OK I have been doing a lot of research and I came across this, Its sort of long, but A MUST to understand what is going on with the dollar and world currencies.
Ever heard of Tulip Mania? Well take a look, read it, then comment..
http://www.google.com/url?sa=t&sour...sg=AFQjCNEIoOVfpHppRPqOdZjQGMdGziFqog&cad=rja
Wow, I had heard of it but did not pay attention. Now I am.
Also, I was thinking about something, in late 2008, folks and countries FLOCKED to the dollar, couldn't get enough. It was the stable one.
Is it now? We are 14 trillion in debt, but fully 2/3 of that is owned by US. Can someone possibly be long on the dollar right now? I am not but now I wonder just what the heck is going on.
I had thought Australia was in good shape, low debt, lots of natural resources and then I read this...
Australia's "Tulip Mania" About to Crash by Mish
Maybe we have given up on the dollar to soon. You see I remember the fall of 2008, it was scary, damn scary. the Dollar was the place to be.....or was it? In mid 2008 gold was around $700, today its $1400.
In Australian dollars, gold was $900, now its $1400
In Euros it was $600, now its $1000
In Yen it was $80k yen, now its $120k
In China it was $5k Yaun, now $9K
Is the dollar really that bad? Are we buying tulips when we buy precious metals? I think not, but it sure is a point to ponder no?
Take a look for yourself at this site:
Gold Price Top Left corner
Some interesting thoughts for sure, and I am going to add another link that I am not through reading yet but it has folks from outside the USA in the comments.
Advice about buying silver
And one of the things I do remember was the 1980's and Silver.
"Started buying when it was 6 USD/oz and stopped at 13 USD/oz. Anyone that lived thru and saw the fallout of the Hunt Bros move in the late 70s should have learned the lesson.
The FedGov stepped in and the price of silver went from 80 USD/oz to just under 4 USD/oz -- in less than a week, 3 days IIRC.
Read the above sentence again - then look up "tulip mania" -- just say'n, know what you are getting yourself into."
Posted by TacAir Dec 2010 from Alaska
This guy might be onto something...
Comments???
Ever heard of Tulip Mania? Well take a look, read it, then comment..
http://www.google.com/url?sa=t&sour...sg=AFQjCNEIoOVfpHppRPqOdZjQGMdGziFqog&cad=rja
Wow, I had heard of it but did not pay attention. Now I am.
Also, I was thinking about something, in late 2008, folks and countries FLOCKED to the dollar, couldn't get enough. It was the stable one.
Is it now? We are 14 trillion in debt, but fully 2/3 of that is owned by US. Can someone possibly be long on the dollar right now? I am not but now I wonder just what the heck is going on.
I had thought Australia was in good shape, low debt, lots of natural resources and then I read this...
Australia's "Tulip Mania" About to Crash by Mish
Maybe we have given up on the dollar to soon. You see I remember the fall of 2008, it was scary, damn scary. the Dollar was the place to be.....or was it? In mid 2008 gold was around $700, today its $1400.
In Australian dollars, gold was $900, now its $1400
In Euros it was $600, now its $1000
In Yen it was $80k yen, now its $120k
In China it was $5k Yaun, now $9K
Is the dollar really that bad? Are we buying tulips when we buy precious metals? I think not, but it sure is a point to ponder no?
Take a look for yourself at this site:
Gold Price Top Left corner
Some interesting thoughts for sure, and I am going to add another link that I am not through reading yet but it has folks from outside the USA in the comments.
Advice about buying silver
And one of the things I do remember was the 1980's and Silver.
"Started buying when it was 6 USD/oz and stopped at 13 USD/oz. Anyone that lived thru and saw the fallout of the Hunt Bros move in the late 70s should have learned the lesson.
The FedGov stepped in and the price of silver went from 80 USD/oz to just under 4 USD/oz -- in less than a week, 3 days IIRC.
Read the above sentence again - then look up "tulip mania" -- just say'n, know what you are getting yourself into."
Posted by TacAir Dec 2010 from Alaska
This guy might be onto something...
Comments???