Skol, over the mid term the USD is toast. But short term, I agree with the commentators that say the Greek and Euro side show has distracted the watchers from the main curtain... when the main curtain raises (the US debt and QE show)... the show will be spectacular indeed.
And along with the USD dollar toast, the US bonds will be burnt beyond recognition toast.
To be honest, on the huge gold uptick early last week, I moved about 20% into cash. Still at a nifty loss! So I am where I want to be now... about 1/3 cash - AUD cash.
I am gonna sit tight for a while.
USD... no way US bonds... no way
Why oh why would anyone give the US govt your money for 1.5% for a decade!
Skol, we are all trading in an environment where the macro news is not disclosed or out and out lies. For example, 'offical' news is China is buying heaps of gold. I wonder how much 'hidden' news there is.
And, Skol, you believing the cotton candy you are being fed by the US officials... well, bad luck. They are lying to you. It is NOT OK. But as long as the world thinks it is OK, people will foolishly prop up America by lending them money for free!
Skol, you know the Facebook guy who moved to Singapore - renouncing citizenship - because he felt the US govt was not a govt to live under. And the US is wanting to pass a law to 'go get him!'. America was created out of the tyranny of UK and unfair taxation. But now the US govt says 'its citizens' are OWNED by the govt. They are not allowed to LEAVE. And their 'stuff' can be confiscated under what laws they may pass.
Skol, I cant say if it will hit the fan in 1 year or 3 years or even 5 years. When it does hit the fan the USD will crash. The US bonds will crash. And 'eventually' gold will rise - as some country (likely China) will back their currency with gold.
In the meantime... we will all chat away here like we always do.
