So i told a few of you....
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So i told a few of you....
... a while ago... my personal thoughts on investing in a downturn... and what im doing right now....
i hope for your sake you took my advise.
gold his $1000USD per troy oz
i hope for your sake you took my advise.
gold his $1000USD per troy oz
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back in HS, we had a substitute teacher that everyone called "the gold guy" because he would just spend all the class time telling us to invest in gold. i believed him at first, but then just brushed him off as a crazy old man.
boy was i wrong. =(
boy was i wrong. =(
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Gold is peaking. Get out now.
By the way, the price of gold is the only reason I have a jorb at this point. Gold miners are coming out of the woodworks, re-opening old mines and going after risky claims. Supply WILL be increasing in 12-18 months, significantly.
By the way, the price of gold is the only reason I have a jorb at this point. Gold miners are coming out of the woodworks, re-opening old mines and going after risky claims. Supply WILL be increasing in 12-18 months, significantly.
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****, I got the Oafettes panning in my creek right now.
Autumn's little 4yr old fingers are just the right size for removing the flakes.
She cries a little...something that the water is cold....
Autumn's little 4yr old fingers are just the right size for removing the flakes.
She cries a little...something that the water is cold....
Let me know if you need another panner. My 4 year old has too much energy.
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we are about 6-7 ears into a commodities run. these runs typically last 12-15 years so we are about halfway to 75% in. it will take longer than 12-18 months for new capacity of any significance to come online, and even then, your assuming that demand will stay flat or decrease. with inflation heating up thats unlikely.
id say gold will hold its gains or go higher for the next 2 years before it starts winding down.
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wrong.
we are about 6-7 ears into a commodities run. these runs typically last 12-15 years so we are about halfway to 75% in. it will take longer than 12-18 months for new capacity of any significance to come online, and even then, your assuming that demand will stay flat or decrease. with inflation heating up thats unlikely.
id say gold will hold its gains or go higher for the next 2 years before it starts winding down.
we are about 6-7 ears into a commodities run. these runs typically last 12-15 years so we are about halfway to 75% in. it will take longer than 12-18 months for new capacity of any significance to come online, and even then, your assuming that demand will stay flat or decrease. with inflation heating up thats unlikely.
id say gold will hold its gains or go higher for the next 2 years before it starts winding down.
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You're right, prices aren't going to start falling immediately. But, supply is definitely on the rise. Also, the publicity from the record prices is going to ge a lot of bandwagon investors, so while prices will rise or stay up for a while, like maybe 18-24 months, it sure looks to me like a future bubble bursting.
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