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Can't Go Wrong with Gold - Peter Schiff
- Thread starter shortie
- Start date
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Celente: USD = worthless paper, USA = a bunch of losers who can't deliver. the business of America used to be business, but now it is wars.
Celente: USD = worthless paper, USA = a bunch of losers who can't deliver. the business of America used to be business, but now it is wars.
If one has were to have a good estimate of possible first touch of top of Gold, what do you think would happen to the stock market if Gold were retreat at the first touch of top?
Quote from shortie:
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Celente: USD = worthless paper, USA = a bunch of losers who can't deliver. the business of America used to be business, but now it is wars.
Is RT a british or a russia channel? My sense is that it is an international channel.
I read somewhere that RT and Aljazeera are eating from the audiences of major US channels. Similar to outsourcing, these English news channels are reducing the earnings. The US is getting competition from multiple angles and multiple places.
Quote from shortie:
SPY -5%
USO -6%
SLV -7%
GLD -0.7% WTF??
TLT +3%
a reasonable explanation is that Gold is considered the only safe haven (and bonds as well) right now. and that once the general market sell-off slows down GLD and TLT will get crashed.
Based on what? Gold held up better than stocks in the 2008 crash, too, and it hasn't exactly done poorly since then.
Quote from jsp326:
Based on what? Gold held up better than stocks in the 2008 crash, too, and it hasn't exactly done poorly since then.
that's true. i am looking at Gold Nov-2007 until Dec-2008. it went through several large ups and downs and in the end was ~flat for the period. so it was not a better investment than cash at least during that period. but it was not worse either.
UUP was ~ flat for the period.