GOLD 0.51% $1,391.7 gold futures

the feared gfc2 ...

  1. 24,765 Posts.
    is not coming soon imo because too many people are talking about it and posting about it. Am I to believe that the majority of investors will correctly predict GFC2?

    That will be a first!

    Serious financial crashes come when the vast majority of people are confident and not expecting them, just like GFC1 and just like the 1987 Crash.

    By the way, for years after the 1987 Crash people were incorrectly predicting another Crash.

    We're less than three years after GFC1.

    With money printing going wild we are heading for a new period of inflation, devaluing currencies and cash and rising commodity price, including of course gold.

    I suspect many people posting on this forum have no idea what living through high annual inflation is all about, as we've had pretty much benign annual inflation for the last few decades - and even that has seriously devalued dollar purhasing power.
 
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