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<p>[QUOTE="medoraman, post: 4263104, member: 26302"]I view pm as going down from two fronts:</p><p><br /></p><p>1. PM that is more industrial like platinum and palladium are reacting to the economy and anticipated lower demand going forward.</p><p>2. "Investment" pm is getting sold to make up for losses elsewhere. When you have a margin call to cover, better to sell a stable value asset and not a stock that has lost 40% of its value and may be near a bottom.</p><p><br /></p><p>So, really, gold has served its purpose. It maintained value in troubling times, enabling you to get cash when you need it the most. Once the margin calls stop, stocks start rebounding, and we take in all of the trillions more spent, I think gold could spike again like in 2011 after the 2008-09 crash.</p><p><br /></p><p>Am I right? No way of knowing at all. Since I do not need cash, and most bullion is sold out, I have decided to just sit on the bullion I own right now and see if it does play out this way.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 4263104, member: 26302"]I view pm as going down from two fronts: 1. PM that is more industrial like platinum and palladium are reacting to the economy and anticipated lower demand going forward. 2. "Investment" pm is getting sold to make up for losses elsewhere. When you have a margin call to cover, better to sell a stable value asset and not a stock that has lost 40% of its value and may be near a bottom. So, really, gold has served its purpose. It maintained value in troubling times, enabling you to get cash when you need it the most. Once the margin calls stop, stocks start rebounding, and we take in all of the trillions more spent, I think gold could spike again like in 2011 after the 2008-09 crash. Am I right? No way of knowing at all. Since I do not need cash, and most bullion is sold out, I have decided to just sit on the bullion I own right now and see if it does play out this way.[/QUOTE]
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