Post by
goldhappy on Nov 26, 2014 2:42pm
Just Some Reading
I was reading an article a while back. It more less stated what many of us know. The USA dollar is not backed by gold like in decades past. Between the banks and their credit cards and mortgages there is enough smoke and mirrors to allow printing of paper money far into the future. Until some major trading partner refuses to take yanky money the printing of ink on paper and calling it money continues. There are signs countries are migrating back to gold. If the countries are broke how do they buy gold?? Is that a reason gold is somewhat bearish?? The stock market is at all time highs...is it now time to exit the market while the music is still at full volume. Not If, but when the market crashes or has a major correction maybe then gold will be in high demand and higher value.It sure seems rigged in the mean time. Getting to LSG...it is very strong and building. I see no reason to get out. One day gold prices will be higher and so will LSG's production. That is when I expect a return. Time line totally unknown.