I agree. Last summer people were predicting $8 per gallon gasoline. I knew it wouldn't happen.axis_of_evil wrote:Yes but people won't have money to buy gold
Right now, gold prices are shooting up, based on similar psychology. It won't last.
I agree. Last summer people were predicting $8 per gallon gasoline. I knew it wouldn't happen.axis_of_evil wrote:Yes but people won't have money to buy gold
People looking to invest their cash in the bottom of the pit, like myself, would choose deflated stocks over inflated gold.bujjai wrote:The "sheeple" wont, yes you're right. Those who are holding and liquidating their cash positions will certainly have something left and it will find its way into the PMs.
My cousins, Indians in the tech industry, don't see India taking over the world economy any time soon. In their opinion, Americans still own the majority of tech companies, so even if Indians are doing the work, Americans are making the profits. Furthermore, the tech industry is entirely dependent on other businesses, as those are their customer base, so if the economy suffers as a whole, then the tech industry also suffers.bujjai wrote:But if you read and subscribe to generational theory then you would know that there is no bottom to the deflation....and if you possibly think about where we now are financially, do you truly beleive that there is a bottom? When will you start buying and what is the likelyhood that it will go up from there, given the situation of the US in the world economy. I mean do we even make anything anymore? where are we when it comes to making cars vs the other economies? do we have the tech know how intellectual capital or is india/russia/china eating our lunch?
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