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

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] ) ahead of such a move to stabilize the world markets.



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]