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Old 06-22-2013, 01:35 PM   #538
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Join Date: Aug 2005
Location: Denver
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Originally Posted by Arkie View Post
9/11 had very little to do with gold's trajectory. It slowly went up about $25/yr after 9/11. It was around 2006 when more and more savvy investors began to see the upcoming financial crisis that accelerated the rise in gold. It was becoming clear that quantitative easing was inevitable, that government would have to pick winners and losers, that the debt ceiling would have to rise higher and more frequently, etc. Our economic model is flawed. The markets will crash if they pull back on QE, but that can't go on forever. The debt will only decline through inflation or default, and both make gold more expensive.
I was talking about 2008 and the financial meltdown.

edit. Ok, I see what you're looking at. I bolded his entire statement while responding to his 2008 comment.

Last edited by DenverBrit; 06-22-2013 at 01:47 PM..
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