Bullish on Gold?

VanHalen

Somebody is.............gold-saying-get-ready-upside

blitzdude

With the country headed to bankruptcy one would think everyone were bullish on gold. I certainly am but with the GSR north of 80 I feel compelled to be even more bullish on silver. (Although wouldn't be surprised to see the ratio go even higher).

TwoSides2aCoin

Buying , selling and preaching. Not doing too good on the latter. I enjoy the stuff anyway.

ricko

Gold is a wise investment... sure, cash is king... until it is not. Something has to be done about the debt....and it will be - one way or the other. Cheers, RickO

PerryHall

The ballooning national debt will eventually be unsustainable and will have to be paid down through inflation as has happened throughout history.

CaptHenway

@PerryHall said:
The ballooning national debt will eventually be unsustainable and will have to be paid down through inflation as has happened throughout history.

Indeed. The recent insane tax cut bought and paid for by the Koch Brothers will bankrupt our country, but they don't give a flying fandango!

jmski52

Reducing the size of the bloated government bureaucracy would have a lot more impact than anything having to do with tax cuts, whether the Koch brothers have anything to do with it or not ( which is a dubious statement at best, since you might have exactly the same complaints about Bill Gates, Warren Buffett, or Michael Bloomberg when it comes to buying senators and critical votes.). And let’s not forget Goldman Sachs or the Rockefellers, or Jamie Dimon.

topstuf

I'm ready to keep the illegals and toss out the gov't jobs pensioners.

Ow. Not so hard.... OW!

topstuf

Although it's only today, seeing that gold rocket up is kinda pleasing.

Maybe someone somewhere is BEGINNING to recognize that debt ain't all a bowl a cherries.
And debt DOES matter.

http://time.com/5146313/donald-trump-budget-plan/

Eventually and justifiably.

What can the banks do now to keep up their game?

VanHalen

@jmski52 said:
Reducing the size of the bloated government bureaucracy would have a lot more impact than anything having to do with tax cuts, whether the Koch brothers have anything to do with it or not ( which is a dubious statement at best, since you might have exactly the same complaints about Bill Gates, Warren Buffett, or Michael Bloomberg when it comes to buying senators and critical votes.). And let’s not forget Goldman Sachs or the Rockefellers, or Jamie Dimon.

There are plenty of corporate donors who have bought off D.C. The Koch Brothers are on the list as are many others you've noted. The amazing thing is the $21 trillion Federal debt pales in comparison to state/local gov't debt that exceeds $30 trillion today. Total debt in the U.S. is $70 trillion. Personal debt is less than $20 trillion if just barely.

usdebtclock.org/

Total annual government spending in the U.S. is HALF of our $18 trillion economy. $9 trillion a year.

EDIT: Oops. Should have had state/local gov't debt as exceeding $3 trillion, not $30 trillion. Mea culpa.

Kkathyl

Debt is how elite keep power. It is a game of give away till it is all gone. At some point a promise to pay become an apology and that day is in the horizon. Its 5am as the sun burst through the clouds, what do you see as it rises. how many fair weather friends will still be standing by our side? Its a big unknown right now. Prepare for the storm, hope for a clear day.

chumley

lets see....I own a @2.50 piece and a$5 piece....so not real bullish

Timbuk3

I'm bullish !!!

OnlyGoldIsMoney

Inexplicably gold rose one day after I added two ounces at $1,339 each.

My idea of "bullish" is steadily building a gold position, not suggesting others buy gold and avoiding rosy future price predictions.

VanHalen

@VanHalen said:

@jmski52 said:
Reducing the size of the bloated government bureaucracy would have a lot more impact than anything having to do with tax cuts, whether the Koch brothers have anything to do with it or not ( which is a dubious statement at best, since you might have exactly the same complaints about Bill Gates, Warren Buffett, or Michael Bloomberg when it comes to buying senators and critical votes.). And let’s not forget Goldman Sachs or the Rockefellers, or Jamie Dimon.

There are plenty of corporate donors who have bought off D.C. The Koch Brothers are on the list as are many others you've noted. The amazing thing is the $21 trillion Federal debt pales in comparison to state/local gov't debt that exceeds $30 trillion today. Total debt in the U.S. is $70 trillion. Personal debt is less than $20 trillion if just barely.

usdebtclock.org/

Total annual government spending in the U.S. is HALF of our $18 trillion economy. $9 trillion a year.

Oops. Should have had state/local gov't debt as exceeding $3 trillion, not $30 trillion. Mea culpa.

metalmeister

I re-entered my NUGT position in the mid $20's. So Yes I am bullish on Gold.

onlyroosies

Who is bullish enough to buy 40 AGE's at spot?

cohodk

@onlyroosies said:
Who is bullish enough to buy 40 AGE's at spot?

Is there risk in buying AGE's? More than any other asset?