muses of the moment

August 27, 2013

Gold trading above $1400 today

Filed under: Gold and Silver Investing, Precious metals — totallygroovygirlfriday @ 5:57 pm

Click here for Jesse’s comments from Cafe Americain. Very important long term thoughts on gold!

From Jesse:

This is about much more than gold and silver. This is about a major, an historic change in the composition of the world’s global currencies and trading system. The dollar regime that has been in place since the end of World War II is undergoing a major change.

If there is anything that shocks me, it is how few economists understand it, or even realize it. I suppose that is how it is when the big things occur. Most of the operational people are left staring at the old paradigms, and wondering why their models are malfunctioning.

1 Comment »

  1. Finally gold has broken the $1400 physiological mark. I think that the rising demand for physical gold during the price fall has contributed to this rise. China, Russia and other countries from the East are busy buying gold like crazy. And with the looming conflict between the U.S and Syria, market conditions are looking up for gold. Analysts that said that gold would slump to the $1000 mark are probably having a second view on the overall outlook for gold this year.

    Comment by Max — September 3, 2013 @ 5:12 am

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