Gold Hits Record Highs, US Economy "Collapsed"

[cowgirl4christ]

I believe that, after years of strongarm policies towards India, they (India) have no longer any reason to even deal with us, much less be an ally.

As for why the dollar hasn't dropped like a lead balloon, especially today, one must imagine that either...
                           a)  The dollars behind the gold purchase haven't entered the general marketplace, and are still "insulated" by being held by the seller, or
                           b)  The seller was, either directly or indirectly, an agent of the U.S. Government; therefore the dollars "bypassed" the general marketplace.

There are other possibilities, but these two are where I'd be watching.  Follow the money.
                                                           

If it's "b", then they just scratch it off the paper, right?  They can make money "appear" and they can make money "disappear?"

[Just A Clay Pot]

Yep.

I was flipping through the news channels this morning.  The spin is in full swing on CNN.  The only thing missing was pompoms.  If one was to believe the two minutes I watched the celebration, then we are all completely wrong.  The economy isn't just turning around--it is fully recovered, profits are just about to skyrocket, unemployment is going away, with jobs for everybody in just a month--maybe two at most.  And, free healthcare for the masses--we'll show those dirty doctors, nurses and insurance companies how worthless they are to healthcare.

Of course, there was no mention of the massive gold buy.  None of the "doom and gloom" stuff at all.  Just the message to get out there and enjoy the soon-to-be-delivered wealth and happiness, courtesy of your friendly messiah, Obama...

The REALLY frightening thing is...over half the country buys this, unwilling or unable to look at the cold, hard facts.  

[Molly]

India has been mistreated by the U.S. time and time again.

What affect does that have on this whole India dumping dollars for gold, by chance?  India is making some pretty dire accusations today saying that the US and European economies have collapsed.  What's up with that?

Now, I TOTALLY know I'm a complete economic MORON, (for some reason Bob, Jenn, and Jen, and even Molly think I'm brilliant).... but, the law of economics tells me that if there's too much of something, the price goes way down.  If there's too little of something, the price goes up.  Obviously, gold's prices are going up.  Sooooooooo, doesn't that totally drag down the value of a dollar?  Why didn't that "Indian exchange" KILL the dollar?

Cow, I don't understand all of this gold/dollar/market pricing either and look forward to Hal and Clay to learn more about it.

Clay, by using that Monopoly analogy some of this is starting to make sense.  Thank you.  You should be a teacher.

But Cow, I'm with you on Monopoly and Risk.  I played Risk twice and wanted to go flying out of the room after what seemed like about the 15th hour!

Is this kind of how you felt?

                       

[Tammy]

Molly and Cow my son loves to play risk.  He had the guys over this summer and they stayed up all night playing it.  I feel the some way you all do hate the game.

[JenGC]

Cow, I don't understand all of this gold/dollar/market pricing either and look forward to Hal and Clay to learn more about it.

Clay, by using that Monopoly analogy some of this is starting to make sense.  Thank you.  You should be a teacher.

But Cow, I'm with you on Monopoly and Risk.  I played Risk twice and wanted to go flying out of the room after what seemed like about the 15th hour!

Is this kind of how you felt?

Cow

[Jennifleur]

Moo?

[Just A Clay Pot]

OK, this is totally off topic, so forgive me, but...

How would you like to have a Monopoly strategy that, unless your kids/spouse/friends are VERY watchful, will result in winning most of the time?  You can spring this on them and BOOM!  

It is called the "Poor Man's Strategy."  Me and Nancy play a lot on Pogo, so I can't use it as often.  But, when I get it, she'll tell ya how well it works.

From start of game, aim for getting the light blues.  Make any necessary offers or trades, up to say 2-3X their purchase cost.  Yes, be willing to trade Boardwalk for Oriental!  Get the light blues at any cost!

Once you have that monopoly, sell or trade anything or everything needed to go straight to hotels.  Get the hotels on them ASAP.

Now, sit back and win.  

You see, statistically, the light blues get landed on more than most other colors.  They are cheap to build up, being on the low cost side of the board.  They are right out of the gate after anyone gets to "Go to GO."  They also are in the path for other cards like "Ride the Reading" and "Advance to Boardwalk".

