Gold Redux: What do you folks thing about this?

[4plexowner]

Why China Loves Gold

“We’d also be surprised if China were the only sovereign entity hoarding gold against the day when the U.S. realizes it is bankrupt. And that is why we still view gold, even at the lofty price of $1000 an ounce, and even believing as we do that deflation will asphyxiate debtors first, as a no-brainer investment. ”

Why China Loves Gold

~

“… against the day when the U.S. realizes it is bankrupt …”

[sd_matt]

Hmmm….Do I buy gold or hold onto my increasingly worthless savings? Well I guess I could that or just let interest rates kick down housing prices and then put more down when I buy.

Seems to work out the same unless I’m missing something.

[sd_matt]

Hmmm….Do I buy gold or hold onto my increasingly worthless savings? Well I guess I could that or just let interest rates kick down housing prices and then put more down when I buy.

Seems to work out the same unless I’m missing something.

[sd_matt]

Hmmm….Do I buy gold or hold onto my increasingly worthless savings? Well I guess I could that or just let interest rates kick down housing prices and then put more down when I buy.

Seems to work out the same unless I’m missing something.

[sd_matt]

Hmmm….Do I buy gold or hold onto my increasingly worthless savings? Well I guess I could that or just let interest rates kick down housing prices and then put more down when I buy.

Seems to work out the same unless I’m missing something.

[sd_matt]

Hmmm….Do I buy gold or hold onto my increasingly worthless savings? Well I guess I could that or just let interest rates kick down housing prices and then put more down when I buy.

Seems to work out the same unless I’m missing something.

[partypup]

[quote=Arraya]Allan-Gold is not bubbling yet, IMO. It decoupled from commodities in the fall and is now PROVEN as a safe haven along with US treasuries. And yes, it’s perception, but a universal one now, that you can deduce from recent behavior. Like a global economic/fiat stress meter. The meme is out there. The treasury safety perception won’t last because our economy is falling to fast with no end in sight. People need something to grab onto and there is no other deal in town today.

Don’t fight the herd, follow it and leave first.
[/quote]

Arraya, that’s my plan exactly. People assume because I am a gold bug that I plan to cling to my bullion until the day I die, stroking it in my bunker. But that’s not the case at all. There will, without question, be a gold bubble, because people by and large simply do not think for themselves or pay attention to patterns and trends around them. By the time they recognize the existence of the bubble, the bubble is ready to burst. By the time they realize their fiat is utterly worthless, they will be flocking to gold and paying ridiculous sums, just as they paid ridiculous sums for rapidly-appreciating homes. But there is no bubble in gold yet. When my hairdresser starts recommending Philharmonics over Kangaroos while I’m getting a trim, THAT’S when I plan to get out. Until then, I intend to enjoy the ride to the top 🙂

[partypup]

[quote=Arraya]Allan-Gold is not bubbling yet, IMO. It decoupled from commodities in the fall and is now PROVEN as a safe haven along with US treasuries. And yes, it’s perception, but a universal one now, that you can deduce from recent behavior. Like a global economic/fiat stress meter. The meme is out there. The treasury safety perception won’t last because our economy is falling to fast with no end in sight. People need something to grab onto and there is no other deal in town today.

Don’t fight the herd, follow it and leave first.
[/quote]

Arraya, that’s my plan exactly. People assume because I am a gold bug that I plan to cling to my bullion until the day I die, stroking it in my bunker. But that’s not the case at all. There will, without question, be a gold bubble, because people by and large simply do not think for themselves or pay attention to patterns and trends around them. By the time they recognize the existence of the bubble, the bubble is ready to burst. By the time they realize their fiat is utterly worthless, they will be flocking to gold and paying ridiculous sums, just as they paid ridiculous sums for rapidly-appreciating homes. But there is no bubble in gold yet. When my hairdresser starts recommending Philharmonics over Kangaroos while I’m getting a trim, THAT’S when I plan to get out. Until then, I intend to enjoy the ride to the top 🙂

[partypup]

[quote=Arraya]Allan-Gold is not bubbling yet, IMO. It decoupled from commodities in the fall and is now PROVEN as a safe haven along with US treasuries. And yes, it’s perception, but a universal one now, that you can deduce from recent behavior. Like a global economic/fiat stress meter. The meme is out there. The treasury safety perception won’t last because our economy is falling to fast with no end in sight. People need something to grab onto and there is no other deal in town today.

