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Dog-faced pony soldier
Join Date: Feb 2004
Location: A Rock Surrounded by a Whole lot of Water
Posts: 34,187
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I can see $1500 but I doubt much more. The demand right now is (as I see it) driven by speculation and by virtue of the fact that there's a lot of investment money out there sitting on the sidelines right now looking for a home. RE sucks, bonds suck, stocks are volatile, so I figure a lot of people are taking a shot on gold looking to make a few bucks on flipping a few ounces here and there. I considered it, but said "nah" - I have other priorities right now. Probably could've made a few hundred or maybe a few thousand if I timed it right, but that's a dangerous game as so many recently learned in the RE bubble.
This one will pop in a few months and then there will be another bubble somewhere else to take advantage of... and the cycle will repeat somewhere else. And then somewhere else. It's the way of things.
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A car, a 911, a motorbike and a few surfboards
Black Cars Matter
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