i have be on the road all week and i wondering why the big sell off i see now.. the stockmarket was held up high because of there gold collateral. http://www.advisor.ca/news/industry-news/gold-slips-as-hedge-funds-sell-59289 humm 1929 http://beginnersinvest.about.com/cs/newinvestors/a/040101a_2.htm
I knew it couldnt last. I sold my and silver last month. bought silver at 12$ an ounch 8 years ago. sold it at 42$. I am a VERY happy man IN fact, silver was a far better investment for my money than gold would have been, gold went up by 1 and a half of what i was when the recession started. Silver QUADRUPLED!
They sold EVERYTHING this week. No worries. Look at the weekly gold chart and you'll see that $1650 is just about right. http://futures.tradingcharts.com/chart/DG/W?anticache=1316903100
you know its going to rocket back up and beyond the last peak.. just the inflation rate spiking http://www.fintrend.com/inflation/inflation_rate/CurrentInflation.asp will make it = stagflation + government shutdown scares + Greece down grades
wait to the gold runs out price drops more then the investers will have no more money to invest in stocks, no more margin calls, the stock market is really going to tank like in 1929. http://en.wikipedia.org/wiki/Margin_(finance)
The CME also hiked margins for gold, silver, and copper. This all played a role, but we might be entering a real serious deflationary phase. Gold investors need to realize that gold will not outperform during deflation while the Treasury/Dollar bubble is still in place, it will outperform during the reflation when central economic planners try to prevent price discovery from taking place. Capital is misallocated, central planners think they need to keep asset prices far above their actual value. This can only be done by printing, so it is a given that every deflationary (price correction) episode will be followed by dollar debasement. That is the simple reason for gold's out-performance in the past 10 years. Ultimately, gold is a hedge against the Treasury bubble. Whether it is here now or whether it's coming a bit later, this upcoming deflationary scare will give the Treasury bubble it's final pump of air. If you don't own physical gold then, you will be too late.
Things go up and things go down. Gold and silver in the long run will go up, especially after the dollar and debt bubbles burst. This is just a blip on the screen.
It could go much lower. Which means it will be time to back up the truck and load up on the physical. I hope it drops more than it did in 2008, which is possible because this will be so much worse than 2008. I still think silver is more undervalued. It's severe drop was most welcome.
You seem to forget gold is real...fiat money is not. When inflation really comes, your dollars will be worth nothing.
The neat thing about Treasuries is how they have been in increasingly higher demand for so long while the fundamentals of the underlying asset have gone to crap. That's always a sign that an investment will end well.
Central planners can plan all they want, they will not be able to stop what will happen...we are already past the point of no return.
I'm into 50 acres with water and mineral rights in the Texas Hill Country. I will sink a well and retire there with a shiat load of ammo for my AR 10, AR 15, Remington 700 VTR, Siaga 12 guage semi auto shot gun. If pot is still illegal .. mabye I will set up a small grow op for supplemental income.
Hmmmm. now that the prices are tanking, maybe ill reinvest in silver again when its bottoming out right before the next rise...
I just figure if it gets down to $25.00 an ounce I'll consider it. If it gets down to twenty I'll probably buy a little. If not...I'll buy some fencing and fence posts.
With my Wall street hat on: Platnum looks mighty great just about now. Wait any longer and the gold sellers will shift into Platnum and you will be too late. Hell even Copper is doing as good as gold. Also, great time to buy gold as it is lower than it was two weeks ago. Buy high sell low. USA Stocks are looking might fine being low right about now, It will only go up, as everyone knows corprations have been making record profits for the past year even in the bad economy, this small adjustment is just what the investor is waiting for, if you don't get in now, it will be too late when the markets open on Monday. This is the prime opportunity to get into USA growth mutual funds as the current economy shows no growth, it can only go up in the comming year after the 2012 election. You can bet, that every investor in the USA and around the world will wait to 2012, but the wise investors will be puring in their money at tis time when the groth funds are at a low. Wait a month, and those who pull out of the bond market will be buying into the mutual fund growth funds, and it will be too late as the prices for the growth funds will be much higher. Have a happy investing. Also, for all those that do not like government regulations: the IRA and 401K investment industry is not regulated like other investments. Therefore you can get larger returns and have a sizable income when you use it. And bast part is no taxes. This is the prime investment for those who don't want to pay taxes, and dont like the regulations of the SEC and government. No this is not Bloomberg.
Copper is falling apart. It's signaling deflation and Chinese slowdown more than perhaps any other commodity.
