Personally I have also become a little concerned at how the US economy seems to be weakening. I think it is weakening because it was pump primed with extended record low interest rates and massive tax cuts etc. There are some nasty inherent weakneses in the US which I anticipate will make gold go though the roof. But can resource prices remain strong if the US does weaken?
from a previous post.
Well when the US$ weakens the price of goods will rise which will add to inflation & rising interest rates.When this has a bearing on growth in particular in China & India (big growth nations & big populations)then I expect demand for goods to slow & gold to be in big demand as paper money find another use a la Zimbabwe- bum wiping. Failing that scenario a trigger could be the derivative black hole, now won't that be fun. The rich who control(banks etc) or have much influence do not care when the bottom falls out of the markets as they then by up all the mortgaged bargains of the world.
That is why it is very advisable to have NO DEBT imho.
