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To: Errant
I don't really put any credibility in wars and civil unrest as a stimulus for gold. After 911, gold tanked, for example. There doesn't appear to be a direct correlation there.
40 posted on 07/12/2013 8:45:00 AM PDT by Sam Gamgee (May God have mercy upon my enemies, because I won't. - Patton)
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To: Sam Gamgee
That's partially true, however the type of unrest has a large bearing to what extent gold or anything else will be affected. When news of some major event occurs, it is a shock to the system and that takes some amount of time for the system to adjust to. You can see 911 in the first chart below, but hardly a blip in the long range chart below that.

Saw this article, though of you, and saved a link in anticipation of your possible interest in reading. It's by that golden jackass Jim Willy, but not bad, IMO. ;)

Gold Sends Signals for Financial System Breakdown on Numerous Fault Lines

Another thing is that I no longer view the market from an investor's perspective, but from someone gone Galt. That makes a huge difference, as we tend to buy and hold something as insurance or for future needs or until "things" change.

I'm no investment guru by any stretch. My goal in my early years was to become financially independent and to not have to work for anyone else. From VERY humble beginnings, I attained this goal below the age of 50 and now live off savings, investments and a tiny retirement fund. Going Galt was easy for me in that respect. Passing on opportunities to make money in adherence to my self-imposed frugality, not so easy. I would like to get back in the game, but not if it means half of my net will go to support the desolation taking place, including the slaughter of our young, promotion of what I view as iniquity within our government, and contributing to global strife. That's just me and I respect others that don't feel as I do.


41 posted on 07/12/2013 10:47:28 AM PDT by Errant
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