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SPDR Gold Shares Message Board

  • not.real84 not.real84 Jun 22, 2013 9:57 AM Flag

    remember the 90's ?

    Everyone thought they were smart. 15% minimum returns. 10x return on investment. Gold was the same way. If you were lucky you missed 2008.
    Playing downturns is really much tougher.
    i think a thousand point drop is nothing, and entirely expected.
    but what then?
    Not gold. It will take at least 10 years for U.S. to buy back Chinese pandas for pennies on the inflated dollar.
    When China folds and starts dumping gold, it will be really bad.
    Think about it. Are you really rich if somebody owes you a gazillion dollars?

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    • Inflation is rampant in many countries, well for those government who admit it without skewing the numbers. China's growth is less but it's higher then the U.S. both now and in all future forecast. The world readily admits China is the proverbial canary in the coal mine that led the world out of, should have been, depression and they will again. So don't wish for a demise of China with your inflated dollar worth pennies since if China goes there goes the world. The Yuan will be the worlds monetary money of choice when reality sets in. Checked your gas price of late? America awash in oil B.S. Have you checked out the draw down rates on these supposed wells of late, not pretty.

      • 1 Reply to lvegasnelsonr
      • I don't wish China to crash, but it's inevitable. China is Obama times 100. All the growth in China is FDR style make work projects.
        Shale revolution has a LOOONG way to go.
        A. Just rotate 15dg and drill another horizontal well.
        B. Lots of shale layers below Marcellus, Baakan etc.
        Check out this weeks Barrons on your beloved China.
        You are SOOOO out of touch with reality

        Sentiment: Strong Sell

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