Euro (EUR), 57.6% weight Japanese yen (JPY) 13.6% weight Pound sterling (GBP), 11.9% weight Canadian dollar (CAD), 9.1% weight Swedish krona (SEK), 4.2% weight Swiss franc (CHF) 3.6% weight
USDX goes up when the US dollar gains "strength" (value) when compared to the above currencies. Why is the dollar index currently strong? (1) continued economic uncertainty in Japan and throughout europe. (2) upcoming vote next week on Scottish independence. The increasing possibility of a yes vote is threatening the strength of the pound.
How are the economies and demographics of Europe, Japan, Great Britain, Canada compared to the USA? Is there really any reason to believe the USA will not lose the "race to the bottom"?
"Nearly all economic and monetary theorists since the 1930s have been preoccupied with preventing self-feeding monetary contractions, which in current times will be signalled by a flight into the dollar. The cure when this happens is obvious to them: just issue more dollars. This can be easily done by extending currency swaps between central banks and by coordinating currency intervention, rather than new rounds of plain old QE.
So far market traders appear to have been assuming the dollar is strong for less defined reasons, marking down key commodities and gold as a result. However, the relationship between the dollar, currencies and bond yields needs watching as they may be beginning to signal something more serious is afoot."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Thanks Derryb. Just to keep the discussion going ...what if one has a lot of gold and silver ...Does he sell part of them or all of them before prices go down some more or just hold on to them until the price goes back up later in years to come?
I buy when I know when I'm getting a deal at that particular time on a particular item or items. I have no "set" points because the market is ever changing even though it is declining overall. There still are good times to buy even in a declining market, and most importantly, buy what you know you can at least get your money back on when it comes time to sell. Surprised that hasn't been mentioned yet.
To forgive is to free a prisoner, and to discover that prisoner was you.
I sold $3500 of my paper gold holdings this week, when the check comes I said it will go right into Gold Buffalo's, but I think I'm going to wait just a little bit....
<< <i>I've started to pay off the remaining chunks of the mortgage and I'm still accumulating cash. When there's "too much" cash, I buy some more gold or platinum and the momentary spot price is somewhat secondary. I've seen it rise and fall so many times that it really doesn't matter. >>
I am of the opinion that the smartest financial move a middle class person can make is to pay off the mortgage asap, then you can play with the money instead of the bank. I don't care what the cognoscenti will tell you about tax advantages etc, things change in life, get out from under a debt when you can.
<< <i>I've started to pay off the remaining chunks of the mortgage and I'm still accumulating cash. When there's "too much" cash, I buy some more gold or platinum and the momentary spot price is somewhat secondary. I've seen it rise and fall so many times that it really doesn't matter. >>
I just posted, the thread shows I did, but no post? Anyhow, I am of the opinion that paying off the mortgage is one of the best moves a middle class individual can make. Let the cognoscenti keep their mortgages for various reasons, pay off the bank. Things and positions change in life and not owing money keeps you a step ahead of the pack. I sold some paper gold this week and I'm waiting for the check, plan on buying some PCGS Gold Buffalos. I may wait just a little bit though
I didn't raise the ante' at auction last night, not into overpaying in this market. Maybe if the Mint lowers their prices this Thursday..........today's $5 bump in gold isn't helping my plan.........
Q: Are You Printing Money? Bernanke: Not Literally
<< <i>I didn't raise the ante' at auction last night, not into overpaying in this market. Maybe if the Mint lowers their prices this Thursday..........today's $5 bump in gold isn't helping my plan......... >>
<< <i>For the record, I'm officially buying still. I was buying it at $1900 and at $450, too. I can't imagine this range is any more dangerous. >>
Are you buying for resale, speculation or to cherish? >>
Wow, great question! I'll be using that one! >>
To address the question: Are you buying for resale, speculation or to cherish? >>
Yes. Buying because it's my business and commerce doesn't function very well without products. (Or didn't we just do a deal ? ) No speculating and no love gained or lost. I guess you could say a business needs products to do business.
