Steve R.
Retired
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- Today, 08:06
- Joined
- Jul 5, 2006
- Messages
- 4,703
I have thought if it ever goes down again I might buy more. I guess we'll see if I ever get the chance. For now it looks like the price direction is up only.
I have had a strong reluctance to buying metals such as gold and silver. The problem, they don't pay a dividend while you sit on them. Consequently we have invested in oil companies (black gold). But given all the "quantitative easing" we could be in a position for hyper-inflation.
I ran into a very explanatory u-tube video (Quantative Easing Revealed - It's an Episode of the Twilight Zone) that substantiated my belief that the FED is promoting inflation. Technically, the free market should go through periods of inflation and deflation. So, the FED, by promoting inflation, is 1) effectively devaluing the dollar and 2) reducing the real value of debt through the use of depreciated dollars.
So maybe there is a place in one's portfolio for gold.
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