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The value of gold is measured in US dollars. When the market collapses, and US dollars are worthless, how will the value of gold be measured? Vitamins? Calories? I hear gold is high in minerals.
four years ago, i knew 10 to 12 people who were unemployed (myself included). today, i can't think of a single acquaintance/relative who is out of work. i'm not sure what that means, but i am sure it is accurate. whats it like in your area? i live in the suburbs of philadelphia (quite the american utopia).
Maybe the US govt should melt down all the gold in Ft Knox, mold it into commemorative coins of barack obama, sarah palin, kim kardashian, snooki, whoever you like, then sell all the coins on HSN for a tidy profit. The influx of gold on the market would crush the value of it, so the govt could then buy back all the gol...more
Why not restore the pre-Bush tax rates for the highest 2% of earners for a negotiated period of time. Both sides can use the time to draw up specific details of a new tax code. It seems as if a deadline is the only way to get both sides to negotiate anyway.
If retail investors are moving back into stocks now, their timing is lousy. Now is the time to pull back, convert to cash, and wait for the fiscal cliff nonsense to blow over, right?
11/30/2012
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