if re price drop further? , page-69

There has been serious damage done to the precious metal market recently. I just hope this is not a preview of a cyclical deflationary cycle. Some suggest this would be beneficial to consumers and increase demand except unemployment increases in a deflationary spiral. Full time jobs are reduced to part time jobs. Banks slow lending because collateral values decline. Auto sales slow as buyers wait for prices to fall. Assets usually held for wealth generation purposes (commercial real estate, precious metals, stocks) decline in value.

Example: If I anticipate that a car will be even cheaper if I only wait a little longer, then I'll keep waiting. If you have any kind of debt, the dollar value of your debt will remain the same in a deflationary period, so you will have to pay back your debt with a decreased income.

I say this because gold just technically entered into a bear market.

(These are only opinions and should not be seen as recommendations on buying or selling stock)