Question: Is the push to buy Gold a Vote of No Confidence in the US Dollar? (Montclair: real estate, broker)
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Question: Is the push to buy Gold a Vote of No Confidence in the US Dollar?
And an indirect vote of No Confidence in the US? Furthermore why is it all Uber Conservatives pushing us to buy Gold?
It seems the price of gold is explicitely tied to the performance of the dollar compared to foreign currencies?
Furthermore the California connection would be, if Gold is so important and we supposedly have untold billions worth of unminded Gold in CA, why not mine for it?
Yes and it has been a successful, accurate, and profitable trade. Inflation has been real and will get more real w/ the trillions being printed to fulfill liberal agendas.
Quote:
Originally Posted by 18Montclair
Furthermore why is it all Uber Conservatives pushing us to buy Gold?
Because the level headed ones of the bunch are he only ones who tend to value history and the lessons it taught .. They tend to be the only ones aware of the destructive presence of the federal reserve etc .. They understand such investments and focuses of attention are the only way to hedge from liberals who feel you can just give handouts w/o consequences .. I feel liberals don't focus on it as they tend to put 100% faith in govt. to do the right thing ... They tend not to value history and only look forward . oft. times into an unrealistically positive future .. the view entitlement programs as a good thing even though they have no concept on where the money comes from ... the means (inflation) to their ends escape them.
Quote:
Originally Posted by 18Montclair
It seems the price of gold is explicitely tied to the performance of the dollar compared to foreign currencies?
It isn't... gold is priced in a wealth of currencies ... what you most probably hear about is the price of gold in (dollars) .. it varies w/ the various currency pairs ... The currencies for which govts have resorted to printing to solve fiscal problems see a relative appreciation in gold in respect to the currency being inflated.
Quote:
Originally Posted by 18Montclair
Furthermore the California connection would be, if Gold is so important and we supposedly have untold billions worth of unminded Gold in CA, why not mine for it?
It always circles back to California for you doesn't it Montclair .. hehe. Gold is not important .. nor is silver and other dollar alternatives.. THe govt. actually hates it as it points out just how much they destroy the dollar (which screws up everyone's standard of living) .. it points out the devil of inflation which is why present day generations struggle to even achieve 1/4th of what their parents did. As noted, conservatives are mostly concerned w/ this concept ...
You wont find it on the tongues of liberals because it is a concept centered on 'preservation of wealth and value' and historical precedence.... Liberals tend to think of a more dynamic arrangement when it comes to wealth/value and focus on the future ... Focusing on either too much has consequences ... The best approach lies in borrowing concepts from both areas.
Yes and it has been a successful, accurate, and profitable trade. Inflation has been real and will get more real w/ the trillions being printed to fulfill liberal agendas.
Because the level headed ones of the bunch are he only ones who tend to value history and the lessons it taught .. They tend to be the only ones aware of the destructive presence of the federal reserve etc .. They understand such investments and focuses of attention are the only way to hedge from liberals who feel you can just give handouts w/o consequences .. I feel liberals don't focus on it as they tend to put 100% faith in govt. to do the right thing ... They tend not to value history and only look forward . oft. times into an unrealistically positive future .. the view entitlement programs as a good thing even though they have no concept on where the money comes from ... the means (inflation) to their ends escape them.
It isn't... gold is priced in a wealth of currencies ... what you most probably hear about is the price of gold in (dollars) .. it varies w/ the various currency pairs ... The currencies for which govts have resorted to printing to solve fiscal problems see a relative appreciation in gold in respect to the currency being inflated.
It always circles back to California for you doesn't it Montclair .. hehe. Gold is not important .. nor is silver and other dollar alternatives.. THe govt. actually hates it as it points out just how much they destroy the dollar (which screws up everyone's standard of living) .. it points out the devil of inflation which is why present day generations struggle to even achieve 1/4th of what their parents did. As noted, conservatives are mostly concerned w/ this concept ...
