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<p>[QUOTE="desertgem, post: 2027676, member: 15199"]You are welcome to buy or sell as you wish, but just current financial happenings make decisions very short termed. For instance, Hedge funds here and internationally are accumulating USD ( 48 billion so far from a couple of sources) as they see a further strengthening vs the world currencies. If Swizterland's referendum Sunday to buy 1500 tonnes of gold in the next few years is not passed, it indicates a turn around in the beliefs of the Swiss who have been predominantly hard asset. If it is , gold may have a little of a life, but valued in a strengthening USD will mean that POG will have little reaction. The price of oil dropped about $5 a barrel yesterday as the Saudis try to undercut shale oil in the Americas to the deepening deficit of the smaller oil nations. People base their idea of the US economy mainly on how they are affected, but if you think it is still in 2008, it is not. Quantitative easing did its job, much to the chagrin of most of the world who just now are starting their own QE ( Japan, EU). I would save every USD you have for a couple of years before buying PM in quantities greater than a few % of your total savings. Happy Thanksgiving to All![/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 2027676, member: 15199"]You are welcome to buy or sell as you wish, but just current financial happenings make decisions very short termed. For instance, Hedge funds here and internationally are accumulating USD ( 48 billion so far from a couple of sources) as they see a further strengthening vs the world currencies. If Swizterland's referendum Sunday to buy 1500 tonnes of gold in the next few years is not passed, it indicates a turn around in the beliefs of the Swiss who have been predominantly hard asset. If it is , gold may have a little of a life, but valued in a strengthening USD will mean that POG will have little reaction. The price of oil dropped about $5 a barrel yesterday as the Saudis try to undercut shale oil in the Americas to the deepening deficit of the smaller oil nations. People base their idea of the US economy mainly on how they are affected, but if you think it is still in 2008, it is not. Quantitative easing did its job, much to the chagrin of most of the world who just now are starting their own QE ( Japan, EU). I would save every USD you have for a couple of years before buying PM in quantities greater than a few % of your total savings. Happy Thanksgiving to All![/QUOTE]
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