Group of 20 vows to avoid currency devaluations

Discussion in 'Stock Market' started by KissMy, Oct 23, 2010.

  1. KissMy
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    KissMy Free Breast Exam

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    This could cause a huge drop in Gold Prices.

    Group of 20 vows to avoid currency devaluations.
     
  2. Baruch Menachem
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    Baruch Menachem '

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    When they do this, usually what happens in the renege in the next week. So we will be seeing competitive devaluations over the next several months. Except from China. Which for its own reasons artificially overvalues its currency.

    So this is a good time to dump currency and go for gold. The more they talk of their being honest, the faster you count the silver.
     
  3. KissMy
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    Yea, Thats true. I should wait until gold drops a hundred & buy it up in the low $1,200 range. Pile on more silver while I'm at it.
     
  4. KissMy
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    Wow Gold is up $11 & climbing in the first few hours of overnight trading in foreign countries. The ink is not even dry on the G20 agreement & people do not believe it or governments are violating it.
     
  5. Baruch Menachem
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    Baruch Menachem '

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    I would change the sentence " The ink is not even dry on the G20 agreement & people do not believe it or governments are violating it" to " The ink is not even dry on the G20 agreement & people do not believe it and governments are violating it"
     
  6. KissMy
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    Apparently you are correct.

    Gold is up $35 from Fridays low. Silver & Crude Oil are also soaring. Geithner & this Administration have proven once again that they will lie straight to your face. The dollar dropped to the mid 76 levels.
     
  7. KissMy
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    Rick Santelli just announced the US Dollar just made record lows.
     
  8. Mad Scientist
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    Mad Scientist Feels Good!

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    This just means there will be currency devaluations. The Fed is going to print more money and inflation will result.
     
  9. editec
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    editec Mr. Forgot-it-All

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    HOW?

    How do they offically DECLARE a lower valuation and WHY would the market give a fig about that offical pronouncement?

    Seems to me the government propose but the MARKET disposes.

    What am I missing, here?
     
  10. william the wie
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    william the wie Gold Member

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    QEII to the rescue of my portfolio.
     

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