<< <i>For the record, I'm officially buying still. I was buying it at $1900 and at $450, too. I can't imagine this range is any more dangerous. >>
Are you buying for resale, speculation or to cherish? >>
Wow, great question! I'll be using that one! >>
To address the question: Are you buying for resale, speculation or to cherish? >>
Yes. Buying because it's my business and commerce doesn't function very well without products. (Or didn't we just do a deal ? ) No speculating and no love gained or lost. I guess you could say a business needs products to do business.
What I cherish isn't a tangible, in seriousness. >>
We did in fact do a deal. I would pose those same 3 questions to anyone buying PMs. Your post just seemed like an appropriate one to respond to.
The main point is like everything : Entry point is key. Gold isn't the KEY. The price isn't the KEY. The entry and exit points are rudimentary to any "vehicle" as an investment. I do like gold coins. Not really dealing in "metal". I love teaching guys HOW TO install metal roofs, not necessarily selling it. But that's a different beast speaking to "cherish" I cherish knowledge and family, which is most often attained reading so many men here who , like you, ask the "KEY" questions which is fundamental for learning. Many on both sides of the aisle have valid points of contention. You know my points of contention from our PMs. (not precious metal deals, but private messages)
I personally don't buy PMs for sake of the gold content for stacking. My investments are in U.S. Gold, Silver, Platinum Mint Offerings, mostly rare or in demand ultra moderns. Although I pay a premium for them at the time I purchase them directly from the mint, I have mostly never lost when PMs decline in value since the numismatic value has held steady over time. That is the only way I will stack PMs. Some of these coins are in my box of 20 below.
Comments
Japanese yen (JPY) 13.6% weight
Pound sterling (GBP), 11.9% weight
Canadian dollar (CAD), 9.1% weight
Swedish krona (SEK), 4.2% weight
Swiss franc (CHF) 3.6% weight
USDX goes up when the US dollar gains "strength" (value) when compared to the above currencies. Why is the dollar index currently strong?
(1) continued economic uncertainty in Japan and throughout europe.
(2) upcoming vote next week on Scottish independence. The increasing possibility of a yes vote is threatening the strength of the pound.
How are the economies and demographics of Europe, Japan, Great Britain, Canada compared to the USA? Is there really any reason to believe the USA will not lose the "race to the bottom"?
Knowledge is the enemy of fear
bob
Box of 20
Coinfame,Kaelasdad,Type2,UNLVino,MICHAELDIXON
Justacommeman,tydye,78saen,123cents,blue62vette,Segoja,Nibanny
<< <i>Do you guys think the prices of both Silver and Gold are going to continue its downward trend this coming week? Just asking. Thanks. >>
Yep.
Currency turbulence
"Nearly all economic and monetary theorists since the 1930s have been preoccupied with preventing self-feeding monetary contractions, which in current times will be signalled by a flight into the dollar. The cure when this happens is obvious to them: just issue more dollars. This can be easily done by extending currency swaps between central banks and by coordinating currency intervention, rather than new rounds of plain old QE.
So far market traders appear to have been assuming the dollar is strong for less defined reasons, marking down key commodities and gold as a result. However, the relationship between the dollar, currencies and bond yields needs watching as they may be beginning to signal something more serious is afoot."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Coinfame,Kaelasdad,Type2,UNLVino,MICHAELDIXON
Justacommeman,tydye,78saen,123cents,blue62vette,Segoja,Nibanny
OHHHH, so charts CAN be manipulated to say what the creator of them wants them to say????
(wait a minute, you're not derryb
<< <i>It hasnt? LOL I guess you've been looking at the charts posted by the PM pushers.
OHHHH, so charts CAN be manipulated to say what the creator of them wants them to say????
(wait a minute, you're not derryb
No charts cannot be manipulated. However people can graphically present misinformation and charts can be incorrectly interpreted.
