|
Post by jeffolie on Mar 18, 2009 13:09:30 GMT -6
Gold and Silver were crashing until the Fed announced it would monetize by buying 3 to 10 Treasuries. Silver was bellow $12 and then rebounded over 60 cents in minutes. Gold bounced also.
If the Euro debt is monetized as well then the world will be off to the races in competitive devaluations via monetizing.
|
|
|
Post by unlawflcombatnt on Mar 19, 2009 0:41:01 GMT -6
Gold and Silver were crashing until the Fed announced it would monetize by buying 3 to 10 Treasuries. Silver was bellow $12 and then rebounded over 60 cents in minutes. Gold bounced also. If the Euro debt is monetized as well then the world will be off to the races in competitive devaluations via monetizing. So true. It's impossible to determine the value of the dollar at present, when compared to other major currencies. When all currencies are devaluing it's hard to measure how much a specific currency has actually lost, other than by comparing it with precious metal prices. A global currency devaluation should show up as a price rise in Precious Metals in all currencies. But then, manipulation of precious metal prices, especially gold, could even mitigate those price changes.
|
|