Please keep me on your ping list. I agree with what you say. Obama has printed 1.2 Trillion, and has another Trillion scheme coming up. On the other hand even some of the Dummy Dems in Congress are slowly turning. I think there is a little upside on GLD as nothing goes straight up and nothing goes straight down.
I would be curious about your opinion on the US Government having been dumping gold to keep the price down and in some convoluted way to keep the value of the dollar up and thus sell some more of those yummy bonds they are pushing down our throats.
Once the big sale is over, I expect gold to rise again. Why? The US Mint has delayed gold and silver deliveries, at least on the coins I ordered. The delay was from January to mid March/ The delay indicates to me, at least, a shortage of gold and silver to sell via the mint; thus a diversion. JMO, but I think the gold price will rise once the fiat printing is over and then your scenario is very likely.
Thanks again.All JMO
I’ve heard the production delay story for a while now, it makes a good cover story. If the problem was gold supply, it would reflect in the price I’d think. The production delay could just be a staffing thing, or maybe they are being cute and created a float period? Some think that gold is being manipulated to keep the price down, and that I think is a possibility. Many folks, are convinced it should either be much higher, or at 700 or far lower. The price does indeed seem to be manipulated.
I wonder if Gold right now, is the Elliot Spitzer investments. I made that up today...
What if the idea, is to discredit it as a fools investment, only to allow people to scoop it up on the cheap for later, when it REALLY is needed? I suspect that the day is coming where US GOVT bonds start a multi decade decline, and yields just expand and expand like they did in the 70s. The only good alternative to stocks in that case, will indeed be gold, silver, or something like that. Any bond would do poorly in a rising rate market, and real estate would have a monthly cost issue that would drag on for at least 10 yrs.