Gold Price Monitor 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.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.64

+1.2%

Dec 17 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Gary who wrote (16912)	8/29/1998 5:38:00 PM
From: goldsnow	Read Replies (1) of 116815

Gary, I do not have an opinion on Mr. Armstrong forecasts..other than posts on this thread I do not follow his work...The problem with analysis of the World Economy in general and how it applies to USA market or commodities or Gold in general I view as unscientific at best....and largely based on intuition and experiences..Since no one has experience in Deflation and not many in Bear Market that is broad World based, one must draw lessons from the history....and Gold looks good from every historic perspective....and look especially good when compared to stocks and other commodities....Since in majority of the World Gold depreciated far less than their currencies (except for USA$ that can only strengthen the historic precedent... to say that USA is immune to this phenomenon....IMO as credible as AJC stance that Russa has no bearing on USA Market... Even more to say that you must sell gold (or oil) first to convert it to currency to pay Visa, is as much relevant as to say that you must work first to get money...If you do not have job, but have Gold you are alright, evn more than that if you live in Korea, unless you donated it to the GVN, so they can sell it for themselves.. The real question as an investor say in a Bear Market, would you be able to buy More Stocks even if Gold drops to 250 (say USA market drops to 6000. But who said you must buy USA, what if Nikkei is 8000-your Gold World Wide would surely looks good..

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next