financial problems they can't be buyers. China already has too many dollars and is signalling that it will look for ways to exchange them for material goods, including gold.
This does not bode well for the trade deficit (we need those dollars back) and forces the US to look for other buyers. Bottom line those other buyers will more than likely be taxpayers as the FED picks up the tab by buying the bonds itself.
That means cranking up the printing presses and flooding the system with dollars, which causes inflation.
The bad news for US consumers is the cost of everything will rise as the value of the dollar plummets. The good news is that debt shrinks in comparison as more dollars are available. (Just what the government doctor ordered)
As for the markets, climbing back up may not be the hat trick everyone supposes. For one thing, since there will be more dollars around (of less value) DOW 10,000 won't be as tough a nut to crack tomorrow as it was yesterday.
Those holding dollars are going to need many more of them as a result of the loss of purchasing power. Those holding gold/silver will be able to exchange it for many more dollars than they originally paid.
Granted everything will cost more, but wise 'goldbugs' will have more.
To get those dollars we need someone to buy our bonds. If the world faces more financial problems they can't be buyers. China already has too many dollars and is signalling that it will look for ways to exchange them for material goods, including gold.
This does not bode well for the trade deficit (we need those dollars back) and forces the US to look for other buyers. Bottom line those other buyers will more than likely be taxpayers as the FED picks up the tab by buying the bonds itself.
That means cranking up the printing presses and flooding the system with dollars, which causes inflation.
The bad news for US consumers is the cost of everything will rise as the value of the dollar plummets. The good news is that debt shrinks in comparison as more dollars are available. (Just what the government doctor ordered)
As for the markets, climbing back up may not be the hat trick everyone supposes. For one thing, since there will be more dollars around (of less value) DOW 10,000 won't be as tough a nut to crack tomorrow as it was yesterday.
Those holding dollars are going to need many more of them as a result of the loss of purchasing power. Those holding gold/silver will be able to exchange it for many more dollars than they originally paid.
Granted everything will cost more, but wise 'goldbugs' will have more.
Recent GOLD News
- Gold.com, Inc. Increases Share Repurchase Program • GlobeNewswire Inc. • 04/08/2026 12:00:00 PM
- Gold.com Acquires Sunshine Minting, Creating One of North America’s Largest Precious Metals Minting Platforms • GlobeNewswire Inc. • 04/02/2026 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/19/2026 10:36:21 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 03/19/2026 09:56:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/16/2026 04:18:48 PM
- Gold.com Appoints Tether Executive Juan Sartori to Board of Directors; Longtime Director Beverley Lepine to Retire After 11 Years of Service • GlobeNewswire Inc. • 03/16/2026 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2026 07:16:20 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 02/17/2026 09:15:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2026 05:45:41 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/12/2026 07:03:56 PM
- Form SCHEDULE 13D - General Statement of Acquisition of Beneficial Ownership • Edgar (US Regulatory) • 02/11/2026 09:16:07 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/11/2026 04:00:26 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/09/2026 09:45:39 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/06/2026 09:47:14 PM
- Gold.com Announces $150 Million Strategic Investment from Tether • GlobeNewswire Inc. • 02/05/2026 09:10:00 PM
- Gold.com Reports Fiscal Second Quarter 2026 Results • GlobeNewswire Inc. • 02/05/2026 09:05:00 PM
- Gold.com Sets Fiscal Second Quarter Earnings Call for Thursday, February 5th at 4:30 p.m. ET • GlobeNewswire Inc. • 01/16/2026 01:00:00 PM
- Gold.com Closes Monex Precious Metals Acquisition, Provides an Operational Update, and a Link to the Livestream of the January 27, 2026 Ringing of the NYSE’s Opening Bell • GlobeNewswire Inc. • 01/05/2026 01:00:00 PM
- GoldMining Announces Renewed At-the-Market Equity Program • PR Newswire (Canada) • 12/08/2025 10:34:00 PM
- GoldMining Announces Renewed At-the-Market Equity Program • PR Newswire (US) • 12/08/2025 10:34:00 PM
- Gold.com to Begin Trading on the New York Stock Exchange Under Ticker Symbol “GOLD” • GlobeNewswire Inc. • 12/02/2025 01:00:00 PM
- Form 25 - Notification of the removal from listing and registration of matured, redeemed or retired securities • Edgar (US Regulatory) • 12/01/2025 09:35:56 PM
- Form 8-A12B - Registration of securities [Section 12(b)] • Edgar (US Regulatory) • 11/26/2025 04:53:17 PM


