Bubble About to Burst!!!
Posted: Mon Dec 06, 2010 10:50 pm
Now that I have your attention...Gas still costs $2.80 a gallon...I can buy milk for $2.00 to $3.00 a gallon...a Macdouble is still on the dollar menu at MacDonalds,etc... I know that cereal, sugar, etc is up; but there is no hyperinflation yet. So why the massive skyrocketing of PM's? I am not a newbie at buying this stuff- I have been slowly, at times sporadically buying for years; so please no intro lectures. Also, I am not even contemplating selling my hoard; although, if I were near retirement I would probably consider taking gains on some of it.
I am honestly wondering what is going on. Is this price rise an anticipation of the fall of our U.S. economy and the dollar in the near future? Is it massive buying and selling? Or, is it truly a falling dollar? If so, why then can I still buy staples at about the same price as the last few years? Finally, is this yet another ponzi scheme to make money aka junk bonds in the 80's, tech stocks in the 90's, and houses in the 00's. Remember, if they (whoever "they" are) could have manipulated things in the past; why can they not manipulate the price of PM's in the near and far future?
Sorry to ask these questions in such a jubilant atmosphere. Actually I am rejoicing as well; most of my investments are in PM's. But something does not add up, unless this is mainly anticipatory.
I have trust issues.
I am honestly wondering what is going on. Is this price rise an anticipation of the fall of our U.S. economy and the dollar in the near future? Is it massive buying and selling? Or, is it truly a falling dollar? If so, why then can I still buy staples at about the same price as the last few years? Finally, is this yet another ponzi scheme to make money aka junk bonds in the 80's, tech stocks in the 90's, and houses in the 00's. Remember, if they (whoever "they" are) could have manipulated things in the past; why can they not manipulate the price of PM's in the near and far future?
Sorry to ask these questions in such a jubilant atmosphere. Actually I am rejoicing as well; most of my investments are in PM's. But something does not add up, unless this is mainly anticipatory.
I have trust issues.