Waiting On Next Move
I want to see what kind of policies are now pursued by the Fed. Some think bi-partisanship will now take place more out of sheer desperation than anything else.
Personally, I think a band-aid might be applied to prolong the fiscal cliff.
I also think others are waiting, to some degree, to see if bi-partisanship takes place. If it does, and the economy does make some sort of real progress, I see PM prices going down. If they do not, I think the unavoidable reality of hyperinflation will move more money into the metals as long as they seem a safe haven compared to other investments.
Personally, I think now is the time for me to sell some gold and put some needed funds in the bank (and into groceries, property taxes, etc.) I have held for a long time, but now reserves are low and I am not sure if extended unemployment is going to be possible
If the Congress and Senate do not approve additional funding to the states, most people on extended unemployment will no longer have income as of Jan. 1, 2013. As illogical as it sounds, I think they may leave those in need high and dry.
On a positive note, I did find a broken 14k necklace this past Saturday and got it for a quarter (.25). Also, found a child's jewelry box at a Goodwill and paid $3.21 for it. In the bottom was a Navajo cuff bracelet with the maker's name and the word sterling on it. Look for around $25 on the small necklace and around $35-$40 on the bracelet. Not rich, but still nice to find.
Analyze the Anticipation!!!
