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peterb
ParticipantI’m starting to come around to a similar conclusion. The US$ losing value as prices keep decreasing for many asset classes. Thus, I have increased my position in gold to 50% of my assets.Both Elliott wave and candlestick charts are bullish gold now. And financial panic is building as well as future pressure of US$ devaluing.
Who knows what the future holds? But I think it’s not going to be good for a while. Articles in the FT lately are pointing towards a Eurozone recession and rate cut. I’d say, work where you can. RE prices may surprise you in the future. You may not need a mortgage. I cant believe I just wrote that. But it’s not that outta line looking forward.ParticipantI’m starting to come around to a similar conclusion. The US$ losing value as prices keep decreasing for many asset classes. Thus, I have increased my position in gold to 50% of my assets.Both Elliott wave and candlestick charts are bullish gold now. And financial panic is building as well as future pressure of US$ devaluing.
Who knows what the future holds? But I think it’s not going to be good for a while. Articles in the FT lately are pointing towards a Eurozone recession and rate cut. I’d say, work where you can. RE prices may surprise you in the future. You may not need a mortgage. I cant believe I just wrote that. But it’s not that outta line looking forward.ParticipantI’m starting to come around to a similar conclusion. The US$ losing value as prices keep decreasing for many asset classes. Thus, I have increased my position in gold to 50% of my assets.Both Elliott wave and candlestick charts are bullish gold now. And financial panic is building as well as future pressure of US$ devaluing.
Who knows what the future holds? But I think it’s not going to be good for a while. Articles in the FT lately are pointing towards a Eurozone recession and rate cut. I’d say, work where you can. RE prices may surprise you in the future. You may not need a mortgage. I cant believe I just wrote that. But it’s not that outta line looking forward.ParticipantI think this $700B Failout, will not change anything about the economic condition the US is now looking at. But I think it will add fuel to the devaluation of the US$.
The latest gold charts look pretty bullish from both an Elliott wave perspective as well as candle stick charting. Add panic and possible further US$ devaluation and it’s looking like a good play at this time.
I would be a little careful with commodities in general at this time as unemployment and a world recession will cause a lot of demand destruction for most everything.
Just my 2 cents.
ParticipantI think this $700B Failout, will not change anything about the economic condition the US is now looking at. But I think it will add fuel to the devaluation of the US$.
The latest gold charts look pretty bullish from both an Elliott wave perspective as well as candle stick charting. Add panic and possible further US$ devaluation and it’s looking like a good play at this time.
I would be a little careful with commodities in general at this time as unemployment and a world recession will cause a lot of demand destruction for most everything.
Just my 2 cents.
ParticipantI think this $700B Failout, will not change anything about the economic condition the US is now looking at. But I think it will add fuel to the devaluation of the US$.
The latest gold charts look pretty bullish from both an Elliott wave perspective as well as candle stick charting. Add panic and possible further US$ devaluation and it’s looking like a good play at this time.
I would be a little careful with commodities in general at this time as unemployment and a world recession will cause a lot of demand destruction for most everything.
Just my 2 cents.
ParticipantI think this $700B Failout, will not change anything about the economic condition the US is now looking at. But I think it will add fuel to the devaluation of the US$.
The latest gold charts look pretty bullish from both an Elliott wave perspective as well as candle stick charting. Add panic and possible further US$ devaluation and it’s looking like a good play at this time.
I would be a little careful with commodities in general at this time as unemployment and a world recession will cause a lot of demand destruction for most everything.
Just my 2 cents.
ParticipantI think this $700B Failout, will not change anything about the economic condition the US is now looking at. But I think it will add fuel to the devaluation of the US$.
The latest gold charts look pretty bullish from both an Elliott wave perspective as well as candle stick charting. Add panic and possible further US$ devaluation and it’s looking like a good play at this time.
I would be a little careful with commodities in general at this time as unemployment and a world recession will cause a lot of demand destruction for most everything.
Just my 2 cents.
ParticipantCheck out Thornberg’s site. That’s why he left anderson.
ParticipantCheck out Thornberg’s site. That’s why he left anderson.
ParticipantCheck out Thornberg’s site. That’s why he left anderson.
ParticipantCheck out Thornberg’s site. That’s why he left anderson.
ParticipantCheck out Thornberg’s site. That’s why he left anderson.
ParticipantAll these scenarios are made better for the debtor by having inflation. So that’s why they do it. But they have to be careful to not over do it.
But, I have to agree that as we grow this debt, the world will want a higher rate of return to compensate for the risk.
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