Or wait for stocks to fall, and then buy them. You’ll get a nice dividend, which gold doesn’t pay.
But the truth is, neither UBS nor anyone else knows what will happen in the future. If they did, they’d have so much money, they wouldn’t need to be making predictions.
Cycles assume that the market for gold and silver isn’t rigged.
I wonder what fraudulent asset the Wall Street crooks put their free trillions from the Fed in this time around.
Gold is going to crash, along with equities.
Best to have as much cash as possible for the next few years.
Gold is going to crash, along with equities.
Best to have as much cash as possible for the next few years.
I’m definitely not seeing a 7 yr cycle in that plot.....
Most financial predictions turn out to be wrong.
Gold is not an investment. It is a hedge against a full-blown collapse of the monetary system. If you think the entire US economy is going to crash and burn, then buy gold.
7 years of 0bama haven’t been able to totally destroy it.
Buy gold because we want out.
30% Ouch!
Goldbug ping.
Gold is not bad, but in a deflationary depression, cash is king. Sit back and buy income producing assets later.
Not a good time to buy gold. Europe and China are collapsing down and the markets are fleeing to the dollar, which has held the Wall Street stocks high. Oil prices are way down @ 70% and have been falling for the last year and gold prices should have followed the wrest of commodities going down in price. The stronger dollar masks a gold price that should be down below $700/ounce instead of @ $1,100. Waiting for gold to drop below $800 and than once down to that level will wait to see if the test low goes to $600.
I’ll bet UBS sells gold.
"That's not right the price should be rising not falling, unless?" "Get in there and sell sell sell!"
