Gold and Silver 'Bubble' Has Long Way to Go [View article]
I agree with your thoughts too. I don't think we anywhere close to a bursting bubble of gold. The debt our country is taking on and the printing of money, let alone the use of that money to buy our own debt is not something that bode's well for the dollar. So I think for now the precious metals are a good place to store the value of ones wealth.
Bill, thanks for the well thought out info and digestion of the dynamics in play. I think your points on what government needs to do to right this ship are valid. I hope someone is listening.
As to gold, I think it will pick up over the next 12 months as the inflation that caused by all these bailout gambles comes home to roost.
Countdown of Manipulated Gold Price Running Out [View article]
I think Gold is low in part because of the paper/real gold argument put forth, but also because the markets typically take some time for things to work through the proverbial digestive system. It'll take 12 to 36 months for the printing of extra fiat currencies to work their way through the systems and therefore the inflation numbers to rocket off this trillion dollar bailout pad.
Getting gold and even silver now, imho, would be a wise thing. Using all your $$$ to do it? No, of course not.
Gold and Silver 'Bubble' Has Long Way to Go [View article]
Why Are Investors Returning to the Dollar? [View article]
Why Are Investors Returning to the Dollar? [View article]
Like you I don't see it able to sustain itself as it is so much built by emotion and emotion burns out and reality settles in the aftermath.
Is Gold Ready to Fly? [View article]
As to gold, I think it will pick up over the next 12 months as the inflation that caused by all these bailout gambles comes home to roost.
Countdown of Manipulated Gold Price Running Out [View article]
Getting gold and even silver now, imho, would be a wise thing. Using all your $$$ to do it? No, of course not.