saudis bought 3.5 billion of gold in last 2 weeks

i wonder what they know that we don't (or aren't admitting to ourselves)!

arabianmoney.net...

I think we are all pretty aware of whats going on. Don't think they know anything that we don't.

Gonna build a new car,

or a full size tractor-trailer rig with the trailer as a party mobile.

And a garage to put it in.


or

They're going to give it back to everyone else when the oil runs out and they can't afford food.

once we stop accepting worthless paper as barter for goods and services, gold is the only other viable option, in my humble opinion

Originally posted by warrenb
once we stop accepting worthless paper as barter for goods and services, gold is the only other viable option, in my humble opinion

or striving for equlibirum where everything is for the benefit of mankind instead of slaving away for bits of paper with numbers on them,or minerals to signify your status in the world....not going to happen but a utopia too hope for,much like communism,the best ideaology for a civlized nation.Sadly noone has ever achieved it

They know that the dollar has no future...that's what they know.
If the dollar evaporates so does their wealth. They're buying gold instead.
The Saudis have been selling us our oil for Petro Dollars for decades now and are losing confidence in our system.
Look at todays month to month budget deficit $237. Billion in one month.
Thats huge !

Also Research the SEC's hinting that the US may lose it's triple A bond rating. That would spell doom for the dollar because no one would purchase our debt any longer.