Calling all Stock Broker / Money Manager / Hedge Fund Freepers. What IS the deal with Gold in general. I read both directions - hold or get ready to buy.
Per Stuart Varney on FOX Business, he thinks this is a temporary rise in the market, caused by investors dumping bonds and buying into stocks and doesn’t think it will sustain itself at all. The left is jubilant about this and claims this will continue. With the Fed printing 85 billion dollars per month (?) and shoveling it out the door, THAT is fake and this is NOT your dad’s Oldsmobile type of market.
Please chime in as this Freeper would love to know what Freeper experts say about Gold. Thanks and have a great day.
Mee too.....but with the USA prinitng 85 billion a month and the rest of the world doing the same...I am sticking with my real money...it will turn....the Bernanke put will fail in the long term...
Depends on when Paul purchesed them...
If you bought that much back in 2007 you’ve made a baotload bfore a recent slide. On the whole you would be up a whole lot of money.
Holding wealth in US dollars in US banks is a winning strategy ... until it isn’t.
The Big boys are just manipulating the market on Gold and the other stuff to get Gold prices down so they can buy up Gold before the big collapse...
DHS is investing in mine proof vehicles and brass and lead...
The market manipulators are just positioning themselves for the collapse, this will happen after the latest market correction or the next correction they engineer.
They are hoping the gold bugs will dump their gold so they can buy cheap, a lot of gold bugs are never going to dump, so they will continue to manipulate until they do, which won’t happen, this will speed up the coming collapse perhaps....???
Precious metals are a hedge against inflation and a security instrument. In our investment driven media world everything is viewed in terms of investment performance and this does not capture why I like precious metals.
You can say the same thing for beans and bullets. Some of us want to preserve our wealth and a commodity I physically possess may ultimately be worth more than a commodity stored in digital format at a bank. Which one do I really control?
Many folks would be wise to modify their investing beyond recommendations of the chattering class on the business channels. Worse case scenario - I can eat my food investment in the next decade. My grandkids can shoot a mosin-nagant (or other variety) rifle forty years from now. I am not sure I can say the same thing for my mutual fund so I might be very happy I invested some of my portfolio in useful commodities on hand versus the wall street casino that is ultimately tied to the value of a dollar controlled by reckless politicians and greedy banksters.
My 5 gallon buckets of screws and nails may be worth more than a few shares of a mutual fund in 10 years. Same for 5 gallon buckets of 22 ammunition. Same for 5 gallon buckets of honey, sugar, salt, oats, beans, and rice. Silver and gold will always spend - I am not so sure about the purchasing power of a $20 dollar bill in 10 years.
My orchard will probably have great value in 10 years as will my garden and pasture. I am still invested in the market because of my job, but I try to invest in useful commodities with any extra money. I even have bins of nice clothing stored for my small children thanks to the thrift stores.
Just food for thought and best of luck diversifying your portfolio...... Think outside of the electronic box!
I’m reading “Antifragile” by Nassim Nicholas Taleb. He makes the point in “The Black Swan” and “Fooled by Randomness” that probabilities of dice throws and roulette wheels are a very great deal more predictable than things like market moves . . . and intelligent people often don’t even get the predictable stuff right. But we fool ourselves by rationalizing how we “really” predicted what happened, even if we didn’t put our money on the right horse at the time.His ultimate point seems to be that everyone should evaluate his own circumstances and insure himself, best he can, against unacceptable losses. His own reaction to his own knowledge of the difficulty of timing the market is to invest very conservatively, on the one hand, and put a little money in very speculative stuff OTOH. So his portfolio should be hard for the market to burn, and he has exposure to take advantage of really big events. His point is to stay away from "moderate” risks because “moderate” risks have a way of turning out to be big risks in reality.
So the question, for someone with investments and otherwise on a reasonably comfortable fixed retirement income, is how to hedge against inflation. Metal is certainly one option. But if you take physical possession, you then might be worried about physical security. So that would not exactly be the sovereign remedy for insomnia, either. There is a school of thought that while gold has been seized by FDR, silver is a commodity with industrial uses and therefore is not readily subjected to the same arbitrary impositions that gold had been affected by. But the price of silver is more volatile than that of gold.