Market Predictions 2009 2010 for Dow, S&P, and Gold and Silver
Uploader Comments (thecomicsitedotcom)
Video Responses
All Comments (31)
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@majortom321 I would say its at $48 an ounce
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Dude, you have been afk too long, video time.
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Yeah...you did include 2010. I was thinking 2009 only. Later.
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If you buy an asset with a fixed rate loan, inflation reduces the "real debt" that you owe, with the tax advantages and an appreciating asset you actually gain real wealth when inflation increases. Inflation just transfers wealth. Banks do not like inflation, fixed rate loans turn toxic when inflation increases.
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Is this sarcasm?
or humor?
Inflation is nobody's friend - except banks and gubberment.
"Profits"?
Perhaps if you can ride a purchasing power catch-up move with an undervalued asset like silver and gold right now. But generally speaking, inflation derived profits are an illusion.
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If you accumulate assets in "debt dollars" at a fixed rate, then profits are made in dollars and inflation is actually your friend.
what would you say now its struggling at 17$ an ounce, Jan 1st. 2010<
majortom321 2 years ago
I think it will pull back some more maybe the $13-$15 range and then it will go higher. The US debt situation is worse than it was last year, I do think we will see an artificial jump in the dollar as all the wealthy people convert ira's to Roths so the Government will have a nice tax windfall but the long term trend for silver will be up, it has for the last 5000 years and it will be for the next 5000 years.
thecomicsitedotcom 2 years ago
You weren't spot on about your price predictions but your trend was on the money. This is the first time I've watch this video and I think the real inflation starts after the new printed money gets fully into the economy....inflation must happen in this economic position. Thanks for posting.
hatch381 2 years ago
Yeah I need to update, I did title it 09-10 so there is still time for the prices to hit. Obviously we had the stimulus so 14k on the dow is still likely by the end of 2010. The stimulus is getting into the economy look at the amount of money states are borrowing to pay unemployment insurance, that is all printed money hitting peoples pockets. California will be 21Billion in the hole by 2011.
thecomicsitedotcom 2 years ago