Gold at $500 per ounce
- Thread starter talknet
- Start date
There are just too many gold bears out there right now. They need to get squeezed before we see the ultimate top.
Those who think $500-$600 gold is coming, the question is, what is the catalyst?Commodities dropped 50%, stocks crashed 50%, the dollar soared, hedge funds are going bust left and right and yet the frigging thing keeps holding up.
Deflation is not necessarily bad because the evidence is mixed, it went down in japan during their deflation but it went up in the 30's as governments devalued their currencies to gold, so gold holders were happy(when they were allowed to have it)
Prior deflations were good for gold since the world was in the gold standard and that deflation necessarly meant gold was going up(gold and cash were essentialy the same thing)
Deflation is not necessarily bad because the evidence is mixed, it went down in japan during their deflation but it went up in the 30's as governments devalued their currencies to gold, so gold holders were happy(when they were allowed to have it)
Prior deflations were good for gold since the world was in the gold standard and that deflation necessarly meant gold was going up(gold and cash were essentialy the same thing)
Daal:
Not sure if Public gold holders were happy about the Price of Gold during the 1930's
Remember the Gold Confiscation Act of 1933. No one except the Government could possess GOLD.
Public holders were forced to redeem all Gold or face a $10,000 fine a PRISON.
I would hate to think that this is coming.
The rumor is a World or Global Currency with restrictions on gold bullion ownership???
Not sure if Public gold holders were happy about the Price of Gold during the 1930's
Remember the Gold Confiscation Act of 1933. No one except the Government could possess GOLD.
Public holders were forced to redeem all Gold or face a $10,000 fine a PRISON.
I would hate to think that this is coming.
The rumor is a World or Global Currency with restrictions on gold bullion ownership???
Well, talknet, that was a really lousy trade, huh?
The answer is the Fed can print much, much faster than gold can be found...
The answer is the Fed can print much, much faster than gold can be found...