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So this old friend walked in the shop today.....

SUMORADASUMORADA Posts: 4,797 ✭
in Precious Metals

He is a retired stock broker executive, to my surprise.....he buys "umpteen thousands of dollars of gold bullion"image I'm flabbergasted, I have known this man for 15+ years...he's a stock guy, not a metal for delivery guy...until now, we talked for a while and he's afraid of what's coming?image ??

As I have stated many times here, I don't have a clue why Gold & Silver do what they do when they do it.....but today when this happened it really got my attention....???
coins on ebay

Comments

  • Norseman88Norseman88 Posts: 962
    This just might be the start of a blowoff in precious metals. When stockbroker's (who never want anyone invested in precious metals) start buying bullion because they are scared of what's coming I consider that very bullish.
  • jmski52jmski52 Posts: 22,838 ✭✭✭✭✭
    he's a stock guy, not a metal for delivery guy...until now, we talked for a while and he's afraid of what's coming?
    image??

    Did he mention what he thinks is coming?image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • COINB0YCOINB0Y Posts: 4,505
    Great Antidotal Info, Eric!

    I certainly have the same feeling.

    Despite the efforts of the PM Banks, a down thrust is NOT happening, and the dollar is collapsing.

    Socialists running country and spending Trillions, any reversal of this business contraction will rip across a recovering economy with a devastating inflation not ever seen in the USA.
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