[quote=peterb]I have been researching this issue quite a bit lately. The last 3 recession have seen gold go down in price for the duration of the recession. 1972, 1980 and 1990. So Roubini has recent history on his side for this call.
However, economic historians with strong forecasting skills like Bob Hoye and Marc Faber say that gold increases in price after a large credit bust like what we’re having right now. (This is a far more rare event than the more typical recessions we’ve seen in the past 30 years.) Both the ElliotWave and Candle Stick charts are extremely bullish for gold right now as well.
peterb…what do you think about having cash available? Do you think we will have limited access to cash/atm withdrawls?
I guess we are all just trying to make sense of what could happen. There are so many rumors; I just want to be as best prepared as I can.
