Thread: Long Term: Buy and Hold

It is times like these when rational people wonder where the disconnect is between Wall Street and reports about GDP.

Last quarter the numbers indicate the rate of growth was over 4.25% So, if a rising tide raises all ships, how come the equity markets still indicate mundane returns thus far this year?

So, where is the problem? One problem is gold at $500 an ounce. There is a lot of people and banks buying it for the price to climb like that. No doubt the buyers are taking advantage of recent "strength" in the dollar and are dumping them to buy gold.

Not good.

Some measurements for billion are:

A billion seconds ago, it was 1959.

A billions minutes ago, Jesus Christ was walking the earth.

The US government spends $1 billion in less than 9 minutes.

Quips wrote:

So, where is the problem? One problem is gold at $500 an ounce. There is a lot of people and banks buying it for the price to climb like that. No doubt the buyers are taking advantage of recent "strength" in the dollar and are dumping them to buy gold.

Not good.

Gold at $500 and ounceis not a problem...unless a person doesn't have any

GoldIS a barometer measuring world confidence in paper currencies, world leaders, and corporate/government ethics.Goldat $500 an ounce is a vote of no confidence in all these areas.

It will be interesting watching the effects of the ECB 25 basis point rateincrease on the dollar and gold chartstoday.