What gold prices look like. . .
derryb
Posts: 36,824 ✭✭✭✭✭
when currency confidence is lost:
Why the Argentinean situation should make you buy gold, unless of course you don't believe the US dollar is being debased by monetizing US debt.
Why the Argentinean situation should make you buy gold, unless of course you don't believe the US dollar is being debased by monetizing US debt.
"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
0
Comments
I like this one.
Knowledge is the enemy of fear
I'll buy my PM's for the reason of derryb's chart though as that's where the US dollar will 'eventually' go.
My further reasoning is I'm not in this for the short term profit but rather the 'preservation' of my wealth.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>Whats it look like in Russian Rubles?
I like this one. >>
Are you implying Russian Rublette?
<< <i>Cohodk...your link doesn't work for me but I assume it's a downward trendline.
I'll buy my PM's for the reason of derryb's chart though as that's where the US dollar will 'eventually' go.
My further reasoning is I'm not in this for the short term profit but rather the 'preservation' of my wealth. >>
The reference was in regard to most of us not living in Argentina or Russia. And yes, PMs will preserve your wealth just as do stocks and real estate.
Knowledge is the enemy of fear
<< <i>The reference was in regard to most of us not living in Argentina or Russia. >>
"This is not Zimbabwe," said one Argentinian to the other. "It can't happen here."
"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