RE: David Stockman Warns "Gold Is The Only Safe Asset Left"

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David Stockman Warns "Gold Is The Only Safe Asset Left"

in gold •  7 years ago 

You may be interested in Peter Schiff. He has been saying this for years.

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7 years ago by

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      ·  7 years ago 

    Yes, I am very aware of Schiff... All these guys have interesting information, the problem they all have is they pretend to have a crystal ball. No one has one btw. I like to follow the lines of logic and draw my own conclusions with not just gold but basically all assets. I posted the article to give the steemers more information from which they too can draw their own conclusions. Knowledge is power.

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        ·  7 years ago 

      And for the record, over the longer term I think these guys will be proven right and precious metals are a steal at these prices. Over a longer time frame is the key.

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          ·  7 years ago 

        Seems like the value of gold has been in a relative standstill since 2013, but I guess it's not so much about appreciation as it is about security. It's always tempting to shift crypto into gold.
        Similar mindsets required for future-casting in either case.

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            ·  7 years ago 

          @luminousflux yes the market for gold has actually been in a long term correction from the last bull run since 2011. It went from roughly $300 to $1800 over a more than 10 year up move. The move since 2011 has been trending lower but seems to be losing steam now. I think it is a good entry point from a long term perspective but comparing it to crypto is certainly not easy. And yes I agree that the mindset behind them both is to be free from fiat.

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