the time to buy was a few years ago...or even a few months ago...too high now.
I’m not talking about buying or not buying Gold. I’m talking about the sales pitch these companies are using to Sell it.
I’m thinking they might want to “Rethink” that.
Too high now? If Iran attacks Israel or vice versa you will see how much higher gold can go. Same thing for oil...
Unless it goes to $2000.
maybe... factor in the devalued dollar due to the printing of an extra $1 trillion... and the $700 last spring compared to $1000 now seems a bit low.
tack onto that the sudden drop of commercial loans (wait until next month) and the realization that 50% of home loans cannot be foreclosed on... and its about to get very ugly.
oh, and that’s before you add the bonus of reduced wages due to higher taxes and inflation.
i’ll take gold any day over that cute thing that use to be called the dollar (just call it $0.05 now)
When you think something can't go higher, it does. When you think something cannot go lower..it does.