In response to:

Selling Gold First

binc Wrote: Feb 16, 2013 9:32 AM
The way our laws are set up, it takes months to evict non paying renters all at the owners expense. Also, if your idea of fun involves what you refer to as redneck females(read trailer trash) your standards are quite low.
andrew299 Wrote: Feb 16, 2013 1:54 PM
If I have to explain it to you, you still won't get it.
binc Wrote: Feb 16, 2013 10:27 AM
What was his point? I got that low rent units is the way to go rather than gold and if the renters can't pay, take it out in trade with the females renters.
andrew299 Wrote: Feb 16, 2013 10:12 AM
Me thinks you missed his point.

Gold is the place to be, or so they say. 

Yes, I’ve heard the well-stated arguments and they all come right from Economics 101.  It’s simple, really. 

If the world is awash in liquidity, it will ultimately be inflationary and then hyper-inflationary with too much money chasing too few goods (the traditional but inaccurate definition of inflation.) 

Therefore, fiat currency will lose its purchasing power while precious metals retain their purchasing power, a straightforward argument perhaps? 

The other side of the debate involves a technical analysis perspective. 

In 2011, gold made a parabolic move from...