i'm hedged eekster physical gold only 15% of my assets
it'll hold up best and continue to outperform most assets in this environment (on the long side obviously) as it has in the past 5 years (i'm talking about the physical gold not the miners)
if everything and anything gets killed type scenerio or something (which i think is coming in some form just a question of how bad its gonna be), you are right eek gold will get hit with it but probably not as much as the equities will be feeling it
it'll hold up best and continue to outperform most assets in this environment (on the long side obviously) as it has in the past 5 years (i'm talking about the physical gold not the miners)
if everything and anything gets killed type scenerio or something (which i think is coming in some form just a question of how bad its gonna be), you are right eek gold will get hit with it but probably not as much as the equities will be feeling it
Since its pointless arguing about gold with guys like eek.
He's been so wrong about gold in the 3 years Ive been posting here, its best to allow the market price to prove whos correct and incorrect.
From now on, every day gold reaches ANOTHER all time high, this picture will be posted.
Enjoy your crow sandwich Eek...and save plenty for tiznow as well.
Tiznow is the only guy I know that everyday talks out of both sides of his mouth.
"I think gold will go down with economy, but have 15% of my portfolio invested in physical".
:lolBIG:
He's been so wrong about gold in the 3 years Ive been posting here, its best to allow the market price to prove whos correct and incorrect.
From now on, every day gold reaches ANOTHER all time high, this picture will be posted.
Enjoy your crow sandwich Eek...and save plenty for tiznow as well.
Tiznow is the only guy I know that everyday talks out of both sides of his mouth.
"I think gold will go down with economy, but have 15% of my portfolio invested in physical".
:lolBIG:
I promise not to laff at you when gold goesup Woof.
mm mmm mmm mmm
It's ok eek...Ive been laughing at you for 3 years now, and nearly a decade at others that have been completely wrong about gold.
they can keep printing all they want...gold will outperform other asset classes until the printing stops.
:missingte
How do you even know if a coin is 100% ok, unless you buy it at a vastly inflated price from a dealer.
Coins have been forged clipped remixed and skimmed since Roman times.
Gold is a scammers paradise, and silver is even worse.
http://www.goldsovereigns.co.uk/fakes.html
Coins have been forged clipped remixed and skimmed since Roman times.
Gold is a scammers paradise, and silver is even worse.
http://www.goldsovereigns.co.uk/fakes.html
a vastly inflated dealer??
you call a $9 premium on a $925 coin inflated?
pretty sure we will see a hit piece on gold soon...likely on cnn/money or fox financial
couple years ago the headline on cnn/money's site was "$600 gold. Want in?".....just a vicious hit piece.
1 month later, gold went from 600 to 700 and they dug up the same story.....only they changed the title "$700 gold. Want in"
hno:
you call a $9 premium on a $925 coin inflated?
pretty sure we will see a hit piece on gold soon...likely on cnn/money or fox financial
couple years ago the headline on cnn/money's site was "$600 gold. Want in?".....just a vicious hit piece.
1 month later, gold went from 600 to 700 and they dug up the same story.....only they changed the title "$700 gold. Want in"
hno:that's the problem with this situation
traditional investors/savers have zero good options
place to be is gold, cash, conservative longs that will hold up better most in a possible nasty recession, and short froth
but at the same time
inflation will also tame at home jdog regardless of what the dollar does
gas prices won't stay at 3 bucks regardless of if oil is 100+......gas prices in the US depend on US consumption and refinery capacity issues
plus there will be deflation in alot of assets such as homes (obviously) so their savings are worth more in some respects
well see how it all plays out jdog we are at the turning point now
where the deflation vs. inflation arguments become more relavant, deflationists were obviously going to be dead wrong as the world economy was booming.
its been all fun and games for the last 5 years as they were able to keep it going and the economy going
now that the party is stopping and companies and consumers are up to their eyeballs in credit the game is changing regardless of how much money they print you still need someone to take on debt for it to keep working
the first move was the tax rebate (this is basically government taking on more debt for us in the future) as they not cutting spending but giving us some money....well that and obviously the continual rate cuts
where the deflation vs. inflation arguments become more relavant, deflationists were obviously going to be dead wrong as the world economy was booming.
its been all fun and games for the last 5 years as they were able to keep it going and the economy going
now that the party is stopping and companies and consumers are up to their eyeballs in credit the game is changing regardless of how much money they print you still need someone to take on debt for it to keep working
the first move was the tax rebate (this is basically government taking on more debt for us in the future) as they not cutting spending but giving us some money....well that and obviously the continual rate cuts
