Post by
bobofet on Oct 07, 2016 12:10pm
Raise Rates ..please
We have to get this behind us, so please go ahead raise those rates. And yes when they do gold will go down again. So where does this all leave us, short term .. not well, but I think after its all said and done we will get back on track.. the world has not changed that much,, monies are still owed... the world is stil a bit scary... gold is off right now because the world looks to the U.S dollar instead of tangible gold at the moment.. Europes a mess... China devalues its currency to the extreme to increase it exports,, japan is still waiting for its economy to turn, Banks are faltering ... volatility helps gold , but when we become complacent about our volatile factors in the world ... our direction becomes very hard to map. I would personally love it if gold could find a different route to prosperity other than chaos... just think if everyone would just buy an ounce or two and keep it for a rainy day.. or if we had more gifting of gold... or other reasons to increase demand.... signed philosophy hurts my head
Comment by
Platin2014 on Oct 07, 2016 11:21pm
You arre right with all your points, but IMO Gold will raise after rates go up, look into the history when rates went up, most of the Gold went up. To raise rates gives FED a little bit amo again, when markets go down and they will. IMHO