Gold Price … The Trend Is Your Friend
crystalline gold nugget
Two years ago gold was around $650 an ounce. Today it’s at $950.
Two years ago the DJIA was at 13,500, today it’s at 8300. S&P500, two years ago, 1500. Today, less than 900. Nasdaq, two years ago, 2600, today 1700.
Look at those numbers and tell me which trend is your friend now?
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Good gold investment info. Fun website! Would it be fine if I use it as a reference if I link to it from my site?
Those hurting the most with gross unfairness are those paying mortgages on time owning homes devalued far below original cost. It’s very tempting for these folks who can move or even rent elsewhere to return keys to the bank (jingle mail) and just walk out. Millions of these cases exist today with older loans at $250,000 plus their down payments, now discovering their $300,000 home is worth $150,000. Further, it might be another 20 years before old values return. Talk about paying on a dead horse!
Gold Coins
Gold is the one currency that you can’t print too much of and can’t devalue with a formal statement, so people will always tend towards buying gold when money is suspect. Money is suspect now, and while gold has dropped recently – because of dollar buying – longer term, and I mean from now (fundamentally and technically {according to my reading of the charts}), gold is starting an uptrend. I took my profit on short gold today and now I’m long, through ETF,
Get ready for super inflation and be strongly prepared to have your standard of living not only reduced but maybe cut in half.
Metal Detectors
There’s a tidal wave of money being created and pushed at the system by the wave machine in the basement of the Fed. As the perceived deflationary pressures increase the wave machine will be turned up to ever-higher settings.
Expect this to get underway in earnest once stimulus plans have been enacted and stimulus money has begun to flow. Gold could very well fall until that time, it could be months. So what? If I part with physical now, will I be able to get it back? I choose not to gamble.
Prospecting Equipment
Take a look at the purchasing power of the US$ for the last 100 years. What the trend clearly shows is that it is in steady decline. Also there have been very few times where the average investor has been able to get a real return (rate of return minus inflation rate) on their investments. This is forcing many investors to consider gold. Proper timing of entry and exit points will provide an acceptable level of wealth preservation. If that way of thinking deems me to be labeled as a “goldbug” then so be it.
Silver Nuggets