RE: RE: RE: RE: RE: Very ImpressedExactly: most of this is in the rear view mirror. It almost seems as though the press releases are purposefully subdued, and conservative. Are they trying to keep the price down low, to acquire an even bigger position? Not sure, but certainly possible and even logical.imo What I do think, is that gold is going higher over time, with volatility of course partly due to U.S. not wanting to see a wholesale run into gold away from their pathetic dollar. It IS pathetic, if one is objective: most in debt nation, debt getting EVEN BIGGER now by huge amounts, nothing indicating any REAL solutions to problems, and the trend is to monetize their debt.. Does anyone see a logical outcome here, other than a currency that moves down over time? What about their main industries: Auto, financial for example: Take the auto industry: does anyone really think the likes of GM, Ford, or Chrysler can compete under current debt, union wage agreements, pension promises and obligations, medical plans etc etc etc.????? Not to even mention the actual products they produce in terms of quality and competitiveness, with what Japan or Europe produces. In the end, it is actually quite simple: you either produce a competitive product in terms of quality and price, or you do not compete, have market share, or even exist. ANYTHING not solving those issues fails over time. You can throw all the money you want at this, and those fundamentals will still rule the day.IMO
The U.S. is in BIG trouble. They are like the UK when they went from "ruling the waves" to ruling not much of anything.IMO The UK, it STILL has investments and holdings all over the world, as WILL and does the U.S. It is a long and slow process winding down a super power. But, the big picture is they can't compete in many arenas any more. And even worse, are stuck in old ways of thinking, in terms of resolving these issues.IMO Just check out when the UK were the major ship builders, small car manufacturers, and leaders in MANY areas pre second world war. Sound familiar if you check it out, to the US now??? How about the solutions: lend losers money, protectionism leverage, etc. Not compete on a level playing field. Does ANYONE REALLY THINK this can or has EVER worked???
The U.S. can wave its flag, try to muscle its currency and lever its financial power. But in the end, guess what? Just like the pound sterling, it will not stop what they are heading for, baring a MAJOR change in their approach, to MANY things.And if all that was not enough, they insist on spending a fortune trying to police the world, and whether noble, honorable or not, they simply can't afford to do it. IMO
So where is the U.S. headed, and is it up or down? Up??? I DOUBT it is going to happen. Just look at the stats, they are stuck in the past, in their ways of thinking, education, science, work ethic, wages, reward for work, integrity and on and on. Like many before they just do not want to, or can't do what would actually get them moving forward. So expect them to opt for inflation, printing money, spending on EVERYTHING, when they are actually near bankruptcy. It HAS been the history of Empires to date. Result: gold ends up being the refuge of many all over the world. Nothing they can do on their paper markets can stop the acquisition of real gold bullion. So what you see now, shortage of REAL physical gold, while paper gold seems to manipulate this reality. Don't believe this is true? Try and buy some today. Go to companies selling coins, bars etc. Try and get delivery. This IS the reality, the rest is the fiction. IMO
Do not be fooled, this is a real crisis: and gold assets have a VERY good chance of skyrocketing in the near to medium term.IMO Think I am radical? Well consider carefully what I put forward, and ask, what if anything is incorrect. Think the new president is going to wave a magic wand and solve these enormous issues? Seems to me, as well meaning he may well be, that he is proposing to spend even more, and go into debt even more. Believe me, I would like it to work out like the fairy tales do. BUT, being OLDER and MAYBE WISER, have heard this stuff before. The hard part is ACTUALLY doing something that produces LONG TERM CHANGE to the reasons we got here in the first place. Do you see that happening???it. Lets see how the U.S. actually confronts: global warming (in particular Co2 output from them) , education (particularly in science and math), competitive structure of industries (like auto, where quality and price are bottom line), energy self sufficiency and conversion to sources that do not destroy our environemtn, along with reduction of current debt levels of almost EVERY sector. (gov, private, business). When I see that, EVEN starting to happen, then maybe I will change my viewpoint. Until then, the course is quite clear actually. More and even greater of what got us here in the first place.IMO
Talk is cheap: I say odds are unfortunately stacked against a long term solution which does not see gold, MUCH HIGHER, dollar MUCH LOWER, and U.S. economy finding it harder and harder to stay competitive and anywhere near the top over the long term.
HRG: higher over 2009 and much higher towards 2010.IMO
HRG: it may well join this rush into gold. Which is why I think Severstal bought it in the first place. Forget the short term BS.IMO