-- Posted Friday, 4 February 2005 | Digg This Article
Well, according to all the data coming from the US news sources the US economy is doing great & we are entering another Golden Age of Financial Prosperity. But then I read news sources garnered from foreign news desks & I see a different picture altogether. What is the truth?
Is the US economy really healthy or are there indeed some serious problems developing?
My wife was sitting at the table in the school lunch room this last week talking to two other ladies she knows. Problems, problems. Both ladies were trying to sell their homes that had been on the market for a very long time. One is a home in Glassy Mountain Estates. An upscale development in the mountains visited every year by Kevin Kostner for some golf function. The other home is in upscale Montebello. Both homes are on the market for well over 1 million dollars but there are no buyers & both families are ready to throw in the towel & give the blasted houses away if they don’t soon sell.
What’s wrong here?
Where are all the buyers to come forth to shell out a cool million plus for these homes? Maybe things aren’t that swell as we are hearing on the US news channels. I think that if the truth were told folks are maybe tightening their spending habits a little now.
I personally will continue to believe that the long term overall health & stability of the US economy will ultimately hinge on the strength of the US dollar. And how goes the perception of that US dollar with our largest creditor & banker – China?
“DAVOS, Switzerland (AP) -- China has lost faith in the stability of the U.S. dollar and its first priority is to broaden the exchange rate for its currency from the dollar to a more flexible basket of currencies, a top Chinese economist said Wednesday at the World Economic Forum.” By Edith M. Lederer, Associated Press Writer, 1-26-2005
Really now?
"The U.S. dollar is no longer -- in our opinion is no longer -- (seen) as a stable currency, and is devaluating all the time, and that's putting troubles all the time," Fan said, speaking in English. By Edith M. Lederer, Associated Press Writer, 1-26-2005
And can we over emphasize the simple fact that the future health & long term prosperity of the US economy is built on the continued ability of the US Dollar to be the strong reserve currency it has functioned as in the past? But what again is the growing perception of our largest banker & loan officer – China?
“Now people understand the U.S. dollar will not stop devaluating."
By Edith M. Lederer, Associated Press Writer, 1-26-2005
I suppose the question we put now to the reader is – “Do we see a long term trend developing or not?” Any of you out there ever read about Martin Luther? Interesting fellow & an individual who changed the world in his day.
“Who loves not wine, woman & song remains a fool his whole life long.” Martin Luther.
What other inspiring truths did Martin Luther leave for the text books?
“…speaking of the devil, he wrote, “I often drive him away with flatulence.” Martin Luther
I received an email from a reader last week that I believe typifies the majority of despondent gold investors at this time.
“GOLD STOCKS STINK.”
Tom C.
Maybe Tom & all disgusted & frustrated gold investors should just read the long ago words & advice of Martin Luther when facing diversity & personal frustration.
“Just forget about it,” Luther writes, “I’ve found there’s really nothing you can do – just go down to the tavern & order up some beer…” www.ddegroup.com/DDE/News/Spotlight/spotlight+luther_content.htm
I like Martin Luther. An earthy fellow & a very honest sort who did not wax words.
For those brave souls who believe there are yet better times for gold stocks Gold Letter, Inc. offers a review of gold & silver companies. And because of popular demand Gold Letter has brought back the “Life Time” subscription. The goal of the email newsletter is to present before subscribers those companies whose prospects appear favorable & whose companies appear to be run by serious geologists & miners. The investor determines which company best meets his or her investment objectives…as it should be.
The goal of Gold Letter is to present the story of all precious metals companies with potential & not just those special few who are blessed with the endorsement of the elite.
Subscribe to Gold Letter Alert!
Order toll free 1(888) 836-7758
Or over the Internet: click here
Marc Faber: "Six years after the bull market started in 1982, most people were not aware of it," he says. "It usually dawns on people slowly that a bull market in commodities has started."
David Vaughn
Gold Letter, Inc.
David4054@charter.net
http://www.goldletterdv.com
February 4, 2005
Author/publisher does not trade stock of the company being followed for 30 days before & 30 days after an article is published. Readers are advised that the material contained herein is solely for information purposes. The author/publisher of this letter is not a qualified financial advisor & is not acting as such in this publication. Gold Letter, Inc. is not a registered financial advisory. Subscribers should not view this publication as offering personalized legal, tax, accounting or investment related advice. All forecasts and recommendations are based on opinion. Markets change direction with consensus beliefs, which may change at any time and without notice. The author/publisher of this publication has taken every precaution to provide the most accurate information possible. The information & data were obtained from sources believed to be reliable, but because the information & data source are beyond the author’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author/publisher may or may not have a position in the securities and/or options relating thereto, & may make purchases and/or sales of these securities relating thereto from time to time in the open market or otherwise. Authors of articles or special reports contained herein may have been compensated for their services in preparing such articles. Gold Letter and/or its affiliates may receive compensation & or stock options for the featured company’s right to publish & reprint & to distribute this publication. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.
-- Posted Friday, 4 February 2005 | Digg This Article
