gold time to buy

Discussion in 'Commodity Futures' started by morganist, Jun 20, 2009.

  1. I would't touch gold futures. Just the spot
     
    #12     Jul 10, 2009
  2. I don't think anyone expects inflation. A dollar collapse is what's in the pipe.
     
    #13     Jul 10, 2009
  3. #14     Jul 10, 2009
  4. #15     Aug 6, 2009
  5. #16     Aug 6, 2009
  6. They kinda go hand in hand, don't they?
     
    #17     Aug 10, 2009
  7. Not quite. It depends who is doing the measuring and what they measure, and what they measure it against.

    For example, when Argentina collapsed, the official rate of inflation was less than 1/2 of the unofficial rate.

    In the case of the US, what other currencies will collapse with the dollar? Against those it won't even look like a collapse.

    Short term, here, I think the dollar is going to bounce and squeeze the shorts. Nobody, but nobody thinks the dollar will go up, therefore it must, even if it doesn't deserve to. Once the squeeze runs its course, look out below.
     
    #18     Aug 10, 2009
  8. Well you could not buy much with the official currency and the black markets preferred barter over the Argentinian dollar.

    You also forget that US is printing unprecedented amounts of dollars in a very short period of time. There are also massive amounts Eurodollars.
     
    #19     Aug 11, 2009
  9. Agreed. Deflation will never be allowed. The debts will see that inflation will prevail. Hence Gold is always the only perma bull market.
     
    #20     Aug 28, 2009