RE:RE:Why buy gold........part of an article by Stephen LeebIs this a rhetorical question,,,,,,,,,,,,,,,,,,why are you asking me...........Stephen Leeb wrote the article.
There are many anal ysts that are calling for gold to double at least and have very high expectatioins, as in much higher than a measly 19 grand. What is important to me is the value of gold when the stuff hits the fan. It will look a lot better than fiat currency.
Fact is, it has nothing to do with the economics of getting gold out of the ground. It has everything to do with global economics.
Perhaps you are in the camp that believes the US is growing and coming back to life, you may also believe that the unemployment rate in the US is 5.4 %.
It is for that reason I have opened an account, and in my very small way started the ball rolling.
My guess is that you have not and the price of this relic ( Au ) is not even on your radar.
Apparently you are an agressive day trader............So was I, everyday of my life for 25 ish years as a floor trader. Trust me, it does not end well all the time...............if you are not short your likely on the wrong side of the market for a while. The volume has dried up and it is slowly drifting down. We are heading into the quite time of the market, hard time to generate buying at this time of year. I feel the stock price is a little high..........it should never have trader anywhere near 8 bucks..............want to double your money............open an account and buy gold.
I am not a shareholder, I find the concept fascinating and a great tool to get me to save. I am looking forward to the amalgamation of the companies and see what they do with the product line.
This fall will tell the tale on the markets in general, I am not optimistic. Fact is, I am down right scared for those that think things are OK......they are not..............hence, I buy gold and silver..
FWIW..............I have a target on gold of 5K.