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1. Re: Fun with Kitco: GOLD SETS A NEW RECORD!!!

   

   Comment by mhammerman · September 14, 2007 2:19AM · Home› U.S. Coin Forum

   "As the dollar falls and the economy crumbles people have less money to spend " The Wall-mart crowd probably aren't your typical owners of gold. There are 10 million millionaires in the US this year and they probably aren't buying gold for a play, but they are likely to be buying in because their stock portfolios are in…

2. Re: Fun with Kitco: GOLD SETS A NEW RECORD!!!

   

   Comment by MoneyLA · September 12, 2007 7:18PM · Home› U.S. Coin Forum

   gold is no longer the "hedge" it once was, and it is not a security blanket either. US Treasuries are the security blanket. the hedge?? I dont think there is one in this complex international economy any more. I think the price of gold is a reverse indicator of the US dollar... as the dollar falls, gold (which is priced in…