Gold
Started by JuiceMan
over 17 years ago
Posts: 3578
Member since: Aug 2007
Discussion about
What happened? Thank goodness I don't take investment advice from streeteasy.
All aboard the deflationary depression trane, last call!
Gold will continue to get caught up in the deleveraging cycle which is a transient state.
Not to worry- once all the injected fiat money starts to make traction, we will see some massively serious hyperinflationary forces.
Remember, in the entire world's history, there has never been a single country/empire that printed massive amounts of money to solve immediate problems that did not run into hyperinflation later on. Each and every single case resulted in the same end-game of hyperinflation. There are absolutely no exceptions.
As such, unless you convince yourself that somehow, this time it's different, people should protect their purchasing power by holding a core position of Gold as insurance. Not the paper market which is manipulated and traded like stocks and securities, but physical Gold.
Timing the market is too risky given the volatility. Instead, establish a position now and keep it in preparation for what's to come once all the money begins to kick in.
That is, unless you believe that this time around, it's different and this will be the first time in human history where massive fiat money printing does not result in hyperinflation later on.
do other people agree with this? or will gold just continue to go down with rest of the stock market?