Silicon Investor (SI) -- The First Internet Community

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 -- Ignore unavailable to you. Want to Upgrade?

To: blackletterlaw who wrote (109350)	1/8/2019 4:34:53 AM
From: RetiredNow	Respond to of 116752

yes, that is what I mean. The more volatility we see in the stock market, the more gold becomes a protection from disaster, which is why I said gold is a "disaster bid" or a haven. If the Fed gets dovish and stop QT and/or hikes, while our deficits continue to spin completely out of control, then gold is also a haven from that kind of foolishness as well. I still believe we haven't seen all the attacks against Trump yet. The Dems are just getting ramped up. When they get going, it has the potential to hamstring Trump and his agenda. Like him or not, he is business friendly, so that's going to roil markets. In addition, if folks like Ocasio-Cortez continue to get traction with their multi-trillion spending plans, that also will lead markets to believe deficits will balloon even further, if that's possible, which will be good for gold. I don't hold any gold right now, though, even though I think it has a place in diversified portfolios.