Posted on 06/26/2013 7:56:28 AM PDT by blam
Sold all mine a few months ago. Glad I did. Think I’m going to re-buy soon.
If prices across the board falls than wages can fall as well without changing the average persons standard of living. Lower wages = increased global competition for American products and the beginning of the return of American Manufacturing.
I dollar cost average PMs. They aren’t for selling unless necessary for survival. In my opinion, for whatever it may be worth, the inflation is already baked in; it’s just a matter of when the banks allow all that liquidity to hit the economy.
Anyone with a lick of sense would look at the occupier and his cronies and come to the melancholy conclusion that their goal is the utter destruction of the US economy, the fall of the Almighty Dollar.
This should drive any prudent person into gold or any other safe repository of wealth.
Gold should be soaring, not crashing.
The Feds Forked Tongue, Means Gold's Price Rise Will be Explosive
Think of your circle of family and friends. Can you say that many-- any-- of them could sustain a conversation about monetary policy? We live in a time of emotion, not logic. The laws of nature abhor such a vacuum. The reckoning will be significant, unfortunately.
if what you say is true... then the banks will be selling their PHYSICAL gold holdings.
right?
Eventually, I suspect someone will come up with a filtration technique to harvest gold molecules, build up an enormous supply of “unknown, untracked” gold, then trickle it into the gold market in a slow, regular manner to avoid upsetting the price.
Oddly enough, this will not be a bad thing from the perspective of those who value gold as an investment, but one that will in the long run protect the value of gold.
Priceless and worthless are a hair’s breadth apart sometimes, and because the demand for gold is so great in relation to other commodities and currencies, the total amount of gold in the world could likely quintuple, without causing a decline in price, as long as the increase happened gradually.
I wonder if, ala Cyprus, the word is out among the connected in Europe that something is in the offing with Spain/Portugal/Italy/France/whatever, and as a result, the connected are quietly moving into dollars. I mean how long does the Euro have?
I could see the Euro crashing in two or three months, and subsequent stories about all the connected knowing right now and moving out while the peons trudge along oblivious.
How bleak the future of the Euro, if the Dollar under the likes of obama and Bernanke looks like a safe haven.
The price of paper gold has disconnected from physical gold, i.e. disconnected from reality. IMHO our entire economy has disconnected from reality.
Goldbug ping.
Dag nabbit who’s even left to be the guy just starting to worry about the gold and silver crash?
More Buisiness Insider Marxist Globalism.
There is no more reason to pay attention to their crap - we know what they are going to say before they say it.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.