The case for $10,000 gold. . .

derryb

@dcarr said:

Whom should I believe in this thread ?

Several posters who provided thoughtful commentary on the subject ?

Or the one poster who admits to pulling fake numbers out of his arse and makes false statements about having an engineering/physics degree ?

"It is impossible to get a man to understand something whose livelihood relies on him not understanding it." - Upton Sinclair

stevek

@derryb said:

@stevek said:
Unless there is some unforeseen catastrophic event, gold won't even come remotely close to sniffing 10k, or 5k for that matter, "By the end of the decade."

The event from 4 weeks ago solidified that.

world events guarantee at least $5K

In this crazy world, I wouldn't bet against ya.

But even if that were to happen, I still firmly believe the better way to own gold is thru gold coins, and that's exactly what I intend to do. That being said, it's just a small part of my investment portfolio. No belabored discussion about it, but stocks the next four years and perhaps certain cards and coins in my viewpoint, are the ideal way to maximize returns.

blitzdude

@stevek said:

@derryb said:

@stevek said:
Unless there is some unforeseen catastrophic event, gold won't even come remotely close to sniffing 10k, or 5k for that matter, "By the end of the decade."

The event from 4 weeks ago solidified that.

world events guarantee at least $5K

In this crazy world, I wouldn't bet against ya.

But even if that were to happen, I still firmly believe the better way to own gold is thru gold coins, and that's exactly what I intend to do. That being said, it's just a small part of my investment portfolio. No belabored discussion about it, but stocks the next four years and perhaps certain cards and coins in my viewpoint, are the ideal way to maximize returns.

The stock market has been absolutely on fire these past 4 years. With the exception of the 4 year period under Clinton during the dot com runup there has been no better time to be invested in stocks. I would be cautious about that trend continuing. Diversification amongst many assets is key. THKS!

derryb

Philadelphia Fed Admits US Payrolls Overstated By At Least 800,000

Once again liars figure and figures lie just to boost the stock market and to grow faith in our economy. Both are being set up for a hard landing.

Got gold? Get gold!

GoldFinger1969

@derryb said:
Once again liars figure and figures lie just to boost the stock market and to grow faith in our economy. Both are >being set up for a hard landing.

If the economy is weak, that's negative for gold.

Benchmark and annual revisions render the monthly estimates from payrolls and establishments highly volatile. They have NOTHING to do with lying.

derryb

@GoldFinger1969 said:

@derryb said:
Once again liars figure and figures lie just to boost the stock market and to grow faith in our economy. Both are >being set up for a hard landing.

If the economy is weak, that's negative for gold.

If the economy is weak, that's negative for the dollar's value (it's spending value, not what some irrelevant dollar index says).

A weak dollar is positive for gold. Gold's recent all time high confirms the dollar is weak.

derryb

RedneckHB

.> @derryb said:

@GoldFinger1969 said:

@derryb said:
Once again liars figure and figures lie just to boost the stock market and to grow faith in our economy. Both are >being set up for a hard landing.

If the economy is weak, that's negative for gold.

If the economy is weak, that's negative for the dollar's value (it's spending value, not what some irrelevant dollar index says).

A weak dollar is positive for gold. Gold's recent all time high confirms the dollar is weak.

My dollars go a lot further in a weak economy. If yours don't then maybe you're doing it wrong.