Agreeing on the creaky condition of the fiscal position of Western governments, two economists...

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youngman442002 Comments (5021)
 
It might go down in paper price in the EU and the USA...but in ASIA, Russia, the rest of the world who is buying real metal...that will go up in price....
29 Nov 2012, 09:10 AM Reply Like

htmortimer Comments (62)
 
Pretty much everybody understands why gold increases in price during an inflationary period, but few understand why gold rises in a deflation. The answer is simple: in a deflation, borrowers can no longer repay their creditors and all debt becomes suspect. Gold is not someone else's liability and takes on the role of money as currency (which is debt) is no longer trusted as a store of value.

I would also note that in past deflationary depressions the answer has invariably been found in the devaluation of the currency versus gold.
29 Nov 2012, 09:41 AM Reply Like

mstrong1 Comments (75)
 
I've followed John Williams and Shadowstats.com for many years. I find his analysis you be more timely, accurate and PROFITABLY actionable than others. I also follow Jim Sinclair. I continue to collect PHYSICAL Gold & Silver, as well as brass and lead. Don't understand yesterday's gold dip, but saved $1,200 or so on more AGE's
29 Nov 2012, 09:53 AM Reply Like

profit2012 Comments (3)
 
I agree with both of these comments. In the shorter period before 2014, we may see a plunge in the dollar price, but 2013 will heat up and the price of gold will soar--I'm countin on it.
29 Nov 2012, 10:04 AM Reply Like

guzzii Comments (48)
 
simple logic says since only 2% own gold the number of buyers is massive...and the holders are smart... 2260 and 3600 coming

short term the bad guys can play games as they do daily..dont get crareless.
29 Nov 2012, 10:59 AM Reply Like

rcro Comments (62)
 
When I was a kid, a silver dime would buy a loaf of bread. Today, a silver dime still buys a loaf of bread. When we have deflation, I am reasonably sure a silver dime will still buy a loaf of bread. You never know what fiat currency will buy. Sometimes it becomes as worthless as a continental or confederate dollar and does not buy much of anything..
29 Nov 2012, 04:58 PM Reply Like

terrygoldinfo Comments (23)
 
htmortimer's comment is very good and very true. I was an investor
during the great inflation of the 1970s so I have seen it all happen before. Since then, my portfolio accounts have always taken the UK retail price index into account (each transaction is divided by the then current RPI). When an investment is sold after a year or two, this method shows up the real profit/loss, It comes as a nasty surprise, when a cash profit turns out to be a real loss.
.
30 Nov 2012, 03:02 AM Reply Like