Dow to 50,000 and gold to 300 over next four years?
With stocks at all time highs, the dollar at all time high, and with the rich and corporations about to get a gargantuan tax cut under a Trump Presidency, and the second amendment saved, I need someone to convince me why gold wont go back down to $300 or so an ounce where it was not too long ago. We all want to make money but just cant see how the stock market is not the place to be for the remainder our lifetimes. Im 46 and Ive see the 87 stock market "crash" the 2000 tech bubble "crash" and the 2008 "crash". Yet here we are making daily highs in the stock market again. The doom and gloomers (of which I have been one many times) are the people who flock to gold and silver, yet time and time again, the best place to keep your money is the same place where 99.9999% of the world's wealthy keep their money and made their money---- stocks-----. Will there be another stock market correction in my lifetime? sure, but will the stock market come roaring back to new highs, just like it always does? just as the sun will come up every morning, the stock market will always rebound. I just dont see any more reason to put much capital into gold and silver when that capital can be better deployed in the stock market. seems like putting money in stocks for the foreseeable future and then selling those stocks at much higher prices, then taking those profits and buying precious metals when gold is back down to 400 an ounce in a few years seems like a winning strategy. Many people bought gold as an alternative to the dollar and stocks, but those are at all time highs and at least in our lifetime there does not appear to be any legitimate alternative to the all mighty dollar. Some day perhaps, but for the next 50 years, there is no viable alternative to the dollar even if our debt grows to $100 trillion because no other country has a currency backed by any hard asset. We are in the throes of of the worlds largest creation of wealth, with new billionaires being minted every day (yes its on paper, but those billionaires are able to buy homes, yachts, gold watches, gold bars, gold cars, gold jewelry, etc with that "paper wealth" so its real wealth if they can buy hard assets with their stock market gains). If someone can tell me how or why it will end before I die, I am all ears.