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<p>[QUOTE="medoraman, post: 5156624, member: 26302"]Don't understand that. I thought many gold investors buy gold BECAUSE they are worried about inflation, exactly what deficits will eventually produce.</p><p><br /></p><p>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.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 5156624, member: 26302"]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.[/QUOTE]
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