Time for Gold to turn?
- Thread starter lukep
- Start date
I think Gold and other metals have a significant place in one's portfolio due to the hedging ability it has. During the 2007 recession, if one had 20% in hard assets, the net portfolio worth would be substantially higher than a portfolio focused entirely on equities and fixed income. Remember, equities fell about 50%. A 50% loss on total assets in an entirely equity based portfolio is devastating.
It has its place in a well balanced portfolio.
It has its place in a well balanced portfolio.
The guy that published this report is one of my really good friends that lives in my apt building.
I actually posted the report to his website for dissemination. Unfortunately, I didn't get in on the action because conflict of interest. However, I can let you guys know when he publishes his next report.
He has published a few already and each stock has dropped like a rock
The argument is that the stock market is a QE bubble which will collapse sooner rather than later. The alternative is a decade(s) long slow recession like Japan.
The fundamentals have not changed. Debt going up, money being printed, shifting political and military power.
I just read Jim Rogers stating the above. As long as the Fed are printing money with no end in sight, then gold is likely going to go up semi-long term.
If you're investing in gold for a dooms day scenario, I'd back up that investment with a few AR-15s
For doomsday, gold is good. But you'd probably be better invested buying lighters, first aid, small knives, butane re-fillers and water purifiers.
They will be worth their weight in gold.
They will be worth their weight in gold.
It's good to see all of this negative sentiment. All of the people who bought gold only because it was going up are being flushed out. Like Rusvik said, the fundamentals have not changed. This is a buying opportunity.
Apples and oranges. Store both, instead of sniping on what is better. Gold has been money for many thousands of years. Modern banks still prefer gold. Whatever people want to say about bankers... they aren't dummies.
1, Very unlikely to be true in a real sense. The 'unemployment' metrics fall for reasons that are contrary to a healthy economy. People stop looking for work. and "looking for work" is what makes someone "unemployed."
2, S&P at an all time high, measured by what? Dollars?
3, measured by what? Dollars?
Anyone who thinks the economy is doing better needs to have their head examined... After I sell them my beachfront real estate in Kansas.
I'm not saying that we're going to have a collapse of civilization or anything, but damn, it's done nothing but get worse since the housing bubble burst and the only people saying otherwise are politicians!
The US, the EU, China, and especially Japan are all printing WAY too much money right now. It's not just unsustainable, it's never been done before on this level, and it's just tempting fate.
At the least I expect for the USD to become less and less useful around the world as each buck marches downward to become worth a penny in the next decade. That's a best-case scenario; but some war is going to pop up sometime and make it much worse, I'm pretty certain.
If you have any brains, you won't be stocking your basement full of gold bars and ammo; you'll be moving to a civilized country that isn't printing like there's no next term.
BTW, saw this today:
Democratizing Gold? | Zero Hedge
Gold users trying to stay relevant in a world where we've already learned how to teleport our wealth anywhere instantly.
A+ for effort tho.
I'm not saying that we're going to have a collapse of civilization or anything, but damn, it's done nothing but get worse since the housing bubble burst and the only people saying otherwise are politicians!
The US, the EU, China, and especially Japan are all printing WAY too much money right now. It's not just unsustainable, it's never been done before on this level, and it's just tempting fate.
At the least I expect for the USD to become less and less useful around the world as each buck marches downward to become worth a penny in the next decade. That's a best-case scenario; but some war is going to pop up sometime and make it much worse, I'm pretty certain.
If you have any brains, you won't be stocking your basement full of gold bars and ammo; you'll be moving to a civilized country that isn't printing like there's no next term.
BTW, saw this today:
Democratizing Gold? | Zero Hedge
Gold users trying to stay relevant in a world where we've already learned how to teleport our wealth anywhere instantly.
A+ for effort tho.
it won't be a war, it will be a collective US credit rating downgrade, which given our radically eroding national debt to income level will happen whether we default (we won't) or we try to print our way out (we will).
either way, that will lead to the US losing global reserve currency status, and then... LOL. well, then boys, hang on to your shorts, because MSNBC propaganda and historical charts won't help anyone any longer, its global financial armageddon and the US collapse will suck every traditional instrument down like the fucking Titanic. the US dollar will be a literal joke and you'll all be standing in fucking breadlines with gaping assholes.
Ok I will bite...
Sounds interesting, but you aren't stating any facts, that's just like your opinion
Look, maybe the stock market isn't a QE bubble but the dollar was deflationary in 2009, proof me wrong?
I think it's not possible to argue on such a level (random hypotheses that aren't backed up by anything).
Btw why is Jim Rogers giving 2 interviews per day? Also, ever noticed he and Marc Faber were pretty wrong for the last few years?
This, or gold is going back to where it was for the last 500000 years average.
Ok, so give us your inflation conspiracies already
Sounds interesting, but you aren't stating any facts, that's just like your opinion
Look, maybe the stock market isn't a QE bubble but the dollar was deflationary in 2009, proof me wrong?
I think it's not possible to argue on such a level (random hypotheses that aren't backed up by anything).
Btw why is Jim Rogers giving 2 interviews per day? Also, ever noticed he and Marc Faber were pretty wrong for the last few years?
This, or gold is going back to where it was for the last 500000 years average.
Yes, but never before at this kind of valuation (inb4 inflation conspiracies)
Ok, so give us your inflation conspiracies already
the fed is eroding the dollar at a rate of $80 billion per month & this 10 post red-brick wonder is calling it a non-conspiracy. you may be right... maybe its pure dumbfuckery.
there doesn't seem to be a great correlation between post count and economic wisdom here.
you don't really understand what this $80 billion is doing, do you?
Oh please enlighten us good sir!
And while you're at it, do tell us how you feel about the Austrian school, alrighty?
yeah, i'm clueless on what an $80 million infusion into the national economy (and the national balance sheet) does, month after month after month.
before your 13th post, warm up to the fact that you're not the sharpest tool at wickedfire. this isn't DP. we aren't housewives looking for an extra hundy on the weekend.
what that extra $80 billion is doing on the national stage is child's play logic here, so if you want to impress someone, stick to reddit.
did it occur to you that most of the money is not in circulation?
did it occur to you that QE was there to battle deflation?
There are in fact 2 users ITT that I have hired in the past to do grunt work for me, so I believe some here would as well suck my cock for a "hundy" lol
Austrian school, let me see.
Marc Faber and Rogers have been warning about stock market crashes since 2009. I even subscribed to Fabers report and received "emergency warning" notification about imminent stock market crashes.
Nuff said, I lost a lot of money because I listened to austrians over the last couple of years.