With all the recent volatile stock market activity one thing appears constant. Stocks go down, Gold goes up. Stocks go up, Gold goes down. I think I could buck that trend by simply purchasing some gold bullion. At that point it would tumble back to reality, which might be in the $1000 an ounce range, and life would be back to normal.
With everything going on in the world financial markets I guess the real question is.......Is there a normal and is there a proven structure that creates harmony and calm for most of the 6 billion inhabitants of our beautiful planet?
AT THIS POINT IN TIME.........PROBABLY NOT!
Today Gold is $1773.00 an ounce. That Rolex watch your granddad left you 20 years ago is now worth 80% more than it was one year ago. On August 10 2010 Gold was $1200. In 2007 it was $600. The gold filings inside your mouth are now part of your portfolio.
Jewelry stores are suddenly becoming buyers and not sellers.
Watch stores are busy for the wrong reasons.
I think there needs to be a consistent value of Gold for calmness to exist....and that consistent value should be around $1000 an ounce.
Of course Gold fever is one of the oldest known fever's on the market and history clearly shows that people have truly gone nuts over the chance to possess the shinning mineral.
Would you rather own five ounces of Gold or five shares of Apple stock?
The pundits say.....get 2 ounces of gold, 2 shares of Apple, a few Muni's, one Treasury note and keep the rest in cash.
I think most people are just trying to pay their mortgages and their rent and keep food on the table. The optimum word is MOST. It's obviously a numbers game and when you have 300 million people in a country than most likely 30 million are going to be doing extremely well during any period of time.
The problem appears to be that 1% seems to have accumulated 90% of the wealth. That's 3 million not 30 million.....and those 3 million people are laughing and looking for second homes and trying to figure out how to avoid any tax liability.
The statistics on this problem are extremely close to the statistics of 1928. An imbalance of have and have not's is a bad thing for a free enterprize system.......actually it's a bad thing for any system.
Let's get something straight.....I think wealth is good and in our scio-economic political system...it's the thing that drives the bus. But the bus is full of passengers and those passengers can't all drive their own bus. The wealthiest people tell you that it's possible for everyone to drive their own bus but that's because they discovered some method that helped them buy a bus.
Not everyone can figure out how to own their own bus so they end up with a nice used car that holds four or five family members. And each one of those family members wishes they were driving the car......except of course for great grandma and grandpa who just don't like to drive anymore because people just won't get out of the way.
Of course then there's the people who are riding the bus because that's the only way to get around.
Do you think any of those people riding the bus give a rat's ass that Gold is $1733 an ounce?
270 Million people have no ability to buy gold at $1733 an ounce.
30 million can get a few ounces and 3 million people can do whatever the fuck they want.
If you are one of those 3 million people than you need to realize that Gold should be around $800 to $1000 an ounce. And you need to realize that people should not be starving anywhere on the Planet and you need to realize that it can all go away if more people don't participate in learning how to drive the bus....even if they can't own one.
The Middle Class appears to be shrinking and that's the worst thing that can happen to the United States of America.
An imbalance of wealth and a reduction of the Middle Class is a formula for disaster.
I think America has the fortitude and the moxie to figure out the solution. I think America will discover how to reintroduce manufacturing and service sector jobs to the American public....and do it within our borders.
I just thing it's who we are.
But I think Gold needs to calm way down......just like oil needs to be around $60 a barrel....Gold needs to be under a $1000.
Everything seems chaotic when oil is over a $100 and Gold is approaching $2000.......
Maybe everything is just basically chaotic in and of itself. In that case.......ouch!
Stock prices are based on human successes and failures.........Gold prices are based on ???????
How far is ???????? going to take Gold?
$5000?
God help us if that happens!
Michael Timothy McAlevey
With everything going on in the world financial markets I guess the real question is.......Is there a normal and is there a proven structure that creates harmony and calm for most of the 6 billion inhabitants of our beautiful planet?
AT THIS POINT IN TIME.........PROBABLY NOT!
Today Gold is $1773.00 an ounce. That Rolex watch your granddad left you 20 years ago is now worth 80% more than it was one year ago. On August 10 2010 Gold was $1200. In 2007 it was $600. The gold filings inside your mouth are now part of your portfolio.
Jewelry stores are suddenly becoming buyers and not sellers.
Watch stores are busy for the wrong reasons.
I think there needs to be a consistent value of Gold for calmness to exist....and that consistent value should be around $1000 an ounce.
Of course Gold fever is one of the oldest known fever's on the market and history clearly shows that people have truly gone nuts over the chance to possess the shinning mineral.
Would you rather own five ounces of Gold or five shares of Apple stock?
The pundits say.....get 2 ounces of gold, 2 shares of Apple, a few Muni's, one Treasury note and keep the rest in cash.
I think most people are just trying to pay their mortgages and their rent and keep food on the table. The optimum word is MOST. It's obviously a numbers game and when you have 300 million people in a country than most likely 30 million are going to be doing extremely well during any period of time.
The problem appears to be that 1% seems to have accumulated 90% of the wealth. That's 3 million not 30 million.....and those 3 million people are laughing and looking for second homes and trying to figure out how to avoid any tax liability.
The statistics on this problem are extremely close to the statistics of 1928. An imbalance of have and have not's is a bad thing for a free enterprize system.......actually it's a bad thing for any system.
Let's get something straight.....I think wealth is good and in our scio-economic political system...it's the thing that drives the bus. But the bus is full of passengers and those passengers can't all drive their own bus. The wealthiest people tell you that it's possible for everyone to drive their own bus but that's because they discovered some method that helped them buy a bus.
Not everyone can figure out how to own their own bus so they end up with a nice used car that holds four or five family members. And each one of those family members wishes they were driving the car......except of course for great grandma and grandpa who just don't like to drive anymore because people just won't get out of the way.
Of course then there's the people who are riding the bus because that's the only way to get around.
Do you think any of those people riding the bus give a rat's ass that Gold is $1733 an ounce?
270 Million people have no ability to buy gold at $1733 an ounce.
30 million can get a few ounces and 3 million people can do whatever the fuck they want.
If you are one of those 3 million people than you need to realize that Gold should be around $800 to $1000 an ounce. And you need to realize that people should not be starving anywhere on the Planet and you need to realize that it can all go away if more people don't participate in learning how to drive the bus....even if they can't own one.
The Middle Class appears to be shrinking and that's the worst thing that can happen to the United States of America.
An imbalance of wealth and a reduction of the Middle Class is a formula for disaster.
I think America has the fortitude and the moxie to figure out the solution. I think America will discover how to reintroduce manufacturing and service sector jobs to the American public....and do it within our borders.
I just thing it's who we are.
But I think Gold needs to calm way down......just like oil needs to be around $60 a barrel....Gold needs to be under a $1000.
Everything seems chaotic when oil is over a $100 and Gold is approaching $2000.......
Maybe everything is just basically chaotic in and of itself. In that case.......ouch!
Stock prices are based on human successes and failures.........Gold prices are based on ???????
How far is ???????? going to take Gold?
$5000?
God help us if that happens!
Michael Timothy McAlevey
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