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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (71821)	6/10/2015 10:10:41 AM
From: robert b furman	Read Replies (2) \| Respond to of 222305

HI GZ, I've never done gold. Long term - I think it has been being hyped for a long time. I cringe when William Devine (sp?) does that same old ad "whats in your safe". We are in an over levered economy that popped in excess back in 2008. Much debt has been written off - but those who saved their credit still are paying down their debt. It has been 7 years, and it is getting better. I do still believe the debt overhang many have is the cause of our slower than normal recovery. This lack of demand coupled with excess capacity in manufacturing (the Chinese over expansion of manufacturing - that is just now catching up with them) has us in a deflationary economy. Just like a bad hangover it will take a long time for us to pay down that debt and then get confident. Gold is a legit hedge against inflation. The fact that it has been in such a long donw turn tells me something = dead money with no dividend. I wouldn't want my money in that arena. I'm not now and really never was a gold fan - guess it shows eh? I've buried most of my money in semi stocks and they've been dead money for almost 13 years - (fianlly getting better there). That's just my opinion and I am not by any means a student of gold price action. Bob