Between the higher landing rate, and the rental of your hotels at $450/$600 (remember, you are going for hotels in the first few rounds of the game, while others are dreaming of long term goals), you can bleed the others dry over time.  Of course, after the hotels are built, use future rent money that you receive to buy every property you can grab.  But, don't rush into bad deals...you have time, because you'll have nice rents coming to ya.

Of course, the dice can make or break any strategy.  But, on an average day, this will win about 4 out or 5 times, usualy in under 20 rounds.

Quick and deadly Monopoly.  

[JenGC]

OK, this is totally off topic, so forgive me, but...

How would you like to have a Monopoly strategy that, unless your kids/spouse/friends are VERY watchful, will result in winning most of the time?  You can spring this on them and BOOM!  

It is called the "Poor Man's Strategy."  Me and Nancy play a lot on Pogo, so I can't use it as often.  But, when I get it, she'll tell ya how well it works.

From start of game, aim for getting the light blues.  Make any necessary offers or trades, up to say 2-3X their purchase cost.  Yes, be willing to trade Boardwalk for Oriental!  Get the light blues at any cost!

Once you have that monopoly, sell or trade anything or everything needed to go straight to hotels.  Get the hotels on them ASAP.

Now, sit back and win.  

You see, statistically, the light blues get landed on more than most other colors.  They are cheap to build up, being on the low cost side of the board.  They are right out of the gate after anyone gets to "Go to GO."  They also are in the path for other cards like "Ride the Reading" and "Advance to Boardwalk".

Between the higher landing rate, and the rental of your hotels at $450/$600 (remember, you are going for hotels in the first few rounds of the game, while others are dreaming of long term goals), you can bleed the others dry over time.  Of course, after the hotels are built, use future rent money that you receive to buy every property you can grab.  But, don't rush into bad deals...you have time, because you'll have nice rents coming to ya.

Of course, the dice can make or break any strategy.  But, on an average day, this will win about 4 out or 5 times, usualy in under 20 rounds.

Quick and deadly Monopoly.  

 So THAT'S why everyone is buying in the poor district....hmmmmm

[cowgirl4christ]

OK, this is totally off topic, so forgive me, but...

How would you like to have a Monopoly strategy that, unless your kids/spouse/friends are VERY watchful, will result in winning most of the time?  You can spring this on them and BOOM!  

It is called the "Poor Man's Strategy."  Me and Nancy play a lot on Pogo, so I can't use it as often.  But, when I get it, she'll tell ya how well it works.

From start of game, aim for getting the light blues.  Make any necessary offers or trades, up to say 2-3X their purchase cost.  Yes, be willing to trade Boardwalk for Oriental!  Get the light blues at any cost!

Once you have that monopoly, sell or trade anything or everything needed to go straight to hotels.  Get the hotels on them ASAP.

Now, sit back and win.  

Stu, Monopoly is soooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo
BO-RING!

If it don't bling, sing, or fling, I loose interest.....DRAT that ADD!

You see, statistically, the light blues get landed on more than most other colors.  They are cheap to build up, being on the low cost side of the board.  They are right out of the gate after anyone gets to "Go to GO."  They also are in the path for other cards like "Ride the Reading" and "Advance to Boardwalk".

Between the higher landing rate, and the rental of your hotels at $450/$600 (remember, you are going for hotels in the first few rounds of the game, while others are dreaming of long term goals), you can bleed the others dry over time.  Of course, after the hotels are built, use future rent money that you receive to buy every property you can grab.  But, don't rush into bad deals...you have time, because you'll have nice rents coming to ya.

Of course, the dice can make or break any strategy.  But, on an average day, this will win about 4 out or 5 times, usualy in under 20 rounds.

Quick and deadly Monopoly.  

[Hal4511]

Commodity Market: Gold Price - Oil Prices - Metals Futures

COMEX Gold        1095.70        unch         unch        1100.00 / 1087.50        2009-11-06 15:12:26-0500

NYMEX Natural Gas        4.607        0.0120          0.2612%        4.655 / 4.555        2009-11-06 15:12:20-0500

COMEX Copper        2.947        0.0055          -0.1863%        3.0045 / 2.925        2009-11-06 15:11:14-0500

NYMEX RBOB Gasoline        1.923        0.0647          -3.2550%        1.94 / 1.908        2009-11-06 15:11:59-0500

COMEX Silver        17.355        0.0200          -0.1151%        17.63 / 17.27        2009-11-06 15:12:25-0500