Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
$40
>
Reply to Thread
Message:
<p>[QUOTE="InfleXion, post: 1150294, member: 29012"]You are not the first person riding the bull who thinks there is a correction coming. However, I don't unless one of the major players decides to transfer out of PM's into something else, not because a correction is due. I believe high prices are what was overdue because of dollar liquidity coupled with price suppression by JPM. Of course, with market manipulation anything can happen.</p><p><br /></p><p>I've seen plenty of valid arguments why the 'this time is different' mentality is dangerous and happens with every so called bubble, but I think this time really is different. The global economy has never been so tightly knit, and we've never seen a situation like this on a global scale with the USD as the world reserve currency. It's uncharted territory so I don't think conventional wisdom applies as much. Investment demand is definitely contributing, but why is it so strong? Sure China is a major factor, but even their central bank is holding back to try and keep prices low for their citizenry. Maybe it's because the dollar index is bottoming out. Maybe it's because stocks are still falling in comparison to gold, and only appear high because the USD is even lower. Maybe it's because even in the face of one of the greatest economic struggles any of us have ever seen the status quo hasn't changed. Maybe it's because leadership is willing to cut services before thinking about collecting taxes from big businesses or curbing the most outrageous deficit ever, with a government shutdown looming. I don't see how the current trend won't continue unless we do a 180. This is not simply a matter of someone cornering the market.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1150294, member: 29012"]You are not the first person riding the bull who thinks there is a correction coming. However, I don't unless one of the major players decides to transfer out of PM's into something else, not because a correction is due. I believe high prices are what was overdue because of dollar liquidity coupled with price suppression by JPM. Of course, with market manipulation anything can happen. I've seen plenty of valid arguments why the 'this time is different' mentality is dangerous and happens with every so called bubble, but I think this time really is different. The global economy has never been so tightly knit, and we've never seen a situation like this on a global scale with the USD as the world reserve currency. It's uncharted territory so I don't think conventional wisdom applies as much. Investment demand is definitely contributing, but why is it so strong? Sure China is a major factor, but even their central bank is holding back to try and keep prices low for their citizenry. Maybe it's because the dollar index is bottoming out. Maybe it's because stocks are still falling in comparison to gold, and only appear high because the USD is even lower. Maybe it's because even in the face of one of the greatest economic struggles any of us have ever seen the status quo hasn't changed. Maybe it's because leadership is willing to cut services before thinking about collecting taxes from big businesses or curbing the most outrageous deficit ever, with a government shutdown looming. I don't see how the current trend won't continue unless we do a 180. This is not simply a matter of someone cornering the market.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
$40
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...