Message:

<p>[QUOTE=&quot;webomatic, post: 1555327, member: 37577&quot;]I think gold could take a tumble within 5 years.&nbsp; It could in 1 year, again in 3 years, and again in 5 years with gains in between.&nbsp; Monitary policy changes could be on the horizon which can take some wind out of the sails of gold.&nbsp; More wind could be taken if the stock market tumbling 25% and companies selling real property in order to stay afloat.&nbsp; Those are a couple of factors which could decrease the value of gold.&nbsp; Then we have QE3...</p><p><br /></p><p>QE3 is printing for real property unlike QE1 and QE2 which backed treasuries.&nbsp; Does this mean QE3 is actually backed by an asset? Sure, and I&#039;m certain this could be debated if people believe the easing is greater than the asset or money is just tossed into the general pool.&nbsp; So wouldn&#039;t this mean that the value of gold recently increased based on the speculation money is being printed without a real property asset? Could gold drop some from it&#039;s current position based on the function of QE3? I believe so.</p><p><br /></p><p>Then we can also look at our debt spending.&nbsp; Our debt spending over the recent years is by far greater than it ever has been.&nbsp; Is this sustainable? No.&nbsp; So what will likely happen? Decrease spending of course.&nbsp; If we decrease spending and policies change under any administration to increase GDP--such as tax policies--then some surprises could happen within PMs.</p><p><br /></p><p>As for India and China collecting PMs? I don&#039;t see how those two emerging markets whom are riddled with inherent continous economic fear, both within government and amongst its people, should be our indicator that we are missing the boat on PMs.&nbsp; It has been stated even in this thread that PMs are somewhat fear driven.&nbsp; If that&#039;s the case, I don&#039;t want to follow the lead of nations that could be on the verge of a bubble.&nbsp; Once their bubbles bursts so will those PMs since fewer will be buying them.</p><p><br /></p><p>Don&#039;t get me wrong.&nbsp; I&#039;ve been a stronger collector of PMs and certain coins over the recent months.&nbsp; I just wish I had been more aggressive at it when I first started buying coins in 1990.&nbsp; Nevertheless, for every $2 in PMs I buy I also buy $10 in stocks.&nbsp; I have to consider the short history vs long history vs the current climate.&nbsp; We all know stocks could go under, hyper-inflation could occur, and American could be rock back onto its heals.&nbsp; At that point I be pleased I had insured myself with PMs.&nbsp; But with that said, the last I checked, shredders work just as well as printers, and policy changes could shut down the presses and start up the shedders.</p><p><br /></p><p>My current position with PMs is not to overbuy.&nbsp; If you&#039;re buying for &#039;want&#039; rather than &#039;need&#039;, I do believe there will be a more reasonable time in the near future to buy PMs.[/QUOTE]</p><p><br /></p>

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