To: NRx
If I had gold now I’d sell it. Six months from now it won’t be worth 2/3 its price today. The markets are rough these past weeks because there’s leftist money trying to drive them down in a failed effort to manipulate the election. That stops Tuesday next week and you can count on gold to do what it did in the mid 80’s after Reagan’s first two years.
8 posted on
11/01/2018 9:27:33 PM PDT by
advance_copy
(Stand for life or nothing at all)
To: advance_copy
Personally, I think you’re absolutely correct.
To: advance_copy
If you think gold is going to be trading in the $800 ozt range when the entire world is drowning in debt, all I can say is I will buy whatever you have at that price. Which I might add is well below production costs in most of the world. We have over $100 Trillion in debt and unfunded future liabilities. There is not enough fiat money in the world to cover that. Abolishing the entire government except the IRS would not cover that. A 100% income tax cannot cover that. There are only two ways this can be handled. Overt default (i.e. Thank you for lending us your money or believing our promises to provide you with your golden pension and social security, but we are stiffing you. Have a nice day.) or massive money printing. Given the spineless nature of politicians, my money (literally) is on the latter.
10 posted on
11/01/2018 9:45:13 PM PDT by
NRx
(#BlackBart-notmypope)
To: advance_copy
Makes sense. I was hoping it was conservatives boycotting Netflix trash but probably not
11 posted on
11/01/2018 10:10:53 PM PDT by
JudgemAll
(Democrats Fed. job-security Whorocracy & hate:hypocrites must be gay like us or be tested/crucified)
To: advance_copy
Gold is for keeping, not selling
35 posted on
11/02/2018 6:33:59 AM PDT by
bert
((KE. N.P. N.C. +12) Invade Honduras. Provide a military government)
To: advance_copy
Most of the drop in gold during the first Reagan years was due to the collapse of inflation. Gold and most other hard assets were being hoarded as inflation hedges. We don’t have the background of double-digit inflation in order to have a similar collapse.
But what could set off a good sized drop in gold prices is a rise in real interest rates. When rates are close to zero there is no opportunity cost in owning gold- you aren’t earning interest on cash balances anyway so you may as well hold gold. A booming economy can change that by increasing the demand for money and driving up interest rates.
42 posted on
11/02/2018 7:47:11 PM PDT by
Pelham
(Secure Voter ID. Mexico has it, because unlike us they take voting seriously)
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