Welcome to Slider's Dugout Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Welcome to Slider's Dugout

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: SliderOnTheBlack who wrote (10957)	7/25/2008 11:36:32 AM
From: yard_man	Read Replies (3) of 50101

>> - is assuming that inflation is the weapon of choice among those who pull the Fed's strings. It wasn't in 1929... and it may not be again. << Now there's a cliffhanger <g> -- I mean, conventional wisdom has always been (even if it is incorrect) is that the depression was caused by lack of sufficient or timely money expansion. To me the means of the destruction of the value of the currency matters little -- whether it is explicit or some new backdoor method. But this notwithstanding -- suppose the Fed does not do what the Fed always does -- punish holders of greenbacks. Suppose they actually defend the buck for a change -- what then? Gold has shown a pretty nice short term correlation with oil and other commodities -- but does anyone here seriously think oil is going back to $30/barrel and PoG back to 300/oz? The shares may suck for a while, but pessimism is at an extreme. I suspect physical holders of gold will not be disappointed any time in the next 3-5 year if their basis is 700-800 bucks. Furthermore -- I expect buyers of quality gold shares are more likely to be rewarded than thrashed over the next 6-9 months: if for no other reason stockcharts.com Disclosure: added to IAG this morning.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next