February 11, 2009
– Comments (5)
And you thought I was extreme?????? Actually I was being conservative.
Does any of this sound familiar????
Soon you too will be a student of Alstrynomics.
video doesn't come up for me, do you have a link?
Also read your blog most every day since I found in in Dec. So im a student of Alstrynomics, and you have helped me both score points here on Caps, and in the real world.
However I'm not yet sold on Gold yet, is it possible to have inflation and deflation at the same time? As you have been saying for ever, we have, and will have deflation. But with the Gov. messing around in things throwing money around left and right what will that do? is it possible it will just cancel it out, and through the drepession both Gold and the Dollar will stay the same? as we fight over who is right bulls or bears? I would like to know what convinced you to go Gold?
Next since you are 1 of the few who will stick your neck out, I would like to ask you where you think the SP will be at at the end of 2009, and then end of 2010 as well? I wont hold you to it, i'm just curiouse!
Fear growing exponentially.
This is the part that makes gold tough to call. I say it is a shoving match between the strength of gold and the strength of the dollar as the govt. sees fit. They're still printing and as long as they can print it faster than they can lose it, things should remain at some sort of balance. When the govt. misses the call and continues to print after they no longer need to, that's when you'll see gold rise. The fear buying of gold to protect ones value from deflation, but at the same time inflates its value, which they hope will hold its value as the deflation begins. So basically the overall question is what to buy that won't lose as much as everything else, and in my opinion, is defeatist thinking.