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- Why Russia Is Dumping Dollars And Buying Gold At The Fastest Pace In Decades -, page-186

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gozinsa

4,000 Posts.

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09/04/19

22:07

Post #: 38068471
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Originally posted by Dr.Who: ↑

Another quality factual post from Skol, well done!

Yes, the good people of the US are not doing too badly are they! Top earners are pulling away but all quintiles are making steady progress above inflation. I'm not seeing a crisis in these figures - even the GFC hardly made a blip in the bigger picture. Monetary policy doing tis job well bet against it at your peril.

Gold won't send your broke but it certainly won't make you rich. Gold is in a tight range bound indefinitely. Long-termers interested in earning a quid would do as well putting their money in a high street high-interest instant access savings account. At least hard-earned would be liquid in there ready to pull out at short notice to take advantage of stock market dips.

I'm long gold from 1285 waiting for my next sell, it will come soon enough at the top of the range. There is coin to be earned by taking blinkers off and trading gold for what it is - a speculative instrument.

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PS Gold in AUD is up about 300% in the last 20 years, vs ASX piddly 100%. You would've been much better off just buying and holding Gold instead of trying to be clever.
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