You wont find it on the tongues of liberals because it is a concept centered on 'preservation of wealth and value' and historical precedence.... Liberals tend to think of a more dynamic arrangement when it comes to wealth/value and focus on the future ... Focusing on either too much has consequences ... The best approach lies in borrowing concepts from both areas.
*Hope this info helps
+1(Its not letting me rep ya so I'll do it here).
Yes, it always circles back to CA for me(LOL) and yes your info has been very helpful. Thanks!
Location: Mountain Ranch, CA The heart of Calaveras County
5,067 posts, read 7,767,103 times
Reputation: 3391
Buy high and sell low is always a great investment strategy. In all the bubbles I've witnessed since 1983 the key trigger to me is when the press starts reporting about the average guy jumping into whatever market they are reporting on with some quote along the lines of, "It always goes up".
Disclaimer: I bought this real estate company in November of 2005. Great timing huh?
And an indirect vote of No Confidence in the US? Furthermore why is it all Uber Conservatives pushing us to buy Gold?
It seems the price of gold is explicitely tied to the performance of the dollar compared to foreign currencies?
Furthermore the California connection would be, if Gold is so important and we supposedly have untold billions worth of unminded Gold in CA, why not mine for it?
This happens every so often: the last time the push to buy gold was an issue and price of gold went crazy was in the late 70s. Silver also sky rocketed, by the mid 80s the push was over and most didn't even remember it; only those who thought they would get rich on their gold investments just to watch it go down.
And an indirect vote of No Confidence in the US? Furthermore why is it all Uber Conservatives pushing us to buy Gold?
It seems the price of gold is explicitely tied to the performance of the dollar compared to foreign currencies?
I don't think it's necessarily a conservative thing. You'll hear liberal talk show hosts also plug buying gold.
That said, trading bullion is a pretty darned risky thing as an investment instrument - I've read somewhere that historic returns aren't all that good compared with regular old stocks and bonds. Caveat emptor.
I don't think it's necessarily a conservative thing. You'll hear liberal talk show hosts also plug buying gold.
That said, trading bullion is a pretty darned risky thing as an investment instrument - I've read somewhere that historic returns aren't all that good compared with regular old stocks and bonds. Caveat emptor.
Liberals typically don't.... Conservatives moreso.. sure liberals do .. but i don't feel it is in the volume that conservatives do..
As for returns ... It's a traders market. People who intelligently get in/out and diversify win .. You have to diversify your portfolio ..
That being said, the focus is on what the fed will do now that QE 2.0 is grinding to an end ....
If you care for some heavy reading on what lies ahead head on over to : NMA_Koo_May17_2011
So there is very much support for another big commodity run.
Have to keep your ear to ground and invest/trade accordingly.
With commodities soaring due to the excess liquidity.. margin pressure is being put on corporations... those higher input costs can't necessarily be pushed onto consumers as their wages are stagnant and the job market is in the gutter (in the u.s at least) ... so there is a tug of war that occurs .. w/ pops in commodities due to liquidity/money printing... followed by pullbacks due to demand being suppressed by the macro economic factors (domestically)...
Wont get into the probability but the scenario in which non-commodity stocks aren't doing hot and commodity stocks are is quite possible... As for bonds, bond rates are crap .. mainly due to QE 1.0, QE 2.0 and the fed's artificial suppression of rates. Weighing matters, a portfolio w/ some exposure to commodities is a good thing .. timing is important however... just like in non-commodity stocks you can wake to your money vanishing.
Please register to post and access all features of our very popular forum. It is free and quick. Over $53,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
hehe. Gold is not important .. nor is silver and other dollar alternatives.. THe govt. actually hates it as it points out just how much they destroy the dollar (which screws up everyone's standard of living) .. it points out the devil of inflation which is why present day generations struggle to even achieve 1/4th of what their parents did. As noted, conservatives are mostly concerned w/ this concept ... 
