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Pi7
Reputation Activity
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Pi7 got a reaction from Foster88 in Gold Monitoring Thread $ (USD) only
Of course no one know but I dont see $1,500 gold for a long time.
I only see the covid impact extending further and further with more business impact and lockdowns. That alone suggests more and more stimulus.
But regardless of what happens with covid now, I think soon we will begin to start seeing the real state of world economies. Right now the average person is distracted from the real problem some nations face, massive debt, no growth, inflated stocks and economies hitting the end of the long term debt cycle. Once the narrative changes from health and pandemic to financial meltdown, gold could go crazy.
I also think there is a good chance of another big pullback on stock markets. That could again bring gold back with it, but I just dont see it. People see it coming now and the wise investors already be positioned in gold and have other forms of liquidity. Contrary, I think another stock market pull back could see a lot of movement into gold.
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Pi7 got a reaction from Goldmansacks in Gold Monitoring Thread $ (USD) only
Of course no one know but I dont see $1,500 gold for a long time.
I only see the covid impact extending further and further with more business impact and lockdowns. That alone suggests more and more stimulus.
But regardless of what happens with covid now, I think soon we will begin to start seeing the real state of world economies. Right now the average person is distracted from the real problem some nations face, massive debt, no growth, inflated stocks and economies hitting the end of the long term debt cycle. Once the narrative changes from health and pandemic to financial meltdown, gold could go crazy.
I also think there is a good chance of another big pullback on stock markets. That could again bring gold back with it, but I just dont see it. People see it coming now and the wise investors already be positioned in gold and have other forms of liquidity. Contrary, I think another stock market pull back could see a lot of movement into gold.
