PING
Yeah, so you better sell it NOW, QUICK! [to us]
Fools and their real money are soon parted.
it’s very simple.
the dollar is subject to devaluing and dilution
has the administration done anything to strengthen the dollar?
no.
has the administration cranked up the printing press?
yes.
therefore, the value of the dollar will continue to get smaller.
in the US, gold is measured in dollars. therefore, gold will continue to receive upward pressure in terms of dollars.
if anyone is saying gold is going to tank, they are obviously trying to buy in at a lower price.
Bunk. The Fed keeps printing while Barnacles keeps selling “accommodation”.
That’d be awesome if gold went down. I’d be interested in buying a lot more of it were it more affordable.
Investors (especially institutional investors) aren’t Scrooge McDuck sitting on a big pile of gold coins purely as something to look at. A lot of investors have a large profit sitting in their vaults that they will want sell in order to reap the profit thus far. Institutional investors especially, have customers to answer to who expect a return on their investments with the institution. Gold sitting in a vault doesn’t pay the bills or put food on the table, at some point, especially if everything else is going to crap economically, it will be sold.
The guy down the road sitting on some coins for a SHTF situation doesn’t have enough to move the price if he sells. It is all about institutions who buy and sell billions of dollars worth at a time and play the price swings.
I don’t know if it will go down as much as stated in this article, but it is logical to assume there will be some price swings as it changes hands.
I own metals for disaster hedge.
This analysis doesn’t seem to consider disaster a possibility.
Remember, the more they tell us that everything is good, getting better & nothing to worry about while the real numbers tank........start getting nervous. Tipping point alert.
Oh, Nos! At a lousy $1,357.00/oz I’ll only have quadrupled my original investment.
Damn. Just, Damn. *SMIRK*
If interest rates begin to move up significantly, gold will soar. Here’s why. The only thing keeping the economies of the world moving at this point is cheap money. If that goes away, the economies will begin to tank. Money seeking safety will go to hard assets like gold. This will begin a cascade, IMHO.
Let me consider this... GOLD IS GOING TO TANK.. (be worth less)..
The fiat dollar is daily becoming worth less and less.. because they are printing too many of them..
YET!!!.... gold is going to be worth LESS DOLLARS than before..
Does anyone else get the feeling this advice is BULL SQUEEZE?...
This financial pundit may have Down’s Syndrome..
At issue is the US Dollar.
When you look around the world, the US is the best house in a bad neighborhood.
The US Dollar will likely strengthen well before the SHTF in the US.
It is highly likely the triggering event will occur outside the US and we will be seen as a safe place to park cash.
This is not to say the FED’s printing is not creating a weak Dollar or real inflation, because it is. I would suggest that the FED has actually done a good job managing this deflationary cycle.
Most people don’t understand deflation, since we have almost always had growth and have only needed to deal with inflation.
I was able to get a full copy of this 25 page study.
Is U.S. Economic Growth Over? Faltering Innovation Confronts the Six Headwinds
Robert J. Gordon
http://www.nber.org/papers/w18315
The paper explores real GPD growth throughout the history of the US. In addition, the paper examines true innovation or industrial revolutions, their residual “mini-revolutions”, productivity gains and standards of living.
It seems they are charging for access to the full paper. I have it as a PDF.
Before taking their word for it, watch this: It’s Coming: “A Pan-Global Collapse Is Inevitable” *Must Watch Video*
Goldbug ping.
Some time last year I took the Kittco ten year chart, Printed it out, made a nice big copy and extended the trend line to where the price of gold in US$ was $2,000. That event was to happen in about July 2012 as I recall. It did not happen.
As you can see, the trend line slope diminished and thus did not realize the projected gain.
If you bought gold following my advice and projection....... sorry
