I would follow a thought posted on the iTulip forum stating that we could likely see USD-ish, Euro-ish, and YEN/Yuan-ish regional currency blocks eventually.
BUt Gold will play A role in the transition to something like that.
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I would follow a thought posted on the iTulip forum stating that we could likely see USD-ish, Euro-ish, and YEN/Yuan-ish regional currency blocks eventually.
BUt Gold will play A role in the transition to something like that.
I know TPTB don't want to do it, but in my mind a revaluation of gold has to occur at some point . . . it's logical, how else can any real value be restored to the financial system. If gold is not important, why do central banks still hold it?
We are still in the early days of this crisis, after government's around the world have finished trashing their currencies in the next few months and years, how are they going to restore value. Talk is cheap . . . people will insist it be backed or be convertible into something tangible. Government distrust will be at an all-time high.
Has anyone used this guy?
http://www.thegoldman.co.nz/
...3 market attempts to break the *900 psyche barrier so far unsuccessful but still, instead of surging above the *1000+ barrier, another 4th attempt to break *900 most likely in progress...and if it breaks, selling pressure will take gold quickly into the *680 area and most likely below
...in the meantime, the USD surged 3 cents in one trading session and seems determined to challenge the *92.36 level
...Deflationary Forces...
...unless the market takes out US967 on a closing basis, no further committment of holding gold
Trading Strategy: have cash will buy; say 'WHEN' -Inflation-
Kind Regards
EWI agrees a77
I never understand how the gold price move. On a day like this gold price should be up, yet it is down. Something I dont understand I stay well clear.