General Discussion
In reply to the discussion: Obama is in a mess! [View all]Did I Just Type This
(77 posts)Forget about buzzwords and especially fictional descriptions. A "jobless recovery" is not an economic recovery. I am an investor and there is only one item you honestly need to watch, no joke it is that simple. The price of gold is the measuring stick for the global/U.S. economy status. The price of gold is STILL hovering around $1,575 to well over $1,600 an ounce. This is a big concern to investors, this means that investors, both domestic and foreign would rather dump their commodity investments into an inflated gold price rather than real estate and commercial bonds. Until this figure drops down to or below $667 dollars an ounce the economy is primed for an inevitable crash/correction. The adjusted and realistic price should be $450 an ounce, but the dollar has lost an incredible amount of value. Has anyone noticed that the Canadian dollar is equal to or greater than the value of the U.S. dollar. This is alarming, Canada has done nothing to increase it's value, this is all AA rating/deficit related. Canada has always (on a good day) been assumed to be between 25% AND 30% below the value of the USD.