Re: http://forums.silverstackers.com/message-505411.html#p505411 Have we had a New Paradigm? In my opinion no, at no point in the last 5 years has gold become a model investment or the dominant pattern in investing. We have a long way to go yet.
Its always interesting to see Mike Maloney come out of hiding when there's a big downward spike in silver(protecting his long position from margin call?) Gold's quite interesting I still cant tell if its simply lost its safe haven status as it seems to fall with everything else in AUD terms. It's hard to tell if the price fall is as a result of margin calls in the metal or selling to cover other positions or people simply do not see it as a safe haven asset anymore.
the only fear i have is that i dont have any fiat to make use of the incredible buying opportunities at present :lol:
+100 Who really gives a crap about the volatility except those who've been mislead into stories of riding the next bubble. It's been said many, many times over the years. If you're buying silver to ride a frickin bubble you're buying for the wrong reasons and expect to get burned just like Rio Tinto speculating on the aluminium price bubble or the Oakajee miners on the iron ore bubble. This is essentially a time that is proving all of the warnings of those negative nellies correct. All this does is make me want to convert my fiat to PM's faster.
rubbish! The only reason that the money printing in US and Japan has not pushed gold up yet is because of the ECB's policies the last year or two (net effect = less money in circulation). Once they start the printing presses (its inevitable) then gold will shoot up
Not to mention that (except for the Japanese) the central bank printing hasn't actually entered into the economy in the same way as pre-2008. The printing has been used to prevent significant deflation (and a consequent crash). The inflation always lags the printing. None of the so-called fundamental stacking rules have been violated except if you believe that true money supply has accelerated significantly in the US, UK or Australia since 2008 which it hasn't. This is the calm before the storm just like mid-2007 to mid-2008 looked like everything was tickety-boo.
I'm pissed I bought the majority of my stack toward the end of last year and it's fallen in value. But I'm really really pissed that I can't buy significantly now :lol:
Right, so we should be asking questions, don't you think? The natural inclination of the world is deflation, not inflation. Yet for most of us, inflation has ruled our lives. Debt levels have expanded exponentially to unheard of levels. What if, the deflationary forces, held down for so long, are now so strong that they can't be overcome? Yes, there is a lot of money-printing but there is already dissent at the Fed over it and I don't think anyone there really wants to risk hyperinflation. They have money too and friends and family and acquaintances etc. This isn't some backwater in Africa nor some country suffering from war reparations. I'm trying not to be a fearmonger here. Maybe I'll be laughed at in a few months or a years time, but I think it's about time questions started to be asked. Look at the stock markets. What if another big deflationary crash looms?
At least this has put a damper on the number of BTC threads. Edit to add: long way off from a bubble bursting, if it was the stock market the media would be calling it "Black Monday".
