GOLD = HOLD ?

pmcollectour

It appears there isn't much heavy buying right now.

Any bullion dealers want to chime in ???

Appears that many are cautious here about gold's next move.

derryb

If you don't need the cash, hold. Think of it as a savings account that pays better than the bank.

OnlyGoldIsMoney

There was plenty of heavy buying in the last week in December. I expect it will continue via the bandwagon effect.

I did my bit and I am glad I did. All of my current excess cash flow goes into Au and Ag. I have not added to savings since 2008.

derryb

I do believe the deflationist are on the cusp of being proven wrong. All of that new money that has been sitting on the sidelines is close to entering the game. As the economic promoters spread their false official economic numbers, business will begin to borrow and banks holding all that new money will begin to lend as demand rises and offers a better return than what the FED pays them to keep it on hold. Only way the FED will prevent this is to start telling the truth about the economy or pay the banks higher interest to keep the money on ice. Great for gold.

Timbuk3

I'm "holding" !!!

DrBuster

I've got, dire circumstances aside, 30+ years of holding left so long as I'm working and don't need it. If I ever let go. I imagine I will see some currency and country disfiguration in my lifetime within the USA, my gold will go with me through whatever that is.

streeter

As long as we have this deficit and Uncle has to borrow, then count on interest rates having a lid on them.

That certainly won't encourage people to save at the B of A.


Taxes are going up. fact
Banks aren't paying enough to offset inflation. fact
People will put their money where they get a return. fact

I look for the feds to make people buy fed debt.

And I think the feds will discourage commodity 'investment' as a way to hide/save money.

Next 5-10 years, tough time.

cohodk

I do believe the deflationist are on the cusp of being proven wrong

Very possibly. Im beginning to sense impatience.

derryb

<< <i>I do believe the deflationist are on the cusp of being proven wrong

Very possibly. Im beginning to sense impatience. >>


Just seeing more and more "consumer confidence growing" stories. Once consumers are convinced they are confident they will borrow more to get the stuff they've put off buying since 2009. Once business sees consumers buying more they will borrow from the banks to produce more. Once banks can get a better return on all that bailout money by lending to businesses and consumers they will put it to work on the street. Loads of new money on the street will result in price inflation, it's a law of physics. While I realize the FED thinks the lies will turn the economy around I hope the confidence thingy doesn't backfire on the tail waggers, but it will - our economy is way too fragile to be claiming it is in "recovery mode." Unintended consequences are the the most unexpected and damaging kind.

Konahead

<< <i>There was plenty of heavy buying in the last week in December. I expect it will continue via the bandwagon effect.

I did my bit and I am glad I did. All of my current excess cash flow goes into Au and Ag. I have not added to savings since 2008. >>




I was able to add some more gold during the last dip, need more funds

jdimmick

Not so much gold, but there has been the biggest surge in silver buyers back buying locally since the pre 49 per oz rise and fall.

CaptHenway

<< <i>If you don't need the cash, hold. Think of it as a savings account that pays better than the bank. >>

derryb

"I’m against selling any of the gold. As every day goes by, I see deflation in the things you own and inflation in the things you need." - Kyle Bass.

Fountainhead

<< <i>"I’m against selling any of the gold. As every day goes by, I see deflation in the things you own and inflation in the things you need." - Kyle Bass. >>



Time to short gold and buy stocks - at least today, given the good economic numbers. (Ultimately we may see inflation but I anticipate the Fed will break its promise on interest rates.)