What I have observed lately in the battlefield trenches
posted on
Feb 03, 2009 06:32PM
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Sure have been getting more signs, though small, that people are beginning to look at gold as a investment choice. I have had a number of clients putting the pieces together that treasuries are returning nothing, State paper is garbage and yields nothing, I am placing more trades, not alot, but more trades into gold funds. ( I am placing no tradtional equitiy fund trades), They are commmenting on the fact that there are few options available to park money with any sort of return or safety. Nobody is buying equities, and my feeling is the public is feeling backed into a corner. They don't want to invest in equities and they don't trust the banks or State Governements. They still for the most part believe in treasuries but there is no yield.
My guess or feeling is the next group or segment of the investment public, not the regular Joe but the semi experienced investor is getting the picture clearer and clearer. The are slowly understanding the possible ramifications of the Feds current policy. Honestly if the Fed doesn't get some kind of rally in the markets in the next few months the next wave into gold is going to happen. The Fed has cut off all the attractive alternatives, and the financial industry is a total disaster, no one wants to invest in there paper or there equities. No yields in bonds, Real Estate is a black hole, State Governements look freightening, international markets are worse than here, unless equities ignite, I can't think of another place that the tradtional investor can put his hard earned capital. That could be very gold friendly. The Fed just might create the opposite outcome they intended to.
One more interesting incite, we get to meet with Portfolio managers from time to time at my firm. This week the manager coming to speak to us is the preciuos metals fund manager, holy cow it was a stampede of requests from the financial representitves and planners to attend the meeting, not everyone could attend, usually its some bond portfolio manager and they have to force us to go. Just a incite on growing awareness of the market change. The tide is changing!!!!!
PS I love Silvermark17 mantra 11/2/2012