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Cashmeoutside

3,037 Posts.

1807

18/08/19

10:50

Post #: 40028113
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Originally posted by Dr.Who ↑

I have no problem with Gold. Most of the time I have a long bias towards gold and have earned from that long bias in my current 12 month period.

What I have a problem with is posters peddling untruths and posters cognitive bias influenced opinions displayed as fact.

Inflation and rates are complex concepts. Inflation can be good or bad depending on the underlying reason. Fundamentally a degree of inflation is preferable to induce spending that feeds the economy, jobs and growth.

How the market reacts at any given moment is not a mirror image of the economy at large. That is self evident, just looking at big market index % swings month to month demonstrates that. The economy is a very slow moving machine - it can take a year or more for a policy decision to have real impact on the upside and downside. Yet, markets continually try and predict plus undoubtedly a degree of structural positioning that can fool the unwary by today's 'price' .

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So your current view on gold then (for next 12 months) give you hold a long bias?
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