Despite what the govt tells us, we’re in a recession that looks to be headed towards a depression. And this may be globally, not just domestic. Demand destruction can really destroy prices. Even with all the currencies sloshing around the planet looking for the next investment/bubble.
Based on the market violence in swings, I’d say this money is having a real problem finding a home it can stay in for a while.
October and November should be blood bath months in the markets as earnings should be exremely bad. And as the market finds out there really isnt a new bubble to get into, it’s going to go to long term hold and safe haven. The Fundementals of most assets are still way outta whack. Prices need to adjust down to make investment sense. This will probably drive gold up in price since most countries will increase debt to save their markets. Like the US is doing now. and as we’ve learned in the RE market, at a certain level debt is a killer.
This is just a train of thought I”ve had latley as I am thinking more about increasing my gold holdings as all currencies look sketchy to me for the next few years.
