Are Gold and Silver gonna keep going down?

[The War Wagon]

Banksters & ETF's...


BUY... while it's PHYSICALLY AVAILABLE, and the price is GOOD!

[bv141]

Q: Why gold and silver?

A: Obama's Former Chief Economist Calls For An End To US Dollar Reserve Status

'Nuf said...

bv

http://www.zerohedge.com/news/2014-09-08/obamas-former-chief-economist-calls-end-us-dollar-reserve-status

Obama's Former Chief Economist Calls For An End To US Dollar Reserve Status

[therealnickb]

Zero hedge & o staffer. Yep. Serious cred with no agenda.......

[Ripon83]

GB once held the world reserve currency status and they survived the change. G $ S were not a factor. The hype over this change in the future will probably give G $ S a nice bounce for sure someone will sell a sky falling.

BTW I got out of Silver ETFs in Nov and bough apple.com at prices between $415-425 before the spli....now about $700...and I think those silver ETFs are off 12-15%?

[bv141]

Zero hedge & o staffer. Yep. Serious cred with no agenda.......

He was not a mere staffer, he was the Former Chief Economist to Biden.

Ignore what the hard core left does at your own risk...

[therealnickb]

He was not a mere staffer, he was the Former Chief Economist to Biden.

Ignore what the hard core left does at your own risk...

Well, if Biden hired him......

Sorry, I don't see any alarms bells in the "opinion" piece written by one hack quoting the "opinion" of another similar hack. Zerohedge has an agenda. Their koolaid is as strong as any.

[Jimi Jah]

$1255 an ounce, time to buy.

[glockman19]

$1255 an ounce, time to buy.

I disagree...I think once interest rates begin to rise PM's will lose value.

The Federal Reserve suggests they will begin raising interest rates in 2015. This does not bode well for PM's. I see Gold trading in the $800 range at a 2.5% Fed Funds Rate and as low as $450-$500 if/when Fed rate reaches the 5% level.

Unless there is a terrible decline in the value of the dollar. I don't see PM's as an investment that will outperform the market.

That said I also think that the market goes lower as investors take profits and reinvest in higher fixed interest assets.

That's not to say that you can't make money on the way down

[glockman19]

GB once held the world reserve currency status and they survived the change. G $ S were not a factor. The hype over this change in the future will probably give G $ S a nice bounce for sure someone will sell a sky falling.

BTW I got out of Silver ETFs in Nov and bough apple.com at prices between $415-425 before the spli....now about $700...and I think those silver ETFs are off 12-15%?

You made a good move at a good time. Equities still have a little room to advance before the profit takers sell to lock in gains...and it's a temporary drop that will lead to a great buy in opportunity for those who missed the gains over the last 3 years.

[sixoclockhold]

$1,248 ? You can do better than that. Bought a used Caddy last month so I will have to prolong a purchase or two.

I will look good cruising in retirement trying to dig up da Gold lost in boating accidents.

Sleep well my fellow stackers.

[Twinkies]

Thoughts? Gold currently at $1248 oz, debt at $17.7 trill but you get the idea.

[Not a Cook]

Thoughts? Gold currently at $1248 oz, debt at $17.7 trill but you get the idea.

Interesting chart... I don't recall seeing it previously. Can you post or link to pre-'97?

[smashycrashy]

Like everything coming from zerohedge, complete junk. I can make almost any two charts fit if I can control scales and time frame. It is just stupid bunk for the uneducated masses.

Thoughts? Gold currently at $1248 oz, debt at $17.7 trill but you get the idea.

[Twinkies]

Like everything coming from zerohedge, complete junk. I can make almost any two charts fit if I can control scales and time frame. It is just stupid bunk for the uneducated masses.

Fair enough.. but what about the actual data? No matter how you graph it, the trends look the same. Or are you also denying a historic correlation between debt and gold prices?

Interesting chart... I don't recall seeing it previously. Can you post or link to pre-'97?

I think we can all agree 1971 was a critical year. Hows this chart instead? You can project our current year in a downward trend obviously while debt has continued to soar.

[Not a Cook]

Fair enough.. but what about the actual data? No matter how you graph it, the trends look the same. Or are you also denying a historic correlation between debt and gold prices?





I think we can all agree 1971 was a critical year. Hows this chart instead? You can project our current year in a downward trend obviously while debt has continued to soar.

Twinkies - thanks for posting. I may be looking at it wrong, but wouldn't the apparent trend from the post-'97 graph not be seen in the 1980-1997 time period?