You sadly have not taken into account that the petrol dollar is dead. Oil in dollars will start to rise as dollars used to trade oil are in decline.
Have you limited your reading to gold bashers? GS told their clients to buy gold. When the debt reached $20 trillion later on this year, do you think the dollar will hold up? You can only manipulate the dollar so far. If you take all the gold ever mined by man ever, the current value of all the gold ever mined would be about $17 trillion in today's dollars. You could not even pay off the debt. Gold is significantly under valued. You must be reading the memos put out by the dollar manipulators. Buying bonds when interest rates are as low as they are or even negative in Japan and Germany, or in the 1 percent range in the US sounds like a great investment
Could be, however the fiat currencies of the world are a house of cards ready be ready to shout Jenga, If you took all the gold and silver ever mined in the history of man, you would not have enough money at today's PM prices to pay off the $20 trillion debt of the US government.
I think when you say junk you really mean fiat currency. At the current price of gold, if you took all the gold ever mined in the history of man, you would not have enough money to pay off the $20 trillion debt. Gold is way under valued.
The same could be said about George W Bush. both bush and obama are the two worst presidents in the history of the US. Combined these presidents increased the debt by 416 trillion.
The stock market has gone sideways for the last 18 months. We have having lower highs and lower lows since the market top in July 2015. First the Euro and GBP will fall then the dollar.
You only lose money if you sell. If you held on you would not have lost money. Gold is the only money that is not backed by $20 trillion of debt and $200 trillion of unfunded liabilities, as well as a dying petrol dollar. However, with NUGT I have less than 100 shares. It makes the gold/silver investing interesting most of my PM investments are in PSLV and PHYS and Canadian maples.
You are spot on. The problem with the mind set in the US, people in the financial world can not see beyond a few days. To put that comment in perspective a few days would be a long term view for most in this sector. The stock market is manipulated in the rebound we have seen in the last couple months. However, the high of 18350 of last summer will not be surpassed. Since that all time high last summer we have had lower highs and lower lows which signals a bear market. The stock market can go to zero, Gold and silver will always have value.
Rate hike? Why do you think rates are so low, the government has done away with 30 year bonds and finances the $19.3 trillion debt with short term bonds. The government can not afford to service the debt with higher rates. With a third of the worlds GDP on negative rates, the trend is negative rates.
With $19.4 trillion of govt debt and $200 trillion on unfunded liabilities, the government can not raise rates significantly enough because they can not afford to pay on the interest only debt/loans they have, most of the debt is financed with short term notes so any rises in interest rates would effect the amount of interest payments they have. If the rates are raise to normal, we will have hyperinflation because they will have to print more money to pay the debt, Either way is a good scenario for gold.
Instead they will be backing their currency with gold so their currency has value, while the dollar.................... is backed to $20 trillion of debt and a shrinking petrol dollar exposure. The chinese have much debt, but nothing compared to the US with $20 trillion of debt and $200 trillion of unfunded liabilities, and the quadrillion of bank derivatives.
Goldman Sachs and JP morgan issued buys on gold and newmont mining. Good news.