Knowledge is the enemy of fear
<< <i>I've started to pay off the remaining chunks of the mortgage and I'm still accumulating cash. When there's "too much" cash, I buy some more gold or platinum and the momentary spot price is somewhat secondary. I've seen it rise and fall so many times that it really doesn't matter. >>
I am of the opinion that the smartest financial move a middle class person can make is to pay off the mortgage asap, then you can play with the money instead of the bank. I don't care what the cognoscenti will tell you about tax advantages etc, things change in life, get out from under a debt when you can.
<< <i>I've started to pay off the remaining chunks of the mortgage and I'm still accumulating cash. When there's "too much" cash, I buy some more gold or platinum and the momentary spot price is somewhat secondary. I've seen it rise and fall so many times that it really doesn't matter. >>
I just posted, the thread shows I did, but no post? Anyhow, I am of the opinion that paying off the mortgage is one of the best moves a middle class individual can make. Let the cognoscenti keep their mortgages for various reasons, pay off the bank. Things and positions change in life and not owing money keeps you a step ahead of the pack.
I sold some paper gold this week and I'm waiting for the check, plan on buying some PCGS Gold Buffalos. I may wait just a little bit though
I guess the site is running slowly
I knew it would happen.
<< <i>For the record, I'm officially buying still. I was buying it at $1900 and at $450, too. I can't imagine this range is any more dangerous. >>
Are you buying for resale, speculation or to cherish?
<< <i>I didn't raise the ante' at auction last night, not into overpaying in this market. Maybe if the Mint lowers their prices this Thursday..........today's $5 bump in gold isn't helping my plan......... >>
Not sure I'd take this as a sign of an upswing.
<< <i>
<< <i>For the record, I'm officially buying still. I was buying it at $1900 and at $450, too. I can't imagine this range is any more dangerous. >>
Are you buying for resale, speculation or to cherish? >>
Wow, great question! I'll be using that one!
Liberty: Parent of Science & Industry
<< <i>
<< <i>
<< <i>For the record, I'm officially buying still. I was buying it at $1900 and at $450, too. I can't imagine this range is any more dangerous. >>
Are you buying for resale, speculation or to cherish? >>
Wow, great question! I'll be using that one! >>
To address the question:
Are you buying for resale, speculation or to cherish? >>
Yes. Buying because it's my business and commerce doesn't function very well without products. (Or didn't we just do a deal ? )
No speculating and no love gained or lost.
I guess you could say a business needs products to do business.
What I cherish isn't a tangible, in seriousness.
<< <i>
<< <i>
<< <i>
<< <i>For the record, I'm officially buying still. I was buying it at $1900 and at $450, too. I can't imagine this range is any more dangerous. >>
Are you buying for resale, speculation or to cherish? >>
Wow, great question! I'll be using that one! >>
To address the question:
Are you buying for resale, speculation or to cherish? >>
Yes. Buying because it's my business and commerce doesn't function very well without products. (Or didn't we just do a deal ? )
No speculating and no love gained or lost.
I guess you could say a business needs products to do business.
What I cherish isn't a tangible, in seriousness. >>
We did in fact do a deal. I would pose those same 3 questions to anyone buying PMs. Your post just seemed like an appropriate one to respond to.
The main point is like everything : Entry point is key. Gold isn't the KEY. The price isn't the KEY. The entry and exit points are rudimentary to any "vehicle" as an investment.
I do like gold coins. Not really dealing in "metal". I love teaching guys HOW TO install metal roofs, not necessarily selling it. But that's a different beast speaking to "cherish"
I cherish knowledge and family, which is most often attained reading so many men here who , like you, ask the "KEY" questions which is fundamental for learning. Many on both sides of the aisle have valid points of contention. You know my points of contention from our PMs. (not precious metal deals, but private messages)
With the utmost respect, and cordially,
Joe
Box of 20