To add to that - it appears that these days, more and more investors (individual as well as institutional) are viewing the USD as the safe haven instead of gold.
Gold was high and USD was weak before the credit crisis imploded earlier this summer.
However since then gold has been falling steadily and USD has gained strength.
The US debt that the rest of the world holds (including China, ME, etc.) are apparently more important to them than their gold reserves.

But if you are bullish on gold, just buy gold certificates.
Don't buy gold stocks - those are highly speculative (unless you have specific interests/beliefs in some particular metal companies).

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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."

-- Rhett Butler in "Gone with the Wind"

Isn't this interesting, eventhough the current redit/economic problems originated in the US but it did nto affect the dollar. In turn it affected other contries more than the US itself. The US dollar is held by China and maybe the cause of cofidence. any suggestions?

Quote:

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Originally posted by bc2on

Isn't this interesting, eventhough the current redit/economic problems originated in the US but it did nto affect the dollar. In turn it affected other contries more than the US itself. The US dollar is held by China and maybe the cause of cofidence. any suggestions?

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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."

-- Rhett Butler in "Gone with the Wind"

Quote:

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Originally posted by pratickm

Quote:

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Originally posted by bc2on

Isn't this interesting, eventhough the current redit/economic problems originated in the US but it did nto affect the dollar. In turn it affected other contries more than the US itself. The US dollar is held by China and maybe the cause of cofidence. any suggestions?

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Suggestions for what?

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Quote:

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Originally posted by jonav
I think he meant what's our say on USD going up despite the economic/financial crisis. Its hedging. If all currencies are down, gold is down, something has to be up and that something is USD.

Jona

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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."

-- Rhett Butler in "Gone with the Wind"

Quote:

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Originally posted by pratickm

Quote:

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Originally posted by jonav
I think he meant what's our say on USD going up despite the economic/financial crisis. Its hedging. If all currencies are down, gold is down, something has to be up and that something is USD.

Jona

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sure, and there are other reasons as well.
But what does it matter - the whole thing is in turmoil right now and the markets are being manipulated by govts and large corporations.
There is no single theory or past trend that can predict future movements.
Don't attempt to second guess the market, unless you have a shirt you don't care for anymore

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http://www.youtube.com/watch?v=YMVuD_in67M

E mere vatan ke logo.............

If you want to do something for our country, just dont support corruption or be part of it

This my brother sent me today from India!

Paanwala!

Chacha kaise ho?

Chacha: ab kya batau…. Bada beta share broker hai… doosara beta Jet Airways mein hai… teesra Software Company mein aur… Ladki investment banker hain…..

Sabse chhota Paanwala hai… Bus Wohi ghar chala raha hai!

Jona