Articles NewsFlow Gold & Silver Prices Market Briefing

Recevez notre Marketbriefing

In the same category

Doom
Member since May 2012
85 commentaries -

0 followers

has posted a comment on the article :

Are Gold Investors Finally Capitulating? - John Rubino - Dollar Collapse

I just don't see capitulation as a possibility. IF you sell gold, you get...what, paper money? Paper money loses a few percent (or more) of it's value every year. You could put the cash in a bank but...Greece makes it very clear that banks aren't a good choice.

So, you'll have to invest that money in...what? CDs? Your rate of return there is 1% or so, and there's nothing out there that's particularly safe and offers much more of a return. The only way I see a capitulation if interest rates return to something sane.

But as long as there's nothing else to buy, I just don't see capitulation as a possibility.

Commented 3337 days ago

Send

Beginning of the headline :Sprott Asset Management's Rick Rule is one of the smartest guys in the resource investing world -- and one of the most reasonable -- which has made his interviews of the past few years a little disconcerting. Along with the obligatory positive thoughts on the long-term value of gold and silver and the resulting bright future for the best precious metals miners, he always points out that the sector hasn't yet endured a capitulation, where everyone just gives up and sells at any price,... Read More

Reply to this comment

You must be logged in to comment an article

8000 characters max.

	RSS feed		24hGold Mobile
	Gold Data Center		Gold & Silver Converter
	Gold coins on eBay		Silver coins on eBay
	Technical Analysis		Fundamental Analysis