Don’t fight the herd, follow it and leave first.
[/quote]

Arraya, that’s my plan exactly. People assume because I am a gold bug that I plan to cling to my bullion until the day I die, stroking it in my bunker. But that’s not the case at all. There will, without question, be a gold bubble, because people by and large simply do not think for themselves or pay attention to patterns and trends around them. By the time they recognize the existence of the bubble, the bubble is ready to burst. By the time they realize their fiat is utterly worthless, they will be flocking to gold and paying ridiculous sums, just as they paid ridiculous sums for rapidly-appreciating homes. But there is no bubble in gold yet. When my hairdresser starts recommending Philharmonics over Kangaroos while I’m getting a trim, THAT’S when I plan to get out. Until then, I intend to enjoy the ride to the top 🙂

[partypup]

[quote=Arraya]Allan-Gold is not bubbling yet, IMO. It decoupled from commodities in the fall and is now PROVEN as a safe haven along with US treasuries. And yes, it’s perception, but a universal one now, that you can deduce from recent behavior. Like a global economic/fiat stress meter. The meme is out there. The treasury safety perception won’t last because our economy is falling to fast with no end in sight. People need something to grab onto and there is no other deal in town today.

Don’t fight the herd, follow it and leave first.
[/quote]

Arraya, that’s my plan exactly. People assume because I am a gold bug that I plan to cling to my bullion until the day I die, stroking it in my bunker. But that’s not the case at all. There will, without question, be a gold bubble, because people by and large simply do not think for themselves or pay attention to patterns and trends around them. By the time they recognize the existence of the bubble, the bubble is ready to burst. By the time they realize their fiat is utterly worthless, they will be flocking to gold and paying ridiculous sums, just as they paid ridiculous sums for rapidly-appreciating homes. But there is no bubble in gold yet. When my hairdresser starts recommending Philharmonics over Kangaroos while I’m getting a trim, THAT’S when I plan to get out. Until then, I intend to enjoy the ride to the top 🙂

[partypup]

[quote=Arraya]Allan-Gold is not bubbling yet, IMO. It decoupled from commodities in the fall and is now PROVEN as a safe haven along with US treasuries. And yes, it’s perception, but a universal one now, that you can deduce from recent behavior. Like a global economic/fiat stress meter. The meme is out there. The treasury safety perception won’t last because our economy is falling to fast with no end in sight. People need something to grab onto and there is no other deal in town today.

Don’t fight the herd, follow it and leave first.
[/quote]

Arraya, that’s my plan exactly. People assume because I am a gold bug that I plan to cling to my bullion until the day I die, stroking it in my bunker. But that’s not the case at all. There will, without question, be a gold bubble, because people by and large simply do not think for themselves or pay attention to patterns and trends around them. By the time they recognize the existence of the bubble, the bubble is ready to burst. By the time they realize their fiat is utterly worthless, they will be flocking to gold and paying ridiculous sums, just as they paid ridiculous sums for rapidly-appreciating homes. But there is no bubble in gold yet. When my hairdresser starts recommending Philharmonics over Kangaroos while I’m getting a trim, THAT’S when I plan to get out. Until then, I intend to enjoy the ride to the top 🙂

[4plexowner]

I figure Joe Sixpack will start buying gold around $1500/ounce (assuming there is anything left of his 401K at that point)

