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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: gregor_us who wrote (24613)1/14/2005 6:41:18 AM
From: Square_Dealings  Read Replies (2) of 110194
 
So do you think the lack of savings also means gold will drop significantly because there's no money to put into savings via gold?

I go back and forth on this because I have been a gold bull but I can see the possibility that people are living so far beyond their means that there is nothing to put in savings, in fact its negative, piles of debt. Maybe ultimately everything will be sold to repay the debt.

Or maybe some central banks decide to revert back to valuing gold. It seems the Europeans have decided to stop selling at least.

I would be interested in your take.

thx
M
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