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Fed interest rate announcement 7/31 and gold

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  • coinpalicecoinpalice Posts: 2,453 ✭✭✭✭✭

    anyone care to guess what gold will close out at today?

  • MsMorrisineMsMorrisine Posts: 33,078 ✭✭✭✭✭

    I can't predict tweets!

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • edited August 14, 2019 5:44AM
    This content has been removed.
  • derrybderryb Posts: 36,823 ✭✭✭✭✭

    So, recent tariffs to be postponed to allow FED time to rethink lowering rates so that economy will "look" better (more loan money for equity investments = higher stock market).

    Lower rates can only spell more trouble. Consumer debt is already higher than during 2008 crisis.

    While lower rates ease current sovereign debt interest, they promote increased borrowing that will result in a higher national debt that will eventually face higher interest rates/payments down the road.

    The FED should be raising rates.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,123 ✭✭✭✭✭

    @derryb said:
    The FED should be raising rates.

    Novel idea. Never heard that before. LOL

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,823 ✭✭✭✭✭

    What gold is not and what gold is

    Three Things Gold Isn't

    A function of the US dollar in any meaningful way
    A measure of inflation
    A good hedge against inflation, except extreme inflation and hyperinflation where any storable asset is a hedge.

    So What Is It?

    In addition to being money for thousands of years, the price of gold is primarily a measure of faith in central banks.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,123 ✭✭✭✭✭

    Funny how the stated attributes of gold change with its relative value to other assets.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,823 ✭✭✭✭✭
    edited August 18, 2019 6:39AM

    @cohodk said:
    Funny how the stated attributes of gold change with its relative value to other assets.

    they only change to those known to flip flop. The rest of us know what gold has always been.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • derrybderryb Posts: 36,823 ✭✭✭✭✭

    confidence must be maintained under all circumstances.

    "This has been the game for 10 years and hence any market drops that would add pressure to confidence must be averted. You really think it’s an accident we see intervention always at the point of serious trouble?"

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,123 ✭✭✭✭✭

    @derryb said:

    @cohodk said:
    Funny how the stated attributes of gold change with its relative value to other assets.

    they only change to those known to flip flop. The rest of us know what gold has always been.

    Being wrong all the time does indeed allow oneself to be intimate with lack of confidence

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,823 ✭✭✭✭✭

    @cohodk said:

    @derryb said:

    @cohodk said:
    Funny how the stated attributes of gold change with its relative value to other assets.

    they only change to those known to flip flop. The rest of us know what gold has always been.

    Being wrong all the time does indeed allow oneself to be intimate with lack of confidence

    hang in there, you'll get better at it. . . hopefully.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,123 ✭✭✭✭✭
    edited August 19, 2019 1:14PM

    @derryb said:

    Sure looks like a lot of money was made over that past decade for those slept while wearing rose colored glasses. Even the squiggly line is rose colored. Haha

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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