xsuddensam

Gold, Silver and Deflation

adan lerma,

You are absolutely correct! To understand gold and silver, one has to look at the time frame. It seems that the natural human perspective is a short one; that is, we want instant gratification and if we don't get it, that in which we are looking can't be of value. Patience is a virtue and it can be profitable.

Gold, Silver and Deflation

hc writes:

" And yet, in the real economy, money base is quickly shrinking. We're staring into deflation, which is due to de leveraging and declining total debt/credit. Essentially, there is simply less money to go around. "


I don't know where you get your information. From where do you think the $700 B (really $1T or more) bailout is coming? Treasury is printing 24/7 along with the other central banks. Sure, the banks are not lending because they want to improve their balance sheets. Eventually, all this currency will find its way into the world market with nothing more than government promises backing it. I'll take my chances with owning, and more importantly, possessing gold and silver.

Who cares if gold falls to $600? Reasonable minds understand that gold and silver are not an investment; they are a safety hedge. In this day and age of crooked banks with politicians in their pockets, one needs to hedge. If one wants to make profits in the metals then one should trade them albeit trading is extremely risky. The risks and rewards can be extreme.

As I've said before, if you own it, keep it. If you don't, get some. I would strongly discourage ownership (unless trading) in ETF's and shared pools where all you get is a piece of paper.

DON'T TRUST ANYONE WITH YOUR GOLD!

You Can Get on the Gold Train and Ride the Dollar

FoxV:

You are right on the money (heh, heh) about the dollar and gold.

It surely is a sign that portends terrible things when central banks are propping up an old, tired and shrinking dollar in order to save their own skins.

You Can Get on the Gold Train and Ride the Dollar

In which world does this writer live?

My God, how can any reasonable person believe that the dollar is going on an extended bull run?

Check out today's Seeking Alpha article:

seekingalpha.com/artic...

This is a must read!