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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Keith Feral who wrote (91808)3/3/2008 2:03:45 PM
From: benwood  Read Replies (2) of 110194
 
I personally find your logic backwards. I'm pulling money out of my credit union and putting it elsewhere including some commodities precisely because interest rates are too low -- far too low. I'm losing about 5% per year on savings now, and those are CDs. I was losing perhaps 2% 12 months ago, and that was an acceptable loss for the risks elsewhere. But with ramping inflation, currency destruction, and declining interest rates, I need to redirect that capital elsewhere, or it will have only 1/2 the buying power in ten to twelve years.

Gold may well go down from here, but it is nearly an order of magnitude below what I'd describe as a bubble level.
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