I love Gold….and Money

Happy Passover everybody!  Pretty much everybody was gone yesterday because of Passover, and the coming back in today, Gold has SKY ROCKETED to where it was last week.  Surprised?  No, not really.  I feel as though it will slowly increase back to 1200 dollars an ounce.  So we will see.  Gold buying has been CRAZY these past couple of days.  A lot of people have been coming in too with coins to sell.  But it’s been a busy week none the less.  The rain didn’t help that much either.

I have been following the mass buying of gold from China and India, and I found this article to be quite interesting.  How do we solve our debt problem?  Sell our gold to China!

As predicted, every precious metal price is rising according to here except for platinum.  There are major (and I do mean major) corrections to be made of the US economy.  We are pretty much broke for medicare, social security, but hey Health Care For All!  Housing market sucks because people don’t know how to add, but hey, I want to live in a nice house and literally work for nothing.

This is why you should stay in school kids

So, I posted some comments from ‘people’ who read the blog (which is not that many I know).  Some of these ‘people’ SWEAR that this one particular site is the best, and quite frankly, I know who these people are, and I know what they actually do on the street.

Lately, gold, silver, platinum have taken a down turn as the US dollar has strongly increased.  With the recent health care bill being passed, many people are now putting their bets on the US dollar to make a comeback.  Spend Spend Spend!  I’m more fiscally conservative, but who knows, I could be wrong (but it seems to have worked for me so far).  I have no doubt in my mind that pretty much all the precious metals will continue to rise due to the US economy’s unsustainable practices, but we have market fluctuations every once in a while.  I can almost guarantee that within the next couple of days (maybe by the end of the week), the precious metals will jump 20 dollars (i exaggerating…..a little).  Why do I make such loft claims?  A couple of things, 1) we are in MAJOR debt.  Most of our debt is own by Asia and the middle east.  Even though we are fiscally connected at the hip, it doesn’t mean they don’t have their own agendas.  2) Job creation is still VERY low, and the unemployment is MUCH higher than what we see in the news.  Job creation has been slow for the past half year, and even though the numbers say unemployment is under 10%, in truth it’s actually much higher.  Unemployment statistics are restricted by a certain time frame in which you are unemployed and if you are actively looking.  3) Up and coming nations are restricting the US dollar usage.  Most of the time, counties use the US dollar as the go to Bill paying, now a days, people have started using actual Gold.  China, India, and the all the big up and coming players have started to buy/use Gold as their go to bill payers.   This causes are hold on the world economies to weaken, and thus, weaken our dollar.

This isn’t a short term game any more, this is a long term game.  Who can survive the longest.

Comments?  Please?

Lately, Gold Silver Platinum have been going up and down like a roller coaster.  I still believe that the prices are going to go up, but gold is close to 1100, a low for a while.  I wonder what you guys, the internet, think about the price and why its on a roller coaster ride of going up and down.

Let’s see, within the past month, theres been a window falling from the sky, a passed out guy on the street, a fight between a garbage truck and a pedestrian, and now this?  WHAT THE HELL IS WRONG WITH YOU PEOPLE!  ACT CIVILIZED!!!!