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Which Is More Likely To Happen First--- Inflation UP, or Gold DOWN?
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<p>[QUOTE="GoldFinger1969, post: 26433486, member: 73489"]I've been in the markets as a professional and investor for over 40 years and I have NEVER seen margin calls being met with the sale of gold or any PMs except an individual here or there in small quantities, and nothing to extrapolate to a system-wide process worth monitoring.</p><p><br /></p><p>In 1980, gold traded $1 billion a day...and so did the foreign exchange (FX) markets. Today, gold trades about $75 billion a day and the FX market is about $7 trillion a day.</p><p><br /></p><p>The point is....<b>the dollar and bond/money markets are where funds are stored including money seeking safety during turbulent times, not so much gold.</b></p><p><b><br /></b></p><p>I've also worked for 2 Private Banks -- you just don't see margin calls (very rare, more common for hedge funds) being a problem with retail or HNW accounts unless someone is being advised by a moron (of which there ARE some !! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /> ).[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 26433486, member: 73489"]I've been in the markets as a professional and investor for over 40 years and I have NEVER seen margin calls being met with the sale of gold or any PMs except an individual here or there in small quantities, and nothing to extrapolate to a system-wide process worth monitoring. In 1980, gold traded $1 billion a day...and so did the foreign exchange (FX) markets. Today, gold trades about $75 billion a day and the FX market is about $7 trillion a day. The point is....[B]the dollar and bond/money markets are where funds are stored including money seeking safety during turbulent times, not so much gold. [/B] I've also worked for 2 Private Banks -- you just don't see margin calls (very rare, more common for hedge funds) being a problem with retail or HNW accounts unless someone is being advised by a moron (of which there ARE some !! :D ).[/QUOTE]
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