Gold takes a long time to buy, and a long time to sell. It doesn't evaporate, though. But I don't trust the Euro either, to be quite honest. Of course, you could always buy Can$ :).
What about other commodities? Diamonds? The De Beers stockpile is depleted, and gem quality synthetics just doesn't seem to happen.
With a deep economic contraction reducing demand and with Wall Street in tatters, where in the US should you invest?
Ok, everything but Dollars. Chinese will come along
ReplyDeleteWhat do you think of this?
ReplyDeletehttp://money.cnn.com/2008/12/12/news/economy/karydakis_deficit.fortune/index.htm?postversion=2008121208
JD,
ReplyDeleteJust read it. It makes the assumption that the US dollar won't tank. There's a "closed economy" mentality amongst pro-stimulus people at the moment.
Is this good?
ReplyDeleteI mean if the USD goes down against the AUD and the price per barrel of oil remains low, then petrol prices here should drop.
Bring it on!!
Timeline, sir?
ReplyDeleteTomorrow? Next week?
Let's look at the DX over a year.
http://quotes.ino.com/chart/?s=NYBOT_DX&v=d12
I don't see much support at 82. If $USD is going down, I just wonder how much of a bounce we'll have at 76.
And whether or not 72 holds this time.
Reuben,
ReplyDeleteThe net result for Australia will be bad.
Japanese and Chinese exports to the US will dry up, and so will our commodity exports to Japan and China.
Son of Gustaf,
ReplyDeleteWithin 6 months.
Gold takes a long time to buy, and a long time to sell. It doesn't evaporate, though. But I don't trust the Euro either, to be quite honest. Of course, you could always buy Can$ :).
ReplyDeleteWhat about other commodities? Diamonds? The De Beers stockpile is depleted, and gem quality synthetics just doesn't seem to happen.
Platinum will have the same issues as Gold.
Other suggestions?