tag:blogger.com,1999:blog-502356674750161309.post3929884682550845307..comments2008-11-24T15:10:06.851-08:00Eric deCarbonnelhttp://www.blogger.com/profile/08023745289801416061noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-502356674750161309.post-87943242010582915282008-11-05T09:03:00.000-08:002008-11-05T09:03:00.000-08:00"Currency collapse??? What has this guy been smoking???"<BR/><BR/>Fair reaction, but I stand behind my prediction and the general timeframe. I believe we are past the slow and steady phase of the decline in the market and economy (9 months of less than 100,000 job losses), and that the downward spiral will intensify quickly now. All the recent economic data backs up this view, with the latest being ADP reporting private employment fell 157,000.<BR/><BR/>For more detail as to why I believe there will be a currency collapse, click on the label "currency collapse" and read my entries on the subject.Eric deCarbonnelhttp://www.blogger.com/profile/08023745289801416061noreply@blogger.comtag:blogger.com,1999:blog-502356674750161309.post-2665842457609373542008-11-05T08:05:00.000-08:002008-11-05T08:05:00.000-08:00Currency collapse??? What has this guy been smoking???Richardhttp://www.blogger.com/profile/04142354121150673681noreply@blogger.comtag:blogger.com,1999:blog-502356674750161309.post-15476492784654122032008-10-28T21:46:00.000-07:002008-10-28T21:46:00.000-07:00&quot;I own a big portion of my assets in the gold ETF. It owns real gold as reported by Kitco but does not reflect the price of physical gold if you were to purchase it at a $400/oz markeup. Is that correct?&quot;<BR/><BR/>Correct. The gold prices for 2008 1oz gold buffalo are averaging over 1,200 today. That is nearly a 500/oz markeup. Use the link below to check the prices yourself.<BR/><BR/>http://completed.shop.ebay.com/items/_W0QQLHQ5fCompleteZ1QQ_sopZ1?MA2ShowItems&amp;_trksid=m270.l1313&amp;_fromfsb=&amp;_nkw=2008+gold+buffalo+50&amp;_osacat=0&amp;_odkw=2008+gold+buffalo&amp;_sacat=0&amp;guest=1<BR/><BR/>ETFs buy gold at the spot price which (for now) is very close to COMEX prices. So when the spot price breaks with COMEX prices, ETFs will experience a sharp move upwards.Eric deCarbonnelhttp://www.blogger.com/profile/08023745289801416061noreply@blogger.comtag:blogger.com,1999:blog-502356674750161309.post-60899144382080192052008-10-28T15:42:00.000-07:002008-10-28T15:42:00.000-07:00I own a big portion of my assets in the gold ETF. It owns real gold as reported by Kitco but does not reflect the price of physical gold if you were to purchase it at a $400/oz markeup. Is that correct?<BR/> <BR/>I guess it is a paper valuation of physical gold. Or is it?tarenfrohttp://www.blogger.com/profile/00815244778796236153noreply@blogger.comtag:blogger.com,1999:blog-502356674750161309.post-14171477006222255542008-10-27T19:57:00.000-07:002008-10-27T19:57:00.000-07:00"i am interested in some more information of the soon to come currency collapse, and what you think will set it off."<BR/><BR/>I believe a surge in gold prices is what will trigger the US dollar collapse. The brutal selloff in the market last month began when an unexpectedly large number of investors asked hedge funds for their money. The surge in gold prices will happen when an expectedly large number of future holders request delivery of their gold (money).<BR/><BR/>Check my new post for the full explanation:<BR/><BR/>http://www.marketskeptics.com/2008/10/why-collapse-of-comex-gold-market-will.htmlEric deCarbonnelhttp://www.blogger.com/profile/08023745289801416061noreply@blogger.comtag:blogger.com,1999:blog-502356674750161309.post-76729102050949171262008-10-27T14:44:00.000-07:002008-10-27T14:44:00.000-07:00the dollar will not come out of this mess. this deflationary measure was predicted to happen right before hyperinflation... debts are being called in and bought which is causing a rise in the dollar even with the crisis. no fiat currency could survive the debt that the US dollar has contracted. Those who put their faith and money into the dollar will regret doing so very shortly.Chrisnoreply@blogger.comtag:blogger.com,1999:blog-502356674750161309.post-36989888463017110042008-10-27T14:33:00.000-07:002008-10-27T14:33:00.000-07:00Though there can be no question the US is at fault for the domino collapse of markets around the world, paradoxically isn't it the dollar that stands to come through stronger as the rest of the world has to put its faith in a reserve currency and in the throws of US hegemony there is no better choice?Alissahttp://www.blogger.com/profile/01985894061581470531noreply@blogger.comtag:blogger.com,1999:blog-502356674750161309.post-79660479504574780362008-10-27T14:06:00.000-07:002008-10-27T14:06:00.000-07:00whatdoesitmeam.com has proven time and time again to be utterly false... now, there are some good things on the site, but everything on their should be taken with an enormous grain of salt. But i agree everyone should prepare for a hyper inflationary depression and also for martial law as it is just a matter of time, but thats the big question, when?Chrisnoreply@blogger.comtag:blogger.com,1999:blog-502356674750161309.post-33969200941808702312008-10-27T13:30:00.000-07:002008-10-27T13:30:00.000-07:00Remember Germany? Same group and similar plan. Whatdoesitmean.com has free international news concerning the US. Get ready for the north american union and rescue currency amero. Research and prepare for martial law. Blessings, the remnantthe remnanthttp://www.blogger.com/profile/04810988216858511417noreply@blogger.comtag:blogger.com,1999:blog-502356674750161309.post-79296584110212106642008-10-27T12:16:00.000-07:002008-10-27T12:16:00.000-07:00very good article, but i am interested in some more information of the soon to come currency collapse, and what you think will set it off. I understand the house of cards, if you will, of an economy we currently have, credit, derivatives, etc, and how at some point they will all fall and hard, but what makes you think we are with in a month of this catastrophe? And also when this happens, what do you believe will then happen here in the states?Chrisnoreply@blogger.com