RE:RE:Is the USD about to work higher?
DanWarren wrote:
Again, from the pointers I'm getting from the various interviews of investment pros focusing on the gold silver sector, gold stocks are the most undervalued compared to the general market than any time in the past 16 years. Yeah, they could get hit in a bear market, but by way less than the overvalued general market, and would likely be the group to buck the bear trend, turn up first, maybe even be the refuge of safety, as a sector that investors flock to to preserve wealth, when confidence in govts ability to manage the economy goes up in flames due to the massive debts, and the Feds inability to raise rates, as a tool they once had, but have abused so horrifically by constant debasing of the value of the dollar. The notion that the FED is between a rock and a hard place. With little ability to raise rates without creating a big bear market is everywhere as an understanding among these pro investment guys focusing on gold sector as the only sane place to be....silver too.
It always amazes me how well the US dollar holds up even though they pump out trillions of dollars every year into the economic system. But it has always been that the country with the strongest military has the strongest currency. Although I think the value of the dollar has to go down as US debt grows and they just can't keep the printing press going non stop at this rate without there being some sort of reset. They are keeping the price of gold down for now but it will soar eventually. Gold is the ultimate currency. Paper money comes and goes but gold is forever.