Quote:
Originally Posted by rewn
The USD will die and the EURO will take over.
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The EURO is a flawed currency. It is not going to replace the USD. There is talk that China wants to move to a Gold standard which would be a move one would take if they wanted to become the new world's reserve currency. Who knows though at this point...
Quote:
Originally Posted by directfiesta
For the US , goild is UP ... because there $$$ is down.
For other countries, basically the same ...
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Partly true. A few months ago Gold hit an all time high to the Euro too. Dcat explains it pretty good...
Quote:
Originally Posted by Dcat
I think we are seeing the start of the biggest bull run for GOLD in history.
There is a World Wide Currency War underway, and as countries keep devaluing their currencies (relative to the rapidly weakening US Dollar) to keep their exports cheap, gold will just keep going up, Up, UP!
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Exactly right. Though there is a chance that the USD will do a moonshot when the Dollar carry unwinds. I hope that happens because it will make gold and silver temporarily cheaper and I will buy even more...
Quote:
Originally Posted by The Demon
I'm looking more at silver, since I bought $5,000 more this week on 1 oz bars. Silver has constantly traded at a higher % and has a lot more upside. If we do experience something like hyperinflation, I see silver rising to $200+ an ounce, making me rich. Gold is overbought.
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Silver is another good investment, but I don't agree that gold is overbought.