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AuRico Gold Inc. Message Board

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  • fatfighter59 fatfighter59 Nov 15, 2012 4:29 PM Flag

    Tradeblazer, your thoughts on the price of gold?

    Well you didn't ask me, but just want to ask - what does people losing their jobs and business failures have to do with the "price" of the dollar (in terms of gold or anything else)? I suppose the fact that these people might be eligible for UI benefits thereby increasing government spending might have a small effect, but others are losing their benefits at the same time so it shouldn't make much difference. Besides, most government programs are just a teeny part of the budget although they like to act like they are significant. The military budget is significant. And its just too bad for the government that they have already spent (stolen) about as much of the Social Security money that they can. In any case, it doesn't seem unreasonable to expect $1800 or more gold as I don't see anything happening or about to happen that will make for a stronger dollar. Unless we actually are having deflation in spike of Bernanke's best efforts.

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