Hi would love some comments on this article posted in the NZherald here in NZ. http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11487425
So, what should we do according to the writer of the article? Buy stocks? Even Yellen says they are overbought and they might crash soon. Buy a house? Sure, and get overwhelmed by debt. No thanks. Been there, done that, lost money already. Buy bonds? And from which country? All are Building up unsustainable debt. Plus, the interest rate you get does not even cover inflation. You know what? Maybe I'll just buy some precious metals... Worst case scenario their dollar price goes to zero but I still can make some big gold chains rapper's style and take them with me wherever I go.
The anti-gold propaganda is ramping up. http://www.smh.com.au/business/mark...-value-is-us750-an-ounce-20150727-gil4ns.html
You know Porcello this ^^^ is probably one of the best comments i have ever read from you. Not only is it very common sense , but true. Well done you
"Miss" is really a funny word. They missed yesterday's financial crisis and they will miss tomorrow's inflation as I will miss the sunrise and sunset tomorrow. A bet on gold can be a bet on several things. This man is also a bit narrow-minded.
Yeah, it's pretty shocking. But I'll do members a favor and pay $400/oz for gold and $8 for silver if anyone wants to avoid the rush and liquidate their stack now.
I will agree - for the long term. Chinese hackers have been relentlessly attacking the USA....... Wall street had issues, WSJ had site problems, they recently hacked American Airlines, and the US government's Office of Personnel Management. Cyber war is already underway.....
War is always underway. The trick is to keep it in the background. There is no guarantee tomorrow will be the same as today and shit can escalate rapidly before anyone gets a chance to step back and calm things down.
What happens when they breach the markets again? What is the value of gold or silver if the markets go down & prices seriously impacted in either direction? This is the problem with everything being electronic. :|