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Message: JMHO

JMHO

posted on Sep 20, 2008 10:29AM

The US economy is not a pretty picture....it is in essence, very sick.

The actions of the past week have not provided a cure for the sickness. They have addressed some symptoms, treated sores and applied bandages....but the sickness is not cured. As one headline put it, they fixed the market [maybe, for now] but haven't fixed the economy.

That is why I believe gold is still the place to be. Short term, there may be a little settling back on gold as people are easily led into believing everything is good (and the efforts to make it seem so will be especially prevalent until the US election is over, IMO), but longer term I have little doubt that gold will become very valuable as the dollar continues to fail.

JMHO.

NorthLion

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