Message:

<p>[QUOTE=&quot;fatima, post: 1589680, member: 22143&quot;]You guys don&#039;t get it.&nbsp; Interest rates have everything to do with it.&nbsp;&nbsp; </p><p><br /></p><ul> <li>Gold is a monetary asset and a hedge against the fiat $.</li> <li>Interest rates = 20%&nbsp; = a huge decrease in liquidity.</li> <li>as $ liquidity disappears, hedges against the $, namely PM, become less attractive </li> </ul><p><br /></p><p>To put it in more simple terms, if you can earn $16%+/year in a simple bank savings account that has no risk and is also federally insured, there is absolutely no reason to own gold as a hedge.&nbsp; Gold has investment risk, physical gold costs money to hold and pays no dividend.&nbsp; &nbsp; Thus interest rates = 20% = collapse in gold prices.&nbsp; </p><p><br /></p><p>This, is why that situation, that happened 33 years ago, has absolutely nothing to do with what we are seeing today.[/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