Saturday, December 22, 2012
Gold Radio Cafe - December 21, 2012
Gold and silver is about preserving wealth (long term view) and making some money off the rise and fall of the prices (shorting)...pick your M.O....it's all good...Any manipulation statements are stupid because in 2008 everything went down including gold and gold mining stocks and if people wanted invest in gold and gold mining companies during that panic time, no central bank would be able to push down the prices. By betting that gold goes up you bet that dollar goes down, simple as that, there is no stupid conspiracy.
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I recently took a long position in gold futures. I am expecting an upward price dynamic in the not too distant future, and I want to be well positioned when it happens.
ReplyDeleteI'm expecting some amount of volatility in the coming days as the "fiscal cliff" finds some definition.