Well, What happened to all the GOLD HOARDERS ?

[houstonscott]

What has driven price down is paper gold. Physical gold is still being bought up now in gigantic amounts right before your eyes. Germany, India, China, and others are moving to remove dollar as worlds currency. When that happens, standby.

HS

 

[Larry Caldwell]

The run up on gold was never really in line with the economic fundamentals. A fair amount of it seems driven by paranoid apocalyptic thinking, rather than a logical assessment of the economics.

Not impressed by Bass either. He sounds just like Peter Schiff, another economist/investor who "predicted" the housing crash as his claim to brilliance (although everyone really knew it was bubble bound to pop to some degree) and has been crying hyperinflation ever since. Also predicted Europe would "decouple" from the US and the economy there would prosper. Another terribly wrong prediction.

Hyperinflation is not coming. If anything inflation needs to be a few ticks higher. We seem right on track to repeat Japan of the 1990s to today.
Low growth, low interest %, low inflation/borderline deflation, and massive debt with no movement to breaking out of the cycle.

Even a broken clock is right twice a day.

You seem to define inflation as consumer price inflation. In fact, we have had hyperinflation for quite a while now, it's just asset inflation. Consumers don't have any money to buy stuff, but investors have garnered $trillions in the last 4 years. The price of farm land has doubled and tripled. The price of stocks has increased 150%, and the Chinese just came in and offered a 31% premium on top of that for Smithfield. Inflation is only low if you put on your blinkers and only watch the CPI.

 

[Dr_Zinj]

... I cannot fathom any circumstance where someone would need 50,000 in cash for anything where a cashier's check would not suffice, unless it was of dubious nature that requires the concealment of a paper trail.
...

I can. October 28 & 29, 1929.

 

[brin]

I can. October 28 & 29, 1929.

Outstanding point....and that can and most probably will repeat and if all your money is tied up....and banks close...remember Cash is king...no one wants your gold...can't eat that...don't have change etc. but the greenbacks they are used to will work but not if all of yours are in the bank or stocks etc...think and plan ahead for downsides....:2cents:

 

[joshuabardwell]

He sounds just like Peter Schiff, another economist/investor who "predicted" the housing crash as his claim to brilliance (although everyone really knew it was bubble bound to pop to some degree)

This is, IMO, totally inaccurate. Don't you remember the hordes of pundits and "economists" claiming that the housing market could keep expanding forever? People were explicitly denying that it was a bubble. "This time it's different," they said. Schiff was roundly excoriated for his views. And let's also not forget that he didn't just say, "This is a bubble and it's going to pop," but he nailed the mechanisms of the failure as well.

 

[Grumpy Old Man]

Outstanding point....and that can and most probably will repeat and if all your money is tied up....and banks close...remember Cash is king...no one wants your gold...can't eat that...don't have change etc. but the greenbacks they are used to will work but not if all of yours are in the bank or stocks etc...think and plan ahead for downsides....:2cents:

Like I said a few months ago My chickens don't go down in value ,Everyday they bring home another interest payment (egg ) and lay almost daily for 2-3 years thats real interest !

 

[brin]

Like I said a few months ago My chickens don't go down in value ,Everyday they bring home another interest payment (egg ) and lay almost daily for 2-3 years thats real interest ! View attachment 326399

Grumpy....What happens when 2 fellas show up at someone's door....society has collapsed , it is the abyss that all fear..and one has chickens and eggs to trade to the folks and the other has a coin or bar of gold...>? They are hungry and thirsty...:thumbsup:

 

[MossRoad]

I can. October 28 & 29, 1929.

https://en.wikipedia.org/wiki/Federal_Deposit_Insurance_Corporation

 

[MossRoad]

What happens when 2 fellas show up at someone's door....society has collapsed , it is the abyss that all fear..and one has chickens and eggs to trade to the folks and the other has a coin or bar of gold...>? They are hungry and thirsty...:thumbsup:

You shoot both of them for trespassing, feed them to the hogs, bury the gold in a safe location and have eggs for dinner of course.

 

[lilranch2001]

I'd be glad to sell all you want at $1700/oz.

where in my post did you see anything about me BUYING it?