J6P’s frenzy to obtain gold at any price will drive the third phase of the gold bull market – the price of gold in that phase is likely to reach heights that even the gold bugs won’t believe

As partypup is saying, intelligent gold bugs will be selling their gold to these latecomers and investing the proceeds into other asset classes

I suspect that sell time for gold will coincide with buy time for real estate – I’ll be paying cash for the real estate that J6P can no longer purchase because interest rates have become prohibitive (remember it was the 20% interest rate imposed by Volker that broke the back of the gold bull in the early 1980’s)

~

another possible outcome is that gold returns to its status as the backing for currencies around the world (or at least as backing for the world’s new reserve currency, the yuan) – if this occurs, the price of gold will remain high and NOT drop back down as it would otherwise – Jim Sinclair (jsmineset.com) believes this will be the end-game for this gold bull market – I’m adopting a ‘wait and see’ attitude on this

[4plexowner]

I figure Joe Sixpack will start buying gold around $1500/ounce (assuming there is anything left of his 401K at that point)

J6P’s frenzy to obtain gold at any price will drive the third phase of the gold bull market – the price of gold in that phase is likely to reach heights that even the gold bugs won’t believe

As partypup is saying, intelligent gold bugs will be selling their gold to these latecomers and investing the proceeds into other asset classes

I suspect that sell time for gold will coincide with buy time for real estate – I’ll be paying cash for the real estate that J6P can no longer purchase because interest rates have become prohibitive (remember it was the 20% interest rate imposed by Volker that broke the back of the gold bull in the early 1980’s)

~

another possible outcome is that gold returns to its status as the backing for currencies around the world (or at least as backing for the world’s new reserve currency, the yuan) – if this occurs, the price of gold will remain high and NOT drop back down as it would otherwise – Jim Sinclair (jsmineset.com) believes this will be the end-game for this gold bull market – I’m adopting a ‘wait and see’ attitude on this

[4plexowner]

I figure Joe Sixpack will start buying gold around $1500/ounce (assuming there is anything left of his 401K at that point)

J6P’s frenzy to obtain gold at any price will drive the third phase of the gold bull market – the price of gold in that phase is likely to reach heights that even the gold bugs won’t believe

As partypup is saying, intelligent gold bugs will be selling their gold to these latecomers and investing the proceeds into other asset classes

I suspect that sell time for gold will coincide with buy time for real estate – I’ll be paying cash for the real estate that J6P can no longer purchase because interest rates have become prohibitive (remember it was the 20% interest rate imposed by Volker that broke the back of the gold bull in the early 1980’s)

~

another possible outcome is that gold returns to its status as the backing for currencies around the world (or at least as backing for the world’s new reserve currency, the yuan) – if this occurs, the price of gold will remain high and NOT drop back down as it would otherwise – Jim Sinclair (jsmineset.com) believes this will be the end-game for this gold bull market – I’m adopting a ‘wait and see’ attitude on this

[4plexowner]

I figure Joe Sixpack will start buying gold around $1500/ounce (assuming there is anything left of his 401K at that point)

J6P’s frenzy to obtain gold at any price will drive the third phase of the gold bull market – the price of gold in that phase is likely to reach heights that even the gold bugs won’t believe

As partypup is saying, intelligent gold bugs will be selling their gold to these latecomers and investing the proceeds into other asset classes

I suspect that sell time for gold will coincide with buy time for real estate – I’ll be paying cash for the real estate that J6P can no longer purchase because interest rates have become prohibitive (remember it was the 20% interest rate imposed by Volker that broke the back of the gold bull in the early 1980’s)

~

another possible outcome is that gold returns to its status as the backing for currencies around the world (or at least as backing for the world’s new reserve currency, the yuan) – if this occurs, the price of gold will remain high and NOT drop back down as it would otherwise – Jim Sinclair (jsmineset.com) believes this will be the end-game for this gold bull market – I’m adopting a ‘wait and see’ attitude on this

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