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Somebody pulled the plug on PMs again...
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<p>[QUOTE="fatima, post: 1271076, member: 22143"]No need to scream. Yes people are tossing their money into cash. Federal Reserve Notes to be exact which is a commodity which can be created out of thin air and has no limit on quantities. As as illogical as this sounds, this is what people do who don't understand what is going on which is 95% of the market out there. </p><p><br /></p><p>For gold and maybe silver buyers, this is another buying opportunity. Gold is still up since July which you can't say about much else. Sure they are going to knock it down. Europe is currently melting down and the non-US press is putting a lot of time into covering it. Next month if something like BAC goes bankrupt, you will see the money flowing somewhere else. </p><p><br /></p><p>I've said before on this forum that you should only take on PMs with a long view. Gold will go back up. The math can't be denied.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1271076, member: 22143"]No need to scream. Yes people are tossing their money into cash. Federal Reserve Notes to be exact which is a commodity which can be created out of thin air and has no limit on quantities. As as illogical as this sounds, this is what people do who don't understand what is going on which is 95% of the market out there. For gold and maybe silver buyers, this is another buying opportunity. Gold is still up since July which you can't say about much else. Sure they are going to knock it down. Europe is currently melting down and the non-US press is putting a lot of time into covering it. Next month if something like BAC goes bankrupt, you will see the money flowing somewhere else. I've said before on this forum that you should only take on PMs with a long view. Gold will go back up. The math can't be denied.[/QUOTE]
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Somebody pulled the plug on PMs again...
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