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"People are broke. They lost most of their wealth in the real estate crash, and banks followed suit with bubble based derivatives and are broke. How can they buy PM's or real estate or other commodities?"
So will silver and gold go up or down? If people are allready broke and they print bigtime then people will need things other than silver and gold. At any rate they can print all they want but people will still run out of money
Give you two articles(short) to read and it says what is happening right now, not two years from now.
Look Out - Japan is a Powder Keg
Japan has alot of our debt
Gold: This is What an Ex-Momentum Trade Looks Like
The manipulation of PMs continue, read some of the replys
Thanks for worrying about my health LOL
jj
JJ, You're still reading only the doomsayers. Why is the value of the Japanese Yen up so much if the "smart" money worldwide agrees with that writer? The dollar is strong, but the Yen is better.
I don't disagree that there is a day of reckoning coming. That is, unless we get leadership that puts a total stop to our nonsense. Even then, we are in so deep that we would be 50 years digging ourselves out. Unfunded SS and medicare are a much bigger threat than our so-called national debt as boomers retire and the younger, smaller and lesser earning generations try to pay for it.
The point I'm trying to make isn't that the whole world is in trouble. It is.
The point I'm trying to make is that the whole world - nations, banks, individuals, are in deep financial trouble and they need - I mean need - cash. People from homeowners to banks to nations are trying to sell to raise cash. Some are going broke and more will. In the US many are still upside down in their homes. Those who aren't upside down can't sell to move and find a job. The whole world is awash in debt.
As long as there is this desperate worldwide need for cash, commodities will not be the investment of choice. You have to have excess money to invest in commodities and to drive prices up. Commodities are being sold in massive amounts to raise cash.