play against the USD and inflation. When the First Time Home Buyers credit expires reducing the demand for home, and the government stops buying mortgages witch will raise mortgage rates reducing the demand more. The 2nd wave of Real Estate meltdown will come. Commercial loans are next to default. and whats stabilizing the economy right now. The governments stimulus to get you to spend. and when that ends what next. India plans to buy more gold along with china planing to hold more gold the the US by the end of the next decade.
. The global meltdown forced many govt's to overextend themselves into uncharted territory. Trials and tribulations in Dubai with delaying debt repayments, the UK debt is 100% of UK's GDP, the USA's debt is TRILLIONS and climbing, Spain and Greece on credit watch for possible downgrades ... probably won't happen ... But
Russia's Central Bank taking 30 tonnes of gold that Russia was contemplating selling into a declining market ... why? Looks like they see gold prices going higher.
Interesting tidbit: All the gold ever mined on the planet would fit into two olympic sized swimming pools ... soooo, what is the USA doing with all the extra (empty?) space at FT. Knox?
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. The global meltdown forced many govt's to overextend themselves into uncharted territory. Trials and tribulations in Dubai with delaying debt repayments, the UK debt is 100% of UK's GDP, the USA's debt is TRILLIONS and climbing, Spain and Greece on credit watch for possible downgrades ... probably won't happen ... But
Russia's Central Bank taking 30 tonnes of gold that Russia was contemplating selling into a declining market ... why? Looks like they see gold prices going higher.
Interesting tidbit: All the gold ever mined on the planet would fit into two olympic sized swimming pools ... soooo, what is the USA doing with all the extra (empty?) space at FT. Knox?
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