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FinancialAdvisor

03/24/05 12:33 AM

#5673 RE: frenchee #5672

*Nice article frenchee (on $GOLD and TLT), short-term, $GOLD has gotten a lil' beat up, and it is in this position for the time-being, but I still expect the longer-term trend to maintain itself. Wait for the climax sell-off and the inevitable turn around, and it'll likely be a steal. On an event which would directly affect $GOLD is the talk of Bush suposedly having already signed off on plans (in November) to 'attack' Iran in June, if this talk is more then just noise, then it would directly affect the $GOLD markets. I believe markets react to tensions, because an ultimate $GOLD currency would generally equal peace...

Now let it be known, I've never been fan of "bonds." I especially hate those "bond gifts" you might get on your birthday or christmas or may have back in the day... they might say $50 on them but at the time of issuance they are only worth $25 or something. By the time I cash those pigs in and they're worth the full $50 in however many years or even decades... it won't even be worth it, I'll lose money in the deal because prices have already tripled of whatever it is that I NEED to purchase!

'In fact I have 2 "$50" United States savings bonds in my wallet right now... I keep them there because I believe there will soon come a time when it would be wise to cash them in despite them not reaching full value yet...' Now I honestly see a banking crisis coming sometime within this decade, this is just my belief and opinion, so I may have a bias, or maybe I've just gathered enough evidence to see such a thing... this is why I'm not particularly fond of bonds or even the U.S. dollar!'