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Viewing 11 posts - 1 through 11 (of 11 total)
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  • January 23, 2017 at 12:21 PM #22256
    moneymaker
    Participant

    So if we have protectionism then we will get inflation and gold will go up. If there is a recession then there will be fear and gold will go up. Trying to think of a scenario where gold does not go up. Anybody have one? Hate to sound like a gold bug but just don’t like other investment avenues right now i.e. stocks,bonds,real estate. Investing in a personal business might be good… but if recession then? Remember it is Trump’s favorite color, mine is green!

    January 23, 2017 at 12:49 PM #805058
    moneymaker
    Participant

    As far as getting rid of regulations I think a lot of that is a red herring at least in most states, CA may be the exception. Many jobs leave here because the workers elsewhere will work for less, partly because it is cheaper to live there than here. Jobs that use a lot of energy like production of steel, gold mining, glass production, solar panels, are probably best left over seas as long as they are made with quality. We need jobs here that are not so dependent on the price of oil.

    January 23, 2017 at 12:58 PM #805059
    spdrun
    Participant

    Why? Energy is very cheap in the Pacific Northwest due to a surplus of hydro-electric power.

    January 23, 2017 at 1:26 PM #805061
    moneymaker
    Participant

    That is good for them up there. Is there much in the way of manufacturing up there? I know Buck Knives moved to Idaho for that very reason.

    January 23, 2017 at 2:44 PM #805063
    FlyerInHi
    Guest

    Come to thing of it, isn’t idaho doing that same thing China is doing? Maybe we should have federal laws to prevent poaching of businesses.

    January 23, 2017 at 3:16 PM #805064
    moneymaker
    Participant

    No, Trump says that is healthy competition between the states. I guess I’ll have to read his book “Art of the Deal” in order to be able to predict his behavior better.

    January 23, 2017 at 5:23 PM #805069
    FlyerInHi
    Guest

    I think those damn third rate states are stealing our businesses. They took what is rightfully ours. They don’t produce anything but farms and carbon fuels. And we have plenty of that too

    January 23, 2017 at 5:39 PM #805070
    spdrun
    Participant

    That is good for them up there. Is there much in the way of manufacturing up there? I know Buck Knives moved to Idaho for that very reason.

    Portland and Seattle both have shipyards and marine manufacturing. Also, aluminium smelting — takes a lot of electricity.

    January 26, 2017 at 11:37 AM #805146
    moneymaker
    Participant

    I see your sarcasm FlyerInHi and I’ll raise that Trump can’t do anything to repel the red tape in CA. The competition between the states is really all about regulation and taxes, all self imposed. So it does level out and reach equilibrium eventually. People leave and then they come back, I haven’t left yet but I know a few that say when they retire they are leaving, we’ll see if they walk the talk.

    January 26, 2017 at 5:39 PM #805155
    The-Shoveler
    Participant

    Back to the original question (Gold what could cause it to go down)

    I see two possibilities IMO.

    1) Recession in Asia (that includes India).

    2) Stronger USA Dollar.

    Anyway just my opinion.

    January 26, 2017 at 5:56 PM #805156
    Coronita
    Participant

    Asia… Pffff. I’d say the trade war starts with mexico. And that’s going to screw up some of the old school industries first
    Like the auto industry. Appliance industry. Ironically were the rust belt states count the most on in terms of jobs.

    But hey, they wanted this. No one thought trade wars hurts both sides right? Well, lesson to be learned the hard way.

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