I just don't get it. I read that gold is a safe haven during inflation, now it is a safe haven during deflation. I have read that Central Bank selling is not good for the POG, and have also read others want the banks to sell all their gold. Some wish for gold to become a mere commodity without any bank holdings, while others dream of a 100% gold monetary standard.
Some people insist inflation is just around the corner, while others say we are in the midst of a deflation. Gold is dead - Big bull market just around the corner. Paper bugs vs. goold bugs. Conventional wisdom - Contrarian.
We have all heard these conflicting sentiments and more, and they can't all be right. So, we have to make some choices, and most people on this thread favour gold as an investment and security. However, you have to admit, this has todate and for many, many years been the wrong choice. It is incumbent upon us all to daily examine the facts and not proceed down a blind alley. We must seek the truth and wisdom without prejudice, a most difficult task for those who hold some deep convictions as to future world events. There are lots of answers for every question, and somewhere, lies the truth.
Wish I had a crystal ball, and just trying to understand.
Keep on posting!
Phil - seeking |
