Gold Jan 2006 530.00 Oct 2007 790.00?

[Pendragon]

Why the jump almost 33% in less the 2 years and from 640 to 790 in 6 months or 20% in 4 months Unreal jumps in gold but why it has nothing to do with the oil or grain in general terms. in tracking off a trend like this 4 months prior to 9-11 gold was at256 and spiked up to 285 an 11% increase now in looking at the charts from jan 2000 to jan 2003 gold was stable at between 255 to 315 since 2003 it has jumped 250%-300% why? Silver is doing the same why? yet we still have a bull market. In other time frames the stock market goes down prescious metals go up and vice verse something wierd is going on all the comodities are off the charts and they date to 2003 when they began

http://www.kitco.com/gold.londonfix.html

[Issachar]

A bull market in inflated dollars.

The general rule of thumb is dollar down; gold up - dollar up; gold down. Right now, the dollar is way down and continues down and so gold is way up and continues up.

Buying gold is a ...... no, almost THE hedge against inflation. Inflation is the direct result of the central bankers creating more "money" out of thin air; mostly on hard drives. It has no intrinsic value. Gold does. Gold requires being found, mined, shipped, purified, cast ..... real work goes into it being in it's end form. Not so with (intrinsically) worthless dollars. Gold can be used in manufacturing, jewelry, artifacts ..... it's pretty to look at .... it has REAL value. What can be done with a stupid paper currency? Origami?

If you bought $10,000 dollars worth of gold 5 years ago, it would be worth a bit over $30,000 today. If you saved $10,000 dollars in the bank 5 years ago and withdrew it today, you'd get what about $6000 would have gotten 5 years ago. You save dollars, you lose "money". That is the way it always is in a fiat system.

100% of fiat currencies have collapsed throughout history. 100% will. Collapse is intrinsic to fiat economies. So why do they exist? Look at who creates them. It is not the "people". The "people" are given the illusion of having "wealth" under a fiat system so that they will go along with it, but in fact, real wealth is being transferred from the "people" to the bankers. (I'm not talking about the teller or even the branch manager at your local, corner bank either.) As the completion of real wealth transfer from the masses to the bankers nears completion, the fiat currency begins to fail. I believe that we may be at the start of that now. In 1933, President Roosevelt made it illegal for Americans to own gold. That is a blatant violation of the Constitution, but it WILL happen again because it will be for "the greater good".

Issachar

[Bernardd]

Wasn't gold at $800/oz about 30 years ago?

[Issachar]

Yes, but that was a anomaly due to a five or six year period in the late seventies to early eighties of highly unusal economic activity. Very high inflation rates and very high interest rates ... two things that don't normally go together. In the chart below, you can see what a temporary spike it was.

http://www.taxfreegold.co.uk/images/goldpricegraph480.jpg Issachar

[jds6958]

http://www.gold-eagle.com/editorials_05/laird021506.html

http://en.wikipedia.org/wiki/Hyperinflation

http://www.usagold.com/germannightmare.html

http://www.bullionvault.com/ (as a means to invest in gold off shore before gold becomes illegal to own in the U.S. AGAIN....

http://www.gold-eagle.com/gold_digest_05/taylor041707.html

:fear

An event such as the above may lead the world into the one currency financial system...

[jds6958]

A bull market in inflated dollars.

The general rule of thumb is dollar down; gold up - dollar up; gold down. Right now, the dollar is way down and continues down and so gold is way up and continues up.

Buying gold is a ......

Issachar

I believe you've got it...I've transfered a lot of my assets into gold to hedge myself...it could be 5 days or 5 years but it is inevitable....if it is not before five years I would be floored...

[jds6958]

"Outright lying as to official statistics such as money supply, inflation or reserves.
Suppression of publication of money supply statistics, or inflation indices.
Price and wage controls.
Forced savings schemes, designed to suck up excess liquidity. These savings schemes may be described as pensions schemes, emergency funds, war funds, or similar.
Adjusting the components of the Consumer Price Index, to remove those items whose prices are rising the fastest."

U.S. Inflation index is highly manipulated...core things such has groceries, energy are removed. Weird formula manipulations exist for some products to hide inflation for things like autos and t.v.'s

Do you know how much money the Fed is printing? They stopped publishing that....hmmmm

Have you heard about the recently discussed universal 401k's?

http://www.answers.com/topic/hyperinflation?cat=health

[DawnGrace]

FOLKS: the above hyperinflation article is worth reading...Please go there.
It does appear the US govt/NWO is in fact moving us to a replacement currency of some sort. Either the Amero or the Euro.....in order to solve the hyperinflation debacle we are headed straightforward into....

[PrincessofHeaven]

Canada is coming down here buying up property and spending their money like mad here

[Bernardd]

100% of fiat currencies have collapsed throughout history.
Right, all except the ones that are still in existence. You could probably also argue that every "great nation" has collapsed throughout history.