Discussion in 'Bullion Investing' started by fretboard, Nov 23, 2020.
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what a load of garbage. Gold and PM's will lower just as they always do during Democratic Presidencies.
Does that include Carter when it spiked to inflation adjusted all time highs? I don't think political party affects it.
Myself, I think people will overlook deficits and gold will lower with Covid abating and people needing money to rebuild businesses. I would think $1500 gold by end of 2021
people who buy gold aren't worried about deficits. I think PM will go back to 1,200-1,300 Gold 12-16 Silver
Pardon me but, your comment is vague and provides no details to specifically what makes these actions occur. My belief is the "split" government will help to aid against ANY drastic movements or actions Democrats may have hoped to do yet, some instability should still be expected at times.
Case in point, I utilize "options" on Gold and have been SHORTING this metal with points of $20, $25 and $30 downward movements and have profited substantially in past weeks. It is my belief many are attempting to keep from being harmed from Gold and...are piling funds into the stock market as the strength is there now.
Maybe many of you understand my philosophy and begin your process of monetary gain in fluctuations too. Good luck and be careful yet...let's make money.
Does your prediction have a time frame?
Don't understand that. I thought many gold investors buy gold BECAUSE they are worried about inflation, exactly what deficits will eventually produce.
I expect a cash drain from pm lowering them next year, but long term these deficits have to be bullish for all pm. Short term, its more about alternative investments, world demand, etc. I think worldwide people will forget about pm some to rebuild their lives post Covid, but the whole world has racked up debt and it has to come home to roost eventually. If it did drop to $1200-1300 I would be a little more aggressive buying, at around $1400-1500 I would switch back to my slow acquire mode like I was in post 2013 until this year. I bought most of the gold I own in this timeframe.
in a year, maybe two i think you'll see sub 1300 buying opportunities
Time will tell, I have no idea where the price is going. High or low, we'll see soon enough!
Interesting point @Vess1
If that keeps up, the dollar will crash, not with a whimper but with a thud. Hyperinflation will ensue and your paper dollar won't be worth the paper it's printed on. Foolish. That's why Mnuchin needs to be fired and quickly.
Hate to break it to you but the next treasury secretary is going to make Mnuchin look like an old lady with one of those snap close change purses counting out exact change.... You haven't seen anything yet.
I believe if you check the charts you'll find the ups and downs have nothing to do with which party held the office.
Yes, I agree with you, it doesn't matter if we have a red or a blue in office! What matters is demand and right now demand is high!
The dollar is not crashing, hyperinflation exists only in Argenina, and the dollars is the Global Reserve Currency.
Mnuchin leaves in January.
Thanks for playing !
That assumes the parties today believe what they did 30 or 40 years ago.
Hint: they don't.
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