May 23, 2010
– Comments (6)
This is a follow-up to my 21 Oct 2010 post.
nice video its crazy to see what a mania gold is becoming. Videos like this make u really think hard about buying gold. Deep down i think everyone knows this will end bad. But at the same time after this coming bout of deflation and gold price drop.(i think it drops lower) Its hard to see gold not going much much higher when we finally get inflation. The only thing that would destroy gold is if the govt came to the conclusion that money printing is not the way, changed course and basicly let us just take the hit raised taxes cut spending. I think the odds of that are about the same as me winning the next powerball. So im going to sit back and get ready to buy more at lower prices
"This is a follow-up to my 21 Oct 2010 post."Now that would be an interesting read today. 23 May 2010.
I'm sorry ... did I blink when evidence of a bubble was presented?
Looks like evidence of nothing more than increasing demand to me ... which of course is bullish for gold prices.
If fiat currencies were actually strong and this move towards gold were fundamentally unfounded, then a bubble would be in the making ... but that is the furthest from the case.
The story is wrong! it's CHINA that is the bubble that is going to burst not gold.looking at supply and demand china has high demand and has been investing in ownership of usa mines recently.IF you ask me sure china is communist but I have a feeling that the government is at least TELLING their people that a bubble is coming and when it bursts chinas money will not be worth much but they can sell the gold for dollars,probably more than they paid for the gold..............something to ponder and if that happens the b.s. with greece on our stock market will be childs play when this bust happens.
First post was on October 21, 2009.
Gold is the answer to gov / central bank / fiat currency / keynesian insanity / inepitude. When the insanity / innepitude stops and rates break double digits gold bubble will get taken down.
I suspect gold might become the next world reserve currency. Sky is the limit.
TMFSinchiruna said "Looks like evidence of nothing more than increasing demand to me ... which of course is bullish for gold prices."
CHINA that is the bubble that is going to burst not gold.
aligned. Aligned with Chanos, take a read of his China shorts.
Bonds are the real bubbles, not gold.
From junk bonds, municipal bonds, T-bonds, euro bonds ... they are destined to fail or we are going to have near 0 fed fund rate for decades ...
China and India will keep on buying precious metals, diamonds, prime real estates those can last from generations to the next. The western countries, on the other hands, just keep on passing debts to their grandchildren until their Fiat money become worthless ...