The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: DebtBomb who wrote (261077)	7/15/2010 8:25:18 PM
From: Skeeter Bug	Read Replies (2) of 306849

Green, lots of guys i respect believe gold is going up b/c all currencies are devaluing. i don't see evidence of this. if this were true, THEN ALL COMMODITIES would be trending higher, most obviously SILVER. it isn't. why? i believe that the demand for gold is due to some people moving their assets OUT OF BANKS in FEAR of bank closures. silver doesn't work well for this b/c you need a serious sized vault to store big money in silver, hence, silver hasn't done much of late. in addition, bonds will reflect a fear of inflation - and they sure don't do that now. gold is a collapse trade, not a "the dollar is going to zero, hyperinflation is imminent" trade. btw, i think these folks are smart to protect their assets from banks - i think they close and people lose their money. FDIC is one of many EMPTY PROMISES made by PSYCHOPATHIC CRIMINAL POLITICIANS. i would recommend someone get out of debt before buying gold - and i'd recommend buying silver for the small to medium size wealth guy. cash on hand probably won't work out to badly in the near to medium term, either. cash in the bank is dead purchasing power walking. probably not tomorrow, but eventually.

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