gold - shiny hard yellow stuff

  1. 13,126 Posts.
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    Useful for .......??? Energy is more precious than gold!

    China, Japan, India, and Russia will be panicking at this downward market trend. They bought a bucket load of greenbacks last year to prop up the US currency so exports were not hurt. They then bought up big in gold with their greenbacks to get those paper notes working(ie gold to US$480 an ounze). This is panick selling on a national level, not investor level. This could have major ramifications for the US economy as there is no longer perceived to be a safe investment for greenbacks owned buy foreign governments. I am predicting freefall for the US dollar. Watch this space! Vewy Vewy closely
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