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Buy Gold now!!!! A new Bretton Woods type agreement for world market bailout very possible soon!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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Hiram Abiff
User ID: 522498
10/10/2008 12:33 PM

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Buy Gold now!!!! A new Bretton Woods type agreement for world market bailout very possible soon!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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Now may be the time to buy gold, the gold market is artifically low now because hedge fund managers are selling it by the ton for liquidity as people are cashing them out before the deadline on 10/15 for most of the larger funds. After 10/15, gold has every opportunity to skyrocket, maybe as high as $1500 an ounce. And it looks as though the world markets may be heading for a return to the gold standard which may further be another reason that countries may buy it all off the markets and current holders at the current low price. But this may also be risky because the US government may enact another Gold Confiscation Act (see [link to en.wikipedia.org]

Berlusconi Says Leaders May Close World's Markets (Update1)

By Steve Scherer

Oct. 10 (Bloomberg) -- Italian Prime Minister Silvio Berlusconi said political leaders are discussing the idea of closing the world's financial markets while they ....rewrite the rules of international finance.''

....The idea of suspending the markets for the time it takes to rewrite the rules is being discussed,'' Berlusconi said today after a Cabinet meeting in Naples, Italy. A solution to the financial crisis ....can't just be for one country, or even just for Europe, but global.''

The Dow Jones Industrial Average fell as much 8.1 percent in early trading and pared most of those losses after Berlusconi's remarks. The Dow was down 0.5 percent to 8540.52 at 10:10 in New York.

Group of Seven finance ministers and central bankers are meeting in Washington today, and will stay in town for the International Monetary Fund and World Bank meetings this weekend. European Union leaders may gather in Paris on Oct. 12, three days before a scheduled summit in Brussels, Berlusconi said today, while Group of Eight leaders may hold a meeting on the crisis ....in coming days,'' he said.

Berlusconi didn't give any details about what kind of rules leaders were looking to change, except to say that leaders are ....talking about a new Bretton Woods.''

The Bretton Woods Agreements were adopted to rebuild the international economic system after World War II in a hotel in Bretton Woods, New Hampshire. The aim of the agreements was to establish a monetary management system, initially by pegging currencies to gold. The IMF was set up later to help manage the international financial system.

[link to www.bloomberg.com]

"You must be the change you want to see in the world." Mahatma Gandhi

Hiram Abiff
User ID: 522498
10/10/2008 12:41 PM

Re: Buy Gold now!!!! A new Bretton Woods type agreement for world market bailout very possible soon!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!	Quote
I think the world markets would set a purchase price at the current low levels and confiscate it all off the markets, then hold it as the demand drove the price up to where it honestly should be between 1300 and 1600 an ounce. Then peg their currencies, and least partically to gold for stability. "You must be the change you want to see in the world." Mahatma Gandhi

Anonymous Coward
User ID: 132975
10/10/2008 12:54 PM

Re: Buy Gold now!!!! A new Bretton Woods type agreement for world market bailout very possible soon!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!	Quote
Don't do it! THROW YOUR GOLD AND SILVER INTO THE STREET!!!

Anonymous Coward
User ID: 524907
10/13/2008 7:53 AM

Re: Buy Gold now!!!! A new Bretton Woods type agreement for world market bailout very possible soon!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!	Quote
"Governments bail out banks, UK wants new Bretton Woods" [link to www.reuters.com]

Anonymous Coward
User ID: 520867
10/13/2008 7:59 AM

Re: Buy Gold now!!!! A new Bretton Woods type agreement for world market bailout very possible soon!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!	Quote
They want another conference a la Bretton Woods - doesn't mean they want to go back to the gold standard. Look up what some economists mean with Bretton Woods II and why that system must be changed.

Anonymous Coward
User ID: 524914
10/13/2008 8:02 AM

Re: Buy Gold now!!!! A new Bretton Woods type agreement for world market bailout very possible soon!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!	Quote

Anonymous Coward
User ID: 934
10/13/2008 8:14 AM

Re: Buy Gold now!!!! A new Bretton Woods type agreement for world market bailout very possible soon!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Quote

Quoting: Hiram Abiff

But this may also be risky because the US government may enact another Gold Confiscation Act

if that happens watch Silver

Anonymous Coward
User ID: 429245
10/13/2008 8:32 AM

Re: Buy Gold now!!!! A new Bretton Woods type agreement for world market bailout very possible soon!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!	Quote
When I invested in PMs, the guy advised getting semi rare gold coins because the government didn't confiscate those when they took our gold. That was so 'they' could keep their wealth.

Anonymous Coward
User ID: 515900
10/13/2008 5:24 PM

Re: Buy Gold now!!!! A new Bretton Woods type agreement for world market bailout very possible soon!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!	Quote

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