Mario Goveia wrote: > However, while we are waiting for that to happen, the Dow is up 40 points > in the last month, up 18% the past 5 years and up 44% the past 10 years.
Folks, There is a saying in Africa, "You usually get the leaders you deserve." The Dow index has increased 44% in the last ten years. All of that increase was accomplished when Bill Clinton and the Democrats were in power. They ran a Govt that produced a budget surplus, a strong economy and a strong currency. ?? ?? George Bush (43) introduced policies that have resulted in budget deficits, a collapsed financial sector and a rapidly depreciating currency. When George Bush (43) became President, the Dow was at 11,000 points. Eight years into his failed presidency, the Dow is at 11,000 points and in a crises mode. ?? ?? When George Bush (43) was sworn in, the US dollar was strong. It took only US $270 to buy an ounce of gold. It takes US $870 to buy that same ounce today. This is what happens to your currency when you consistently run budget deficits. What happens to your financial sector is even more interesting. US banks today have no capital and are almost bankrupt. They are depending on Govt guarantees to survive. Financial institutions from the rest of the world are going to great lengths to get rid of all their US based assets and currency. ?? ?? ?? ?? > Rishikesh, watch out for any "free" advice on Goanet. One expert advisor on > Goanet > recently told us that those who took his advice on the internet deserved > their fate. > That was when gold had hit $1,000 an oz. and he gleefully predicted in a > similar > "Off-topic" post that gold would go to $1,650 an oz. but without any time > frame > as to when. As you know the time frame of an investment is critical as to > it's > success. Gold closed today at around $870 and has been as low as $820 a > few weeks ago. Perhaps it will reach $1,650 sometime during my lifetime:-)) ?? ?? Mario, I do wish you a long life. However, even you, with all your rare diseases, will live to see gold at $1,650 as there is a finite amount of gold in this world. There is no limit to the amount of dollars the US govt has to print. The more it interferes in running companies, the more it interferes in the stock markets, the more money it has to print. More money in circulation results in only one thing. INFLATION. ?? The hedge against inflation is gold. ?? Mervyn3.0 PS. Here is the new Manchester United jersey that is available on Newt Gingrich's site. It sums up the fallaciousness of the current US administation. http://www.redstate.com/diaries/jeule/2008/sep/18/new-manchester-united-jersey/ __________________________________________________________________ Ask a question on any topic and get answers from real people. Go to Yahoo! Answers and share what you know at http://ca.answers.yahoo.com