randomname said:
After that response I seriously wonder WTF you're doing here.
Piroccco has no gold. I am very wary of someone who is so active with over 4500 posts on a precious metals site but who does not own any. (Perhaps here you were being clever by specifically saying "gold" and omitting any possible silver holdings ???? But even though silver may potentially go up much more than gold, they are both monetary metals and will in all likelihood move in essentially the same direction, so if your gold outlook is so negative so too would your silver outlook be.)
Why so active, and be so knowledgeable, on a site which discusses an investment you have little interest or huge pessimism in?
Btw, let's use your example of house prices: my mother bought her house in 1970 for $12,000 and today it's worth $1.2m. That's a 100 x increase. 100 x $35 = USD $3,500 And that ignores the formerly (before blatant price suppression) direct link between gold price and the available currency supply.
I do own precious metals, ment as savings on long term, just that I chosed to avoid gold from the beginning, and only bought silver, first time feb 2011, when USD spot was $32, then a couple times more later that year, at and under that $32, and continued in the subsequent years, at steadily lower prices.
In the process, I learnt myself some understanding of these specific and general markets, and collected historical data (all something I've should have done before I decided to buy silver).
I am not "knowledgeable" in this matter at all, just that I'm not that stupid that I would be unable to recognize relations / mechanisms / relevances.
There IS a price relation between gold and silver, but within the last half century it varied between 14 and 94. That's a multiply by 7. Matters.
About your "blatant price suppression", that's when governments sell.
One can't sell without buying (or by force taking) it from the market first.
So ahead of a big government stockpile, there was "blatant price bloating".
And as shown, since 2011 there was such "blatant price bloating".
And whatever you name it, like it or not, that's how things are, that's what governments do.
Thinking them away won't deliver you more dollars for your precious gold.
Just a btw too!
