I am interested in knowing some thoughts on the Market and the
price of metals being so high, and what the market will look like
AFTER it corrects.
The price of gold, and everything else, is based on the value people
place upon it vs everything else they could buy. The price of
precious metals is actually the price (value) of currency. Right now
currency isn’t worth much in people’s minds (and in reality.)
When the market corrects…well, with Keynesian’s in power it never
really will as it should.
The whole purpose of the complicated mess our nations economic
system has become is to avoid the natural cycles of an economy and
we’re left with a boom & bust cycle instead.
The market will look pretty much the same. We’ll get used to higher
prices, and nobody will do a thing to change it.
A group of men long ago knew this: “… all experience hath shewn,
that mankind are more disposed to suffer, while evils are
sufferable, than to right themselves by abolishing the forms to which
they are accustomed…”
Will vendors keep the price high on gold/platinum for profit?
If you’re not in business expecting to profit you will fail in
Will the retailer keep the prices at current levels for their own
The retailers will aim to earn as much money from their investments
as possible. And if they serve their clients they will be rewarded
I don't see the market bottom falling out and going so low that
gold will be at bargain prices, I'm not sure what the landscape
will look like after a correction.
The value of the dollar could rise again to pre-1913 levels and gold
could very well be as it was then, but it won’t happen until the
United States government’s debt is cleared. Since it can never be
paid off, but since the creditors demand payment for their
investments, the fed will likely attempt to monetize the debt, which
means they will print currency and use that to pay off the debt.
Of course the currency will drop in value rather quickly, and in
spite of government lies to the contrary, we now have inflation and
we will have hyper-inflation. The government will collapse and an
imperial government will rise from the ashes; No constitution, no
habeas, no rights. Or maybe we’ll get a charismatic leader like they
got in Germany…
If the market does correct, and gold drops, the economy picks up,
will jeweler stores pop back up enjoying some of the market place
that thinned over these past few years?
Funny thing, our pre-conceived notions…I’m a small independent
jewelry company. I specialize in repairs. I do all the mundane,
boring crap that most jewelers absolutely despise. Do you know that
since the price of gold shot up I haven’t had a lull in my work? And
I’m in a little podunk town is the south.