Gold: $470.60/oz

[Kat Kanning]

Buy what?

[Russell Kanning]

Rodney Dangerfield voice "ok then .... Sell"

[Kat Kanning]

Are those my only choices?

[AlanM]

Are those my only choices?

Hold. Silver, gold, or in your case, Russell and/or Kira. 

[Kat Kanning]

Now there's an option I like!

[Michael Fisher]

Gold 528
Silver 9.01

Wow...  Oil is inching up as well!

Nymex Crude Future:  62.45

http://www.bloomberg.com/energy/

[Russell Kanning]

I feel like the $s in my wallet are going down.

[Michael Fisher]

I feel like the $s in my wallet are going down.

They are.  At a rate of about 10% per year at the current time. 

Eliminating my dollar-denominated assets is beginning to sound like a good idea.

[Pat McCotter]

Gold 528
Silver 9.01

Wow...? Oil is inching up as well!

Nymex Crude Future:? 62.45

http://www.bloomberg.com/energy/

This was in large part because of the Russiua/Ukraine natural gas "disagreement."

[Michael Fisher]

Au:  $545.80
Ag:  $9.17

[Michael Fisher]

What inflation?   ???

[Michael Fisher]

Au:  $556.50
Ag:  $9.09

25-year high.

Rumors that China will further devalue the Yuan from the USD but the main reason they're holding back is because it will destroy our economy.

What economy?  We make nothing!

[Kat Kanning]

Gold 623.10

[Russell Kanning]

What economy?  We make nothing!

Most of the food I ate today was grown in this country.
...... wait a minute .... who is "we" Mike?
Does it really matter what country your stuff is made in?

[Michael Fisher]

Gold 623.10

Gold doesn't trade on the weekends, silly.   

What economy?? We make nothing!

Most of the food I ate today was grown in this country.
...... wait a minute .... who is "we" Mike?
Does it really matter what country your stuff is made in?

Yes it does, unfortunately.

We have to ask ourselves where the valuable stuff we see around us comes from, who's making it, and what hard work we've done to earn it from them.  The American workforce does not add a lot of value to the rest of the world.  We are a massive drain on the global economy.

The reason we get away with it is because the US dollar is the world's reserve currency - bureaucrats type digits in a computer and new money suddenly exists.  When the world realizes this, they'll dump our currency, our economy will collapse, and the rest of the world will be much more wealthy than it is now.  They will be able to use what they make rather than selling it to the US for fake money.