"My analyses have been trending towards trying to predict where and what the wealthy will do once they see that the old model is broken. This is a partial explanation for why I continue to be an advocate of gold, as it represents one of the larger monetary doorways out there, although it is pathetically small compared to the piles of paper wealth that currently exist.
When the wealthy begin to try and crowd through a variety of entirely too-small doorways, we will all experience this as “inflation” and “rising prices” in some things and declining prices in the paper assets being sold. Like today, it will be a mixed bag, making for a challenging investment environment.
Large portions of wealth, jammed up at the doorways, will be lost entirely. Other wealth will squeak out of the doorway and be late to the party. Only the early money will have any realistic chance of being preserved."
Message 26038943
i have been in gold for many years. i held gold one year while it lost money (in gold). it was very frustrating then. i don't have faith in minors, however, minors may do better than PMs. i am not greedy, if minors do better, then i am happy for those investors who benefit.
although i am no longer a buyer, but i remain a holder of same PMs, Au, Ag, Pt & Pd.
significant inflation is not here yet, but it is coming
also, i keep reading more about returning to the gold standard in one form or another. if one says there isn't enough gold to accomplish this, i say let gold ascend to the price where there is enough gold
Message 26038754
:o) |
