Good news in the Economy thread

[4JesusLove]

Post away!

[FarmBoy]

tap... tap... tap... is this thing on?

[Tammy]

I think Bernardd is back on we should get good news soon.

[Faline]

I still have a job. Whew!

[Bernardd]

Okay I'll bite.
Start with gold...at record highs.
Streettrack Gold (GLD) up 40% in the past 6 months.

Should I post another one tomorrow, or is this the part of the thread where someone actually considers the value of precious metals bad news, since it reflects the low dollar? I guess if you didn't invest in precious metal in some degree, it is bad news. However, if you saw what was going on and what was coming and you made the smart investment, it's very good news.

Maybe someone should start a thread that deals with how we can weather the storm financially.

[Tammy]

Bernardd that is great news if you had the money for gold. I think a lot of people here would have bought gold if they could have. I am just thankful that my DH still has a very good job.

[jds6958]

Okay I'll bite.
Start with gold...at record highs.
Streettrack Gold (GLD) up 40% in the past 6 months.

Should I post another one tomorrow, or is this the part of the thread where someone actually considers the value of precious metals bad news, since it reflects the low dollar? I guess if you didn't invest in precious metal in some degree, it is bad news. However, if you saw what was going on and what was coming and you made the smart investment, it's very good news.

Maybe someone should start a thread that deals with how we can weather the storm financially.

If this is a thread specific to good news related to the overall economy in general, then I would have to say that gold rising is generally bad news. Sure, gold rising is good for those who own it and good for gold dealers, however, gold is a barometer for geopolitical and economic events such as rising inflation. If gold is going up, this is generally not good news economically speaking.

It would be similar to me saying that soybeans, wheat, and corn going up in price is good for the farmers. This is true, but what about the 98% that are not farmers that have to buy the food at higher costs at the same income levels.

I see your point though. It can be viewed as good, but overall and speaking in general it is not.

This is a good thread though and a great idea. The last one got buried, I would like to see this one stick around a little more. It is a good idea to dissect and analyze the good news imho....

[Bernardd]

If gold is going up, this is generally not good news economically speaking.
I agree. I'm focusing on the micro aspect -- the individual investor. Yes, as inflation cuts my dollar away, a gold investment gives more than I'm losing.

As for those non-farmers, they could very well be investing in agriculture etc. and making up for the increase in food prices.

As you can see, I'll have an answer for anything and everything as I'm sure you will as well. Whats probably most important is that Americans learn to invest and learn it ASAP. As you know, there is no get rich quick scheme, but there are common sense moves we all should be taking and discussing.

I'm wondering if I should start pulling out of gold. I've found I'm overly invested in it right now and a little nervous about. But I feel certain it'll hit $1200 if not $1500. Perhaps it's time to start selling off a few shares. (Hmmmmm but where to put them?)

[lyngraphics]

The economy in my area is actually very good. They are building thousands of new houses and there are no signs of them stopping!

[jds6958]

I agree. I'm focusing on the micro aspect -- the individual investor. Yes, as inflation cuts my dollar away, a gold investment gives more than I'm losing.

As for those non-farmers, they could very well be investing in agriculture etc. and making up for the increase in food prices.

As you can see, I'll have an answer for anything and everything as I'm sure you will as well. Whats probably most important is that Americans learn to invest and learn it ASAP. As you know, there is no get rich quick scheme, but there are common sense moves we all should be taking and discussing.

I'm wondering if I should start pulling out of gold. I've found I'm overly invested in it right now and a little nervous about. But I feel certain it'll hit $1200 if not $1500. Perhaps it's time to start selling off a few shares. (Hmmmmm but where to put them?)

And I think that is the key difference. Your perspective is from the individual investor. I am speaking solely of macroeconomics. If I was speaking solely of my individual investor point of view, then I expect to come out extremely ahead. I have little concern for myself. I am knowledgable, connected, and aware enough to provide me piece of mind. I have concern for others who are not too sure what is going on. I know that you continously research and do your own DD as well. I can see why you have less concern, especially if you have a gold position. I think most people on this board approach things from a wholistic macro point of view (myself) and/or the subject is rather foreign to them and it can be a little intimidating. I think we somewhat differ on the seriousness, capacity, or potential of this current crisis but regardless of the outcome, I think you will weather it just fine.

Gold will hit $1500 regardless. I am comfortable holding gold as long as the Fed keeps "fighting" this recession. Once gold is comfortably over $1k the real fun should begin. The CB's are putting up a rather good fight to keep it down though. I have moved all of my cash assets into gold late last year. I am not the least bit nervous. I would be somewhat nervous holding ETF's but that is a different story.