Posted on 10/30/2012 9:28:49 AM PDT by blam
Guns and ammo will fall too.
Bomb shelters, survival gear, windup radios, zombie-bite antivenon...
Exactly the opposite will happen.
Since a collapsed economy would be good for gold, bring it on...
Exactly the opposite will happen.
I am significantly invested in gold, but I would rather have the economy rebound and financial markets stabilize, than have the gold price soar.
Why is someone THIS STUPID allowed to write articles?
Gold goes up as a protection against bad money policies.
It is a CONTRA-INDICATOR of a good economy
When things are humming along nicely Gold is cheap. When they are going to heck in a handbasket gold soars...
Duhhhhhhhhhh........
(not you blam, the article writer)
All that’s holding back inflation now (though I still assert that it’s being hidden through various means) is that there is no money velocity.
Everyone is hoarding their money out of fear of 0bama policies.
When the velocity picks up, whoa, Nelly! Too many dollars chasing too few goods.
If Prez Romney implements a fraction of what he promised, our economy will take off. There is a lot of pent up demand and corporate cash waiting for the right moment.
With the rest of the world in a slump, the foreign investors will bring trillions of dollars back to U.S. markets.
The lib media will howl as inflation takes off. U.S. equities, RE, and PMs should rise as well.
There is normally a time lag between increases in money supply and resulting inflation. Romney will get blamed for Bernanke’s and Obama’s folly.
BTW, Blam, thanks for your continuing excellent coverage of financial news. You perform a valuable service for your fellow Freepers.
Loose money policy is what Bernanke and Obama love. Romney getting in would mean a tighter money policy...bad for gold. No one can be as loosey goosey, as spendthrift and financial illiterate Obama. Obama only cares about spending Federal tax dollars on buying votes, affirmative action programs,food stamps, welfare, green energy and other idiocies
Bernanke just might resign if Romney gets in. Bernanke Fed term runs until 2014 but if Romney wants him out, I think he will accommodate
A voice of sanity in a sea of craziness.
Didn't Romney mention going back to a gold standard? That would do wonders for your investment, I would think.
It concerns me that there are so few who follow John Williams of Shadowstats, Jim Sinclair of Mineset, Dan Norcini on Trader Dan and the many voices on King World News. After 50 years of market watching I feel these folks are quite as wise as possible and they are pretty close to unanimous in being bullish for the gold and silver side and bearish on the fiat currency. They dont think we conservatives can turn our sinking economy around in time which is why one should hedge deeply as possible with physical bullion...
Bad news for gold is good news for the world.
The massive money printing and balance sheet expansion should ensure dollar devaluation under an inflationary depression with 0bama, and economic expansion, hopefully, under Romney. If Romney wins, all the dollars sitting on the sidelines will flood into the economy and likely produce inflation. The big question is whether a lot of the money sitting on the sidelines will be taken out of gold and into productive investments so that the gold price falls. I think at least in the short run, gold will fall with a Romney win as many switch from gold to energy investments.
already read this but thanks anyhow! much seems in accord with thinking shared by ‘wise men’ I follow and nice to think some other good voices out there!
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