Investors turn against gold
- Thread starter Jordan
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Momentum will eventually reverse itself. The big players will jump back in when they believe the time is right.
Michigan11
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Something to remember too is that most money today lies in the hands of the older generation, the boomers, which is what a 1/3rd of the population. The same population that still relies on tv for most of their information, while making excuses for why their kids and grandkids are underemployed or living in their house still.
Buy gold and silver, it's tax evaidable!
Buy gold and silver, it's tax evaidable!
I drove through Louisville yesterday , had a local radio station on , there was some ad on stating Baby boomers account for around 70 % of the spending in the economy there.
Michigan11
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Hey I am 100% with what you just said. I know austrian economics, and I know the real business world out there along with it. As the boomers have been aging, so has the economy. Aging like a cheap beer. The boomers aren't spending any longer as they were, and you can see the wealth has not been growing within the younger generations after them. The boomers believe it or not at their ripe elder age today are the big spenders still. Inheritance taxes are more like wrecking trains today.
My last girlfriend in Florida there, took care of her grandfather a doctor, who grew up on the streets of Detroit, then became a medical doctor, who then invested his small sums of savings in the stocks at the time, to grow into a considerable amount of money. Thanks to a loop hole in the tax structure that expired in the end of 2010, the inheritance was passed on in full amount. This amount today is carried on, invested in stocks, not returning a fraction of what they did during the previous decades, yet allows for a niced sum in todays standards.
I was also listening to the radio on Sunday, and they reported that disposable income today compared to 1980 (a huge recession from what I've heard, since I was very very young at that time).... well today disposable income had decreased 70% compared to 1980.
sailingaway
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bloomberg never liked gold. Bloomberg likes the fed.
How do they explain the discrepancy between the cost of physical and paper?
Honestly, gold could have been too high at peak, but it is going to be better over time, imho.
How do they explain the discrepancy between the cost of physical and paper?
Honestly, gold could have been too high at peak, but it is going to be better over time, imho.
Michigan11
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Something you won't hear in the media or on any investor show... The real world, the business world, is going more underground as time passes. The taxes and regulations wouldn't be as "big" of an issue if the consumer was still "king". As of late, the consumer has been dying. Businesses compete, and in many circles businesses know to compete best, they cut to survive, and there are real individuals behind businesses.
The same is true with investments. Put your money into an account, for taxation, when an uncertain reality on mainstreet is apparent, as well as an uncertain America. Or buy something you hold and can sell without being traced? This is a no brainer and I believe the real gold and silver investments are coming. This isn't a short term trend, it's all about survival, as in business today. The business owner today has no plan B, that is why evading regulations is happening, it'a about survival. Investments will mirror this reality.
Trends alway show up, then appear as they are dying down, before they explode in a more mainstream acceptance.
The same can be said of Ron Paul, after 08' died down, then 12' came it came up further, then it died down a bit, and the next phase of his ideology will come much further up. It's an upward trend. Dying trends are similar, from my view.
That is an interesting perspective .Myself I have been moving this way 20 + yrs , more so the past 13 and should be complete in the next 12 or so , if not before.
Ben is testifying this week before Congress. Oh how I will miss Ron's sessions with him.
awake
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I would say this is a solid signal that interest rates are about to move up. Gold does not pay interest, it only holds value in when governments manipulate the currency. Higher interest rates affect the precious metal market severely, as money chases for higher returns.
I would imagine so.
Zippyjuan
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I think we are still at least a couple of years away from the Fed raising interest rates. Gold has been declining since its peak in August 2011 at $1900 and interest rates have been unchanged. I don't think they are the reason that gold is still going down.
http://www.kitco.com/charts/popup/au0365nyb.html
Actually, no reason that gold is going down since 10 years !!
Carson
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The bubble that seems to be bursting to me seems to be paper gold and silver.
I'm thinking we are seeing paper prices and real asset prices part ways. If so, no telling what else will be taken out with it. What other bubbles burst. If it amounts to much it should end up reflecting in stock prices and the price of real gold a silver somewhat.
Still those that hold real assets should have solid wealth and value no matter how the reality of the make believe works itself out.
$27.26 at link post time;
http://www.blanchardonline.com/blanchard_products/silver_bullion_overview.php
$22.350 at link posting;
[video]http://www.kitco.com/charts/livesilver.html[/video]
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nobody's_hero
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People who are "investing" in gold SHOULD turn against it. I'm tired of these people driving up prices, trying to make a quick buck ,when I'm just looking to buy something that won't turn into poop in an economic collapse.
I've said it before and I'll say it again, metals should not be viewed as 'investments', but inflation hedges against fiat.
Similar to how 'investors' propped up the housing bubble, when I was just looking for a place to call home.
So please, 'investors,' sell all your shiny shit so that the rest of us can actually afford to prepare for the economic apocalypse.
I've said it before and I'll say it again, metals should not be viewed as 'investments', but inflation hedges against fiat.
Similar to how 'investors' propped up the housing bubble, when I was just looking for a place to call home.
So please, 'investors,' sell all your shiny shit so that the rest of us can actually afford to prepare for the economic apocalypse.
Too bad the physical buyers are just like you and send the metal into hiding once it's bought. It's the paper chasers that have been flushed out and drove the price up so much from the 1200-1900 level.
There is massive support at these levels and it's driven ENTIRELY by the physical metal.
The hard money savers/investors are not relinquishing their shinny.
There is massive support at these levels and it's driven ENTIRELY by the physical metal.
The hard money savers/investors are not relinquishing their shinny.
I just wanted to comment on the whole "baby boomers" bullshit. What generation in America DOESN'T depend on TV for it's perception of reality? Generational warfare incited by labeling every human who fits statistically within the narrow parameters of the label (as in what date you happened to be born or what color your skin is or what political party you registered with) is so obvious that I'm always surprised to see the next generation fall head over heels for it.
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Also wanted to mention that while all of the posted charts show "trends", as Zippy the Doo-Dah-Day is fond of mentioning, the obvious fact of those charts, that the gold/silver is charted by its relationship to how many USD it takes to buy an ounce of the stuff, is virtually never mentioned.
The charts simply show how many dollars it takes to buy an ounce of gold or silver without showing the trend of the purchasing medium.
The last time USDX was 85, silver was $11. Rather than chase dollars, smart investors accumulate PM and other hard assets. Faith in the USD is the weirdest religion ever devised. Bankers use it to con people out of their assets.
___________________________________________________
Also wanted to mention that while all of the posted charts show "trends", as Zippy the Doo-Dah-Day is fond of mentioning, the obvious fact of those charts, that the gold/silver is charted by its relationship to how many USD it takes to buy an ounce of the stuff, is virtually never mentioned.
The charts simply show how many dollars it takes to buy an ounce of gold or silver without showing the trend of the purchasing medium.
The last time USDX was 85, silver was $11. Rather than chase dollars, smart investors accumulate PM and other hard assets. Faith in the USD is the weirdest religion ever devised. Bankers use it to con people out of their assets.
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