RE:RE:RE:RE:I did say we should reach the 1.70's and today it happened.Dangerdavid wrote: I been in this one since 2004. I don't care what you do. I was just my giving opinion as before. And yes I think it was criminal but I am still holding. When gold takes off all mining stocks will follow suit. I believe gold is heading much much higher soon for reason you probably would not understand. Again just an opinion.
I believe gold is headed much higher too. And I'm beleive Sabina will appreciate with it. We're obviously seeing rotation into comodities, apparently due to inflation expectations. People like to think in terms of cause and effect. The thinking goes, "they are printing so much money, therefore hard assets have to go up in price." Yes, to some degree that's true, but what we're seeing is a rotation into relative value, which happens to be coincident with, and in support of that same inflation narrative. The money really has nowhere else to go.
With so much money looking for a home, the rise in comodities will prove to be the inflation validation - the spark if you will - for gold. Once inflation is validated, the masses will begin to look for other inflation hedges. And that's where gold comes in. We all have a feel for the price of hard assets. For example, I think bananas have been cheap my entire life. But if the price of a banana were say 5 bucks a sitck, I'd be saying, "whoa, hold up here, this isn't realisitc or sustainable." On the other hand, no body really has a feel for the upper limit of the gold price since it really doesn't impact our daily lives. That's what makes it such a beautiful spec. Pundits will state that the price needs to offset global debt, placing the theoretical price into the stratosphrere. But it's exactly that narrative/carrot that creates the buy-in that propells the prices to beyond what anyone could ever imagine. Gold will need to catch up. The masses haven't realized that just yet. That's why I think gold is the ultimate investment at this point in time.
There. Now that I've showed you mine, show me yours. Don't be shy. Why do you think gold will excel and why would you think I don't have the mental capacity to understand your reasoning?