Precious metals like gold and silver are dropping - time to get some?
Best Answer
731 points
thinker70 answered one year ago …
This is a very manipulated market and people who UNDERSTAND that Gold and Silver are HONEST MONEY with a 5000+ year history of STABLE PURCHASING POWER compared to debased paper currencies that LOSE purchasing power, (current dollar worth about a nickel in REAL purchasing power) continue to fall with relentless regularity!
On that basis it makes sound economic sense to switch assets from near worthless paper to honest money that has a proven history of PRESERVING puchasing power. The idea that gold and silver prices are dropping is an ILLUSION created by both the MANIPULATION of the market and FALLING value of paper currencies!
Answers
2222 points
readytoretire answered one year ago …
Gold and silver are normally inflation hedges and safe places to put your money in times of unrest. As the economy de-leverages, the unrest should go down. And short term, inflation is in the dirt. That said, when the economy looks like it is going to start back, there will be good gains in gold.
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3963 points
MNSL answered one year ago …
I think gold prices will come down further.
Still most assets are overpriced. Now we can see demand destruction for many assets. Some assets has not burst yet.
This is the time to look for sectors that going to benefit from current mess.
