Gold keeps ascending on global markets

[lovuian]

http://feeds.bignewsnetwork.com/?sid=2899f7a88a932b9b

U.S. dollar weakness and fears of inflation sent gold futures up as much as $7 an ounce Thursday.

Gold for December delivery reached $475.90 an ounce on the New York Mercantile Exchange, an intraday level not seen since Sept. 22.

Also lifting the commodity was continued strong demand from China, India and the Middle East, MarketWatch reported.
more...

This usually doesn't bode well for the dollar and signals inflations!!!

[oregonindy]

1. one of those things on your to do list.

change fiat money for gold and silver.

[dcfirefighter]

2. maybe if you're a reactionary type

if you're a progressive, you should keep fiat money, and just stop letting private banks create it with debt. The US Treasury should create it, the public should enjoy the seignorage, and it shouldn't be associated with a debt. Quoth Th. Edison: "If the country can create a dollar bond, it can create a dollar bill". The only real sticking point is setting limits on the Gov't's ability to create money. It winds being a 4-500 Billion swing for our budget.

Full disclosure, I own a few shares of newmont mining (NEM), just in case.

[Born Free]

3. exchange it for the kids shoes...

these days the working class Americans can't worry about flat or gold, their paycheck to paycheck money goes for their kids shoes and other day to day necessities. Forget the fancy $5.00 coffees as well, that money goes into the car's gas tank to get to their jobs so they work to buy more of the day to day items needed to live...

[LaurenG]

4. My mothers broker thought

recession and told her to keep some liquidity. I am keeping my fingers crossed but with gasoline and heating fuel so high I doubt things will work out well.

[althecat]

5. Not all well.... boding that is....

There has long been a theory that gold breaking too high will lead to a derivatives meltdown and a banking crisis of somewhat epic levels...

We shall see I guess, soon

[leesa]

6. And the Bush Crime Family continues to cash in...

Nice to be on the BOD of the world's largest gold mine.