Gold $673.70 Oil $74.82

[acmejack]

What shall today bring for the beleaguered USD?

edit: http://www.kitco.com/

[greekspeak]

1. Add in there that the dollar is basically backed by the govt's word...

That won't help, and I doubt that most Americans know about that.

[DoYouEverWonder]

2. Gold has gone up $150

in the last month.

Why isn't this national news?

[laheina]

3. That does seem odd.

Does anyone know about the economic causes and repercussions of such an occurrence?

[DoYouEverWonder]

5. Actually, it's gone up $100 in one month

I just took a peek at the London Gold Fix table for this year.

http://www.lbma.org.uk/2006dailygold.htm

It's gone up $150 since the beginning of the year.

[Cassandra]

6. I'm trying to price some pieces for a customer...

and have redone my pricing 4 times (I reprice every $50). I went more than 10 years without changing prices; this is ridiculous. My caster, by the way, is rather nervous.

[DoYouEverWonder]

7. Yep, for the last 10 years the price of gold

has been reasonable and relatively stable.

However, since BushCo started their War on Everything. The price has skyrocketed. Of course the M$M refuses to pay attention.

[Cassandra]

9. I have some designer friends who buy gold in euros...

and they've had much more steady prices, so it's really not that gold (and oil) are going up but that the dollar is going down in value.

[acmejack]

4. I would really like to know.

Since it is directly equivalent to a devaluation of the dollar. I have been liquidating dollars since they are basically worthless or soon shall be. How can you hold them, at least buy something now.

[sendero]

8. I wish I could do more....

.... I've bought some gold and silver, but I wish there were more ways to hedge other than just buying stuff.

[Danascot]

11. Look for STOCK MARKET WATCH on DU

You can get great current financial info every weekday right here on DU. Look for a post titled STOCK MARKET WATCH,(date) posted between 6 am and 7 am daily. Here's today's:

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x2260668

If you read regularly, you'll gain a good understanding of the trends and forces behind market moves and get some ideas about what to do about it.

My short list of what to invest in: Precious metals, natural resources, global & emerging markets

[Neil Lisst]

10. where are the paper tigers who scoff at gold?