RE:RE:RE:RE:HEDGE ENDS TOMORROW ... Heh. Looks like the Democrats took control of the senate. Start the printing presses.
The Dems controlling the House, Senate and Presidency..... yeesh there's no telling how crazy things get now. I'd imagine it's likely to favour gold.
Ronbromleygross wrote:
Inca
Your last sentence says it all. Yes I agree that China and the "Far East" will be the super powers of tomorrow. That tomorrow will happen much quicker than most people think. Happening NOW imo.
I have been reading for many years that the Chinese have been stockpiling and accumulating gold behind the scenes that many are not aware of with regards to the quantities. It is much more than they lead us to believe. They have been dumping US treasuries over the last several years based all the careless and irresponsible money printing the USA only knows how to do. There is no accountability or fiscal discipline here. Why continue to hold a USA iou that continues to get lower and lower valuation. The USA dollar continues to lose its value.
There is also talk that the Chinese will take over the next world currency and "gold" will form a major part of the next world reserve currency. China believes in savings. They also believe in and buy gold. A reserve backed by something tangible is the only way to control and restore fiscal responsibility. They abolished it in the 70's and that is where things got out of control. The money printing was alive and well shortly thereafter that.
My forecast is Bitcoin takes a serious tumble sometime this year. Those who made money would be smart to take profits. Bitcoin is just a fad that comes and goes. I one had been able to put any value on it. Anything that goes up to 35,000 in the blink of an eye with no fundamental reason why is not an investment but pure speculation and a Ponzi scheme imo.
I will stick with natural gold that has been around for 5000 years and is in no danger of going away. Gold will still be around long after we are all gone from this earth.
Stick with the bullion and miners, etc. They will see us through and price of gold will be much higher once this manipulation is over with.
Ron