Quote:
Originally Posted by Dantilla
Sure. Apparently, you can quote me today. 
The talk on the street is that gold has nowhere to go but up.
Exactly what the masses were saying about real estate just a couple short years ago.
And tech stocks before that.......
When the masses start throwing money at the latest hot "thing", it will get to an artificial high before the masses flee for the next hot "thing". |
I'll be there in a minute I gotta get my toolbox...for tinkering around under your hood.
U seem to be under the impression that the current rise in price of Gold is just a mania or bubble due to uncertainity. That sooner or later cool heads will prevail and Gold will return to more sane levels and we will be off to some other mania.
Here is what you are thinking..that nothing in the US will change, we will just merrily go on as before as if nothing is happening or changing. We will get back to business as usual. You are like so many Americans who still think this is just a temporary blip on the radar screen and in a little while we will get back to normal.
What you don't realize is tha 2008 was a Watershed moment. It was the end of a era that had become unsustainable. Just like the Civil War, the Great Depression/WW2 changed America forever, 2008 is changing America forever.
Take a look around you this is the begining of the NEW NORMAL. Gold isn't hitting new highs because of a bubble but because of the decline in the vlaue of the USD...take a look at the 6 month chart of the USD index...and it is STRAIGHT DOWN. With the inception of QE2 and the FED PRINTING MONEY the value of the USD is only going to fall further and the price of Gold is going to go higher.
Welcome to Brazil, Argentina and Mexico...Hello this is the new America...
And this one can be laid directly at Obama's feet...IT IS ALL OBAMA"S FAULT...