Anyone know why gold and silver are skying?

[screembloodymurder]

It's unusual for gold to go up when oil goes down. What's up?

[ananda]

1. Because stocks are down?

nt

[speedoo]

2. Probably accelerating loss of faith in the dollar.

Everyone with a rudimentary understanding of economics can see that the Coward's so called economic policies are devaluing the dollar's strength in a big way.

[chelsea0011]

3. Can gold ever not be valuable?

Can we wake up some morning and gold, diamonds, silver et. al mean nothing of value?

[Birthmark]

4. Um, let's see...

...could it be because the American economy is about to tank? Yeah. That's it.

[Shoeempress]

5. Ding, Ding, Ding, we have a winner,

or do I mean another one of us losers who is about to be f'd big time by chimpster and his cabal.

[Birthmark]

6. I'll be fine.

Food, *some* money, ammo. I'm set for about a year or so. After that, things could get dicey. I guess I could go cannibal. :puke:

[midnight armadillo]

13. I need 18 months

That's the date to be credit card debt free for me...

[leveymg]

7. It has to do with the velocity of the ground rushing up before the. . .

U.S. Economy crashes

[Kukesa]

8. Well then, that settles it! n/t

[screembloodymurder]

11. I think you missed a term.

* X 2 terms = ##**###!!!!

[leveymg]

15. CHAOS THEORY: (43X86=OK) (43 2 2008 =86USA)

[screembloodymurder]

20. It's the quantum chaos theory.

Everything was just a probability before W. Now the shit hits the fan.

[Totally Committed]

9. This happens when the people don't trust the currency.

We are mortgaged to the high heavens (and China) to pay for Bush's tax cuts AND the war AND Katrina/Rita, the NYSE does not look very good, so people go out and convert their money, stocks, bonds, and other paper to precious metals. It's not a good sign.

[Totally Committed]

10. This happens when the people don't trust the currency.

We are mortgaged to the high heavens (and China) to pay for Bush's tax cuts AND the war AND Katrina/Rita, the NYSE does not look very good, so people go out and convert their money, stocks, bonds, and other paper to precious metals. It's not a good sign.

[screembloodymurder]

18. How can I protect my family?

This is serious.

[incapsulated]

12. Bad Moon Rising

Not good news.

[EnfantTerrible]

14. The US dollar is %40 over valued because OPEC

values oil in US dollars. Foreign countries have been converting their US currency to Euro amid rumors that OPEC is going to switch to the Euro as it's standard. Perhaps we are seeing the effects of our foreign policy. Investors would rather go back to precious metals since oil is so unstable. Just a thought... I know nothing about this, really. Pure speculation.

[Shipwack]

16. Another factor...

Not to say that anything above is wrong or right...

I saw on CNN International that one reason is that this is the Indian "Wedding Season", so these commodities are more in demand this time of year.

They also claimed that the Chinese consumers have more discretionary spending of late, and are buying luxury items...

Just food for thought... :shrug:

[Jim__]

17. Gold is a hedge against inflation.

A lot of signs are pointing to coming inflation.

[King Coal]

19. This is nothing. It will hit $660 before 12 months has passed.

[slackmaster]

21. They're being pushed by the usual fear-mongers

It's all paranoia and speculation. Invest at your own substantial risk.

[LiberalEsto]

22. Well Ed Schultz is pushing gold on the air

on his progressive talk radio show