Recevez notre Marketbriefing
In the same category
Peter C
Member since May 2012
35 commentaries -
0 followers
has posted a comment on the article :
>Reference Point: Gold - Update #2 - FOFOA - FoFOA
Dear Mr Ash
Albeit your math may be temporarilly correct, I do not agree with either your premises or principle attempt to delay inevitable disaster of the U$D. Unless I am grossly mistaken, EVEN IF U$370B was added to the asset column of America's balance sheet - it only RENTs a month or so of additional time before Reckoning occurs.

What happens to the U$ economy and U$D at the end of this short interval of temporary economic respite ?

Better still - What message will be sent into FX and bond markets ?

Is monetizing Au at U$1450 short sighted and possibly damaging - as compared to resetting PM value based on floating market demand ?

If America re-values Au to either a new fix at U$1450 or a floating rate driven by international demand - will this valuation change also result in propelling all PM generally into the stratosphere ???

It would appear moot - the U$D needs more than aspirine for a headache - BECAUSE IT HAS TERMINAL CANCER.

Looking forward to your RSVP.

Peter Carson
cansteel1978@yahoo.ca


Commented
4900 days ago
-
Send
Beginning of the headline :With gold near its all-time high, it's time for anotherEurosystem MTM party. And just maybe, there is a timely message here for Congress and the U.S. Treasury. Yesterday President Obama vowed to veto the Republican's short-term spending bill, and today Washington is facing a possible full-on government shutdown in less than 26 hours when the cash funding runs out... Read More
Reply to this comment
You must be logged in to comment an article8000 characters max.
Log in or Sign up
Top articles
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.