🔴 Warning To Gold Buyers: S#!% IS HITTING THE FAN | Doug Casey
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Warning To Gold Buyers: S#!% IS HITTING THE FAN | Doug Casey
Viking
Yellow Jacket
Viking
Yellow Jacket
I almost pulled the trigger last week during the big intraday dip, but was hoping for $2300s. Things are moving way too fast to hope for a retracement to the 200-day moving average.
We may not see gold spot under $2300 until Trump takes office and they blame him for the recession while he is being sworn in.
We may not see gold spot under $2300 until Trump takes office and they blame him for the recession while he is being sworn in.
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Didn't listen to it but I am sure it's like everything else we have been hearing for the last 15-20 years: silver to the moon!
I don't think we'll ever see it lower, again...maybe temporarily, as they monkey-hammer the price with paper derivatives; but not as consistent range.
Because the dollar's value has been seriously undercut. STOPPING inflation is not the same as prices returning down. That would require DE-flation - removal of dollars from the money supply - and THAT is not going to happen. Deflation is Kryptonite to banksters and cronies; our system is geared around expanding debt and inflation.
What's the best time to buy? Oh, about 22 years ago, when gold was ignoring the slow-but-steady systemic inflation...just before its first pop from about $250 to $650. Prior to that, stawx were where the Smart Money was; trying for Alpha with little risk.
Those days are gone. The next best time to buy gold is, yesterday.
Today is all you have. Tomorrow you may not be able to buy it. Just remember...the price in dollars is irrelevant except as a limit on how much you can buy. Gold's VALUE is mostly constant.
An ounce of gold would buy a man a tailored suit in 1850. Or today.
An ounce of gold would be a skilled craftsman's wages, equivalent, in 1900. Or today.
So, get what you can. I did, back 20 years ago...and I've tripled my dollar-worth, and kept pace with the stonk indices; and that's about the best you can hope for in this climate.
I have been buying random krugerrands and 100 coronas at spot. Also, 20 francs, random 1/4s and cleaned pre-1933 $5/$10 coins at spot + $40 per ounce.
The velocity of spot price increases has never been faster in my adult life. I looked back at the charted, but there is nothing like living through it and noticing.
I saw Warren Buffet took profits on his Apple stock and is going to a large cash position in his portfolio. Sooner or later depending on who is in office the FED or Treasury Secretary will need to declare a recession and spook the markets. That might be a good buying opportunity.
The velocity of spot price increases has never been faster in my adult life. I looked back at the charted, but there is nothing like living through it and noticing.
I saw Warren Buffet took profits on his Apple stock and is going to a large cash position in his portfolio. Sooner or later depending on who is in office the FED or Treasury Secretary will need to declare a recession and spook the markets. That might be a good buying opportunity.