Well, I am investing my money. That is probably it. LOL. Keep your damn gold. If there is a dumping of the dollar I want land, food and water. Gold will be worth no more than cow poop. Good try, but I am not going to keep the gold bubble going. I saw what happened in the eighties.
Not sure you can compre the gold event of the early 80s to now - the former was an inflation hedge whereas today it’s behaving more like a risk asset and there is a good amount of demand for the metal in both private and sovereign circles (the Chinese on the latter).
If Israel moves on Iran without US assistance, a large spike in crude will see stocks and precious metals fall.
I like gold, don’t get me wrong. Just hard to get into it here when Greece is still on the bubble and the ME is a tinder box.
that's good advice.
Good try, but I am not going to keep the gold bubble going. I saw what happened in the eighties.
Gold is just following a curve that is highly reflective of dollar inflation. It isn't a gold bubble at work here, it's a fiat currency bubble and it's collapsing.
>> Keep your damn gold. If there is a dumping of the dollar I want land, food and water.
Yeah, my attitude exactly. Oh, and the farm toys to work the land too.
BTW, congrats on your n00b vanity thread! 280 posts; not too shabby! :-)