Holy cow that USdebtclock website is cool.
So with inflation/credit crisis like you predict JB, is the ONLY investment physical gold/silver?
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Holy cow that USdebtclock website is cool.
So with inflation/credit crisis like you predict JB, is the ONLY investment physical gold/silver?
i reckon there is deflation occurring
its probably more important as regards this thread and gold as to whats happening in other countries than here in NZ
but if we see this graph of M3 we dont see inflation now do we ? (thanks to interest.co.nz)
ENP
No you can use "shorting" on stocks/sectors/indexes that will be affected, or make a play on a currency that benefits from a falling USD, whether it's the Yen, Euro, Yuan, whatever
Exporters do well when the US is weak, importers do well when its strong
Gold is an old nature hedge against the USD, as its seen as a safe haven
So from what you say Shasta, I should keep my money in NZD as I/exporters/NZ economy will benefit from a falling USD? Just park it in a NZ bank account?
I don't really like the idea of gold/silver as it doesn't pay any interest/dividends, but want to hedge myself against some inflation.
The US in 2010 will payout more in benefits than receive in taxes ????
Gold/silver is going up because people with money are buying it in droves take away the massive naked shorts an have a true free market both would be much higher which they will over the next couple years -----
go to ----
---Iflation.us--- an watch meltup a 50min long clip on the worldwide credit woes with many facts the likes of Skol don't seem to understand
Im not sure about the $NZ dollar, we tend to follow what other asian currencies do, & as im not really an FX person, i'd prefer a more direct exposure, ie, agriculture does better with a weak $US, just note the Fonterra payouts rising as an example of that.
I was posting on the NZO thread last year saying they should convert $US dollars back to $NZ, now the $US is a little steadier, it could start to turn for the better????
I'm bias towards Silver though, & would rather hold silver coins than currency
Have a look at the Perth Mint, & so many of there silver coins are completely sold out
I'm looking to accummulate silver coins, on behalf of a friend & for myself when i see some value available
When there is so much information out there with different opinions. The sharemarkets, one "expert" says they are going to crash and have evidence to back it up while another has evidence to back up that it will continue to boom.
The same is true with gold/silver prices, "experts" and data say it's in a bubble and will crash anytime soon and others are saying gold prices might go up to over $15,000 USD per oz, etc, etc.
Who do you know who to listen to, how do you decide which information is right?
Basically where I'm at right now, I feel I've missed the boat on the whole gold/silver thing and if I bought now, I would have missed the majority of the bull market. But then on the other hand, I don't want to continue to keep my money in term deposits paying histocially very low interest, some not even keeping up with inflation after tax.
Gold has had a great run, but as always silver has lagged.
I believe there is more upside in Silver than Gold, so for what it's worth i don't think it's too late, but iv'e been looking around for silver coins & what is out there seems to be at a premium well above the spot rate.
Disc: I am bias towards Silver ;-)
So you don't think gold will go up much further you just think that 1:10 gold.silver ratio needs silver to increase still to reach that ratio?