CPI number was "bad" for a rate hike and dollar still goes up ...dont fall for the bullshit of conventional wisdomhope the FED cuts a quarter point tomorrow...gold should fall by a 100 pips then LOL
{quote} It seems to me that regardless of the news sentiment, there is always an excuse to the dollar to go up. If the CPI is lower than expected, the US consumer is stronger; if CPI is higher than expected, it'll increase the likelihood of a rate rise. My reason for being bullish on gold is simply because I think it's more valuable than a promise made by the US government. They either won't repay you, or they will but with worthless currency.
{quote} thats good theory but what are you going to do with a bag full of gold coins or bullion? people gona clip or shave off pieces of the gold bullion bar to pay for their lunch or donut at 7_11? logistically hoarding gold doesnt make sense unless people gona ride around on donkeys instead of buying gas at the station...plus thieves will see you carrying around gold by the way it sags down your pants and just steal it
{quote} thats good theory but what are you going to do with a bag full of gold coins or bullion? people gona clip or shave off pieces of the gold bullion bar to pay for their lunch or donut at 7-11? logistically hoarding gold doesnt make sense unless people gona ride around on donkeys instead of buying gas at the station...plus thieves will see you carrying around gold by the way it sags down your pants and just steal it
{quote} Dude, patience
