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<p>[QUOTE="TreasureSlugN1851, post: 2031935, member: 72934"]I would just like to add... Gold=Insurance. It has since the beginning of time... since the first man pulled it out of the ground it was precious and people wanted its beauty. Emotions are the same, feelings and people are the same. Even those with money... </p><p><br /></p><p>The stock market as we all know works in cycles like previously mentioned... If you go back 100 years and look at all of the cycles and the emotions overall feeling and economic demographic at those times, im sure you'll be on the same page. </p><p><br /></p><p>The US is the most in debt its ever been, we were the best country economically now China has surpassed us... The $17trillion US debt... the fact the fiat $ is the global currency. The fact that the world depends on the dollar and the global economy on a downturn being the only reason the $ hasnt fallen more in the last 5 years... Our policies suck period. Banks are way over-borrowed... investors are WAY over leveraged. if you look at the figures they are record breaking debt and extensions. WE are looking at a huge bubble waiting to burst... whether it's in the next 30days 6mths or 5 years. Eventually the market will correct and with the current world economy in my opinion there is going to be a switch of tides... This is when in my opinion we are going to see gold/silver spike again to new records and probably level out again I think silver $30-45 and gold $2100-2800. </p><p><br /></p><p>According to history it will only be a matter of time before these are regular norms anyway. Like I said above... Gold=Insurance. Rare gold=better insurance. </p><p><br /></p><p>just my 2 cents. btw dow about to pass 18000... here we go![/QUOTE]</p><p><br /></p>
[QUOTE="TreasureSlugN1851, post: 2031935, member: 72934"]I would just like to add... Gold=Insurance. It has since the beginning of time... since the first man pulled it out of the ground it was precious and people wanted its beauty. Emotions are the same, feelings and people are the same. Even those with money... The stock market as we all know works in cycles like previously mentioned... If you go back 100 years and look at all of the cycles and the emotions overall feeling and economic demographic at those times, im sure you'll be on the same page. The US is the most in debt its ever been, we were the best country economically now China has surpassed us... The $17trillion US debt... the fact the fiat $ is the global currency. The fact that the world depends on the dollar and the global economy on a downturn being the only reason the $ hasnt fallen more in the last 5 years... Our policies suck period. Banks are way over-borrowed... investors are WAY over leveraged. if you look at the figures they are record breaking debt and extensions. WE are looking at a huge bubble waiting to burst... whether it's in the next 30days 6mths or 5 years. Eventually the market will correct and with the current world economy in my opinion there is going to be a switch of tides... This is when in my opinion we are going to see gold/silver spike again to new records and probably level out again I think silver $30-45 and gold $2100-2800. According to history it will only be a matter of time before these are regular norms anyway. Like I said above... Gold=Insurance. Rare gold=better insurance. just my 2 cents. btw dow about to pass 18000... here we go![/QUOTE]
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