InvestorsHub Logo
Followers 18
Posts 7065
Boards Moderated 0
Alias Born 07/01/2010

Re: Jim46 post# 50758

Wednesday, 12/14/2011 10:48:37 AM

Wednesday, December 14, 2011 10:48:37 AM

Post# of 101798
Jim in a Depression you cannot eat gold. Now I agree if they decide to go back on the gold standard that will change things but I doubt that happens. If countries need dollars they will cash out their gold. Gold needs inflation. Deflation is not its friend and that IMHO is what we have. As boomers retire they are not buying those vacation home anymore with the RE market in the crapper and they have all the material needs already and can make things last a bit longer before replacing it. No this cycle is a long way from over and fixing it will be painful, but not will bedevasting. These are the times when the likes of Hitler's and Stalin's are born so be careful folks.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.