Usually, when the dollar and/or the market go down, gold goes up. Why not during this "correction". Any ideas?
2007-03-01 08:49:16 · 3 answers · asked by DagneyT 3 in Business & Finance ➔ Investing
I think the japanese Yen 'carry-trade' is unraveling and everything is being sold...the 'carry-trade' is when you borrow yen at .50% interest and then put the money in US Treasurys that yield 5.0% and use the instant proceeds to buy other investments......These profits from this scheme have funneled into every type of asset and the first shots across the bow may have fired........could get ugly or they could simply restart the scheme and rally everything again from here....gold is a good place to be regardless of current selling
2007-03-01 12:27:58 · answer #1 · answered by -* 4 · 0⤊ 0⤋
i think its going down in America because you can go to the middle east or Iran or something like that and buy it for like a 1/3 the amount that you can buy it here
2007-03-01 16:56:24 · answer #2 · answered by kia 2 · 0⤊ 0⤋
Because all the rappers are putting platinum on their teeth instead of gold
2007-03-01 16:57:53 · answer #3 · answered by mdiggity 3 · 0⤊ 1⤋