Yes, please assume that moniker so the rest of us with sensibility can make use of "The Real Deal" and step away from the paper avalanche discussion
"sensibility"
interesting word choice. What exactly makes your argument any more sensible than mine. I am trying to be nice here. Why does every discussion in these forums end with this type of language which only turns people away. Is that your intent?
3.000+ years of history and reality make the argument sensible. Also, note the smiley...
Let me guess: you have no clue then why physical PMs are going down in value right alongside paper PMs. I would consider arguing a point only when the evidence is on your side; it makes you look less like a disgruntled investor especially when you insult others who disagree with you.
The official prices you see are based on
paper markets which have effectively unlimited supply, not the
physical supply & demand dynamic.
For many,
gold purchases by central banks alone totaling more than 25% of global demand, on top of
unrelenting private acquisition, isn't enough "evidence".
If you were joking miscreanity, just try to make that point in the future.
Bulls & bears have teeth.
Grow stronger!
Here you go. It is remarkable that all of our paid analysts managed to agree on one thing.
^ new wallpaper
I follow David Stockman's simple ABCD investing strategy:
My investing model is ABCD: Anything Bernanke Cannot Destroy: flashlight batteries, canned beans, bottled water, gold, a cabin in the mountains.
^ new fav quote
I suspect that we'll look back on things to this point and see that the bubble was starting to be able to be classified as one somewhere in this neighborhood.
I think that what we have is the gold starting from an abnormally depressed state. I think it's starting to dawn on people that the ZIRP policies and general rigged nature of most of the other markets nullify the traditional arguments about gold being a liability in terms of wealth preservation.
Well put.
Looking at global growth, there's no reason that gold should remain depressed while other asset classes have ballooned alongside the world's real economy.
Gold has been held back from its parabolic rise for nearly a century, whereas real global growth has already hit two inflection points since the 18th century.
i've come to be so desensitized that it doesn't bother me so much any more altho there are times when i want to rip my screen to pieces.
...
what matters to them is that you're challenging their basic economic foundations, assumptions, and financial choices which will work out terribly wrong for them in the future if you're correct.
A sign of a worthy opponent
If it were a genuine challenge, I might reconsider my position. Instead, it's more song and dance from another bird in the gilded cage.
Most people know in their gut that something is wrong, but they can't place exactly
how things are amiss. The initial reaction of youth is often that greedy, evil corporations are to blame. Then it becomes republicans or democrats or labour or whatever party holding political power happens to be perceived as "unfair" and insensitive.
Eventually, some come around to realization that these are all built on the same foundation, but even then it's difficult to sort out what makes sense and what doesn't. It can take a long time to build up the experience and knowledge to find and take the
red pill. Even afterward it can be tempting to revert to the official
lie story.
There will in some point be a divergence between paper and physical gold, but initially both will fall, as people need to raise cash from gold bullion, coins, but especially jewellery, teeth gold, etc. just to survive.
It's
already been happening for quite a while. That article was from 2011, and with the beating of the drums to the tune of "gold is in a bubble", the pace has accelerated. Greece has been seeing extremes of this, where there isn't much more being sold at all because few of the people remaining actually have any.
Even if everyone in the western middle classes were to dump all of their gold onto the market at this point, it isn't likely much relative to demand, and it certainly wouldn't delay the rise for long. That's what probably happened last year and has allowed the futures exchanges to keep enough metal flowing to avoid implosion. Aside from western nations, who else is going to sell their gold and silver - China? India? Russia? They have a much better handle on the value of precious metals, so not likely. They'd buy whatever gold the west throws away!
also, this must mean if everyone is selling everything including gold, there will be massive deflation and the dollar will be worth a whole lot, even though they keep printing it like crazy?
Yes, as long as there's still sufficient supply for sale. However, with massive printing keeping pace with gold flowing to market, what happens when the flow slows or reverses? What's to be done with all the extra printed fiat? The situation will be worse than it was when the whole thing started.
that's pretty good b/c it compares prices daily.
i like it.
++1
Also makes it easy to see the relative growth trend; Bitcoin being fairly unknown has much more room to grow than gold with its universal recognizability. I'm pretty sure we can agree it points to parity potential, or better.
Poll
