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Who's Buying Gold

Discussion in 'Speaker's Corner' started by fester, Feb 4, 2009.

  1. do_ron_ron

    Sgarrista

    Joined: Oct 23, 2002

    Posts: 7,860

    America has or is about to remove laws put in after the Crash to prevent it happening again. This would make another Crash or large adjustment likely in the years ahead.
     
  2. StriderX

    Capodecina

    Joined: Mar 18, 2008

    Posts: 16,356

    Doesn't really matter if there are laws in place or not, a new problem was created with the solution to the previous crisis that isn't solved by said solution. The dollar is going into the ditch at some point, there's just a matter of when.

    Trump made rather sure it'd happen sooner.
     
  3. silversurfer

    Capodecina

    Joined: Jul 13, 2004

    Posts: 18,581

    Location: Stanley Hotel, Colorado

    Since this thread is quiet, Dollar interest rates appear to have risen (ignoring inflation etc) and things like crypto take over common interest its probably a positive for the long term price that gold is not especially weak

    Saw this video and seems like it relates to elements like gold and its wider modern usage

    https://youtu.be/EC0G7pY4wRE?t=888


    I dont think laws have eliminated a crash but the most likely case is a drop in value of currency more then defaults occurring like we saw 10 years ago. How widespread can debt handling like Greek bonds be spread elsewhere in each case of non performance around the world I dont know but it'll be paid for in other ways, where as default is the correct path in a capitalist system
     
  4. silversurfer

    Capodecina

    Joined: Jul 13, 2004

    Posts: 18,581

    Location: Stanley Hotel, Colorado

    Good representation for both sides of the argument I thought in this video, usually it turns into nonsense or they shout over each other.
    Its a really old one but its relevant to gold as its traded in dollars both of which asset types are tier 1 assets held by central banks as security on a national level as well as many others. Could also be said 13 years later, this must be wrong but I think the price action on gold has been decent enough and I have it beating a downtrend of over half a decade now which should mean it gets noticed more. If this thread is still dead year end I guess I was wrong to call that short term on a decade long asset type.