Home › Forums › Financial Markets/Economics › A Golden double-edged sword
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scaredyclassic.
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December 6, 2009 at 9:12 PM #491827December 6, 2009 at 9:20 PM #490961
moneymaker
ParticipantGold will not trully take off until we have high (double digit) inflation, that may not be for awhile. Maybe as a country we should be investing in education and preventative medicine(health care). I’m all for helping out struggling countries but not at the cost of American jobs. Perhaps a stronger foreign exchange program with other countries will motivate all of us to do better.
December 6, 2009 at 9:20 PM #491127ParticipantGold will not trully take off until we have high (double digit) inflation, that may not be for awhile. Maybe as a country we should be investing in education and preventative medicine(health care). I’m all for helping out struggling countries but not at the cost of American jobs. Perhaps a stronger foreign exchange program with other countries will motivate all of us to do better.
December 6, 2009 at 9:20 PM #491509ParticipantGold will not trully take off until we have high (double digit) inflation, that may not be for awhile. Maybe as a country we should be investing in education and preventative medicine(health care). I’m all for helping out struggling countries but not at the cost of American jobs. Perhaps a stronger foreign exchange program with other countries will motivate all of us to do better.
December 6, 2009 at 9:20 PM #491598ParticipantGold will not trully take off until we have high (double digit) inflation, that may not be for awhile. Maybe as a country we should be investing in education and preventative medicine(health care). I’m all for helping out struggling countries but not at the cost of American jobs. Perhaps a stronger foreign exchange program with other countries will motivate all of us to do better.
December 6, 2009 at 9:20 PM #491832ParticipantGold will not trully take off until we have high (double digit) inflation, that may not be for awhile. Maybe as a country we should be investing in education and preventative medicine(health care). I’m all for helping out struggling countries but not at the cost of American jobs. Perhaps a stronger foreign exchange program with other countries will motivate all of us to do better.
December 6, 2009 at 11:42 PM #491016scaredyclassic
Participantinflation yes.
but also some other currency crisis.
there is also as mentioned above a very real possibility that the price of gold in your hand may on some future date be worth a LOT more than the price of paper gold. There is “conspiracy talk” about a major default on the commodity exchanges where gold is exchanged. That if they really had to settle up a nd deliver actual gold on contracts, it wouldn’t actually happen, and people would want the real stuff instead of a paper promise.
possible? heck yeah. that’s why CEF shares are a middle bet. they actually have the gold and silver in the vault, not a series of contracts and paper bets and derivatives and whatnot.
still, ona chaotic trading day with the us dollar in a true freefall, i would not be surprised to see the spot price of physical gold be twice the paper price or more….
December 6, 2009 at 11:42 PM #491182Participantinflation yes.
but also some other currency crisis.
there is also as mentioned above a very real possibility that the price of gold in your hand may on some future date be worth a LOT more than the price of paper gold. There is “conspiracy talk” about a major default on the commodity exchanges where gold is exchanged. That if they really had to settle up a nd deliver actual gold on contracts, it wouldn’t actually happen, and people would want the real stuff instead of a paper promise.
possible? heck yeah. that’s why CEF shares are a middle bet. they actually have the gold and silver in the vault, not a series of contracts and paper bets and derivatives and whatnot.
still, ona chaotic trading day with the us dollar in a true freefall, i would not be surprised to see the spot price of physical gold be twice the paper price or more….
December 6, 2009 at 11:42 PM #491564Participantinflation yes.
but also some other currency crisis.
there is also as mentioned above a very real possibility that the price of gold in your hand may on some future date be worth a LOT more than the price of paper gold. There is “conspiracy talk” about a major default on the commodity exchanges where gold is exchanged. That if they really had to settle up a nd deliver actual gold on contracts, it wouldn’t actually happen, and people would want the real stuff instead of a paper promise.
possible? heck yeah. that’s why CEF shares are a middle bet. they actually have the gold and silver in the vault, not a series of contracts and paper bets and derivatives and whatnot.
still, ona chaotic trading day with the us dollar in a true freefall, i would not be surprised to see the spot price of physical gold be twice the paper price or more….
December 6, 2009 at 11:42 PM #491653Participantinflation yes.
but also some other currency crisis.
there is also as mentioned above a very real possibility that the price of gold in your hand may on some future date be worth a LOT more than the price of paper gold. There is “conspiracy talk” about a major default on the commodity exchanges where gold is exchanged. That if they really had to settle up a nd deliver actual gold on contracts, it wouldn’t actually happen, and people would want the real stuff instead of a paper promise.
possible? heck yeah. that’s why CEF shares are a middle bet. they actually have the gold and silver in the vault, not a series of contracts and paper bets and derivatives and whatnot.
still, ona chaotic trading day with the us dollar in a true freefall, i would not be surprised to see the spot price of physical gold be twice the paper price or more….
December 6, 2009 at 11:42 PM #491887Participantinflation yes.
but also some other currency crisis.
there is also as mentioned above a very real possibility that the price of gold in your hand may on some future date be worth a LOT more than the price of paper gold. There is “conspiracy talk” about a major default on the commodity exchanges where gold is exchanged. That if they really had to settle up a nd deliver actual gold on contracts, it wouldn’t actually happen, and people would want the real stuff instead of a paper promise.
possible? heck yeah. that’s why CEF shares are a middle bet. they actually have the gold and silver in the vault, not a series of contracts and paper bets and derivatives and whatnot.
still, ona chaotic trading day with the us dollar in a true freefall, i would not be surprised to see the spot price of physical gold be twice the paper price or more….
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