Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199


Search Gold Prices
Gold Price
[Most Recent Quotes from]
Our RSS Feed

Gold Updates by Mail

Enter your email address:

Follow Us on Twitter
« SILVERADO GOLD MINES LTD: Up 40% today | Main | Agnico Eagle Mines Ltd: A high Flyer! »

Gold: dangerous times!

As a top flight American delegation goes to china on a mission to save the once almighty dollar this is a dangerous time for gold.

The Chinese are sitting in a pretty good position at the moment with no real reason to grant the USA any of its wishes this Christmas. Here at gold prices we would like to see an orderly devaluation of the dollar not a dramatic dive as the financial world is fragile enough at the moment without getting a major kick in the teeth.

As gold bugs we want to see gold go higher but not at great expense to the masses. We must hope that this delegation is savvy enough to persuade China that a dollar crash is not in anyone’s interest. However should the dollar flirt with the ‘80’ level there will be those who will flee the dollar at any cost!

Stay with your gold stocks and hold on this may not be pretty and you do need to protect yourself from what is coming.

18 December 2006

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>