Quote:
Originally Posted by dyna mo
isn't that fucking nutty? my pop said to me today don't think of the price of gold going up, it's the value of the dollar going down. derp
and is there even any room for qe3?
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Your old man is probably right and that's why people are running to it as fast as they can right now, because they don't know where the USD is going to end up.
Take general investors out of the equation and watch what governments do. When you see countries like Russia and Korea (and many others) suddenly buying tonnes of gold, it makes you wonder if they know something we don't. Even Thailand where I live, just bought 30 more tonnes to add to their 100 tonne stockpile.
Who knows how it all will play out, but it's probably not a bad idea to not have all your eggs in the USD or Euro right now.