The Great Gold Crisis (or bubble)

[behindmydesk]

I've been saying for a few years that gold is a bubble. I've argued with some people who keep telling me the dollar is going to collapse and that gold is the way to go. Which of course is false, and look at the recent collapse of gold in the past month. On average analysts think gold will go up 29% in 2013 (of course they thought it'd go up in 2012 as well so...) When things start getting traded via informericals or on glen beck spouting gold like they did flipping houses you know it's a bubble.

Anyway this isn't new. Thought this was perfect an advertisement from 1973 in Barrons.

http://www.businessinsider.com/gold-...hanges-2012-12

[debo]

Duh, you're supposed to buy SILVER, BMD!

Get with it!



#ronpaul2016

[asandhu23]

scam!

[dbroncos78087]

Based on the trend, I trust my bronze stockpile will make me very wealthy soon. Also platinum is one of my recommendation to my client.

[natepro]

I'm only buying physical iridium.

[dbroncos78087]

I'm only buying physical iridium.

I have been told that it will make my transuniversal portals stable.

[blueman2424]

The one thing that stops me from agreeing that gold could be a bubble is the debt crisis. There's practically more debt than money. Precious metals thus become more valuable.

That said, who really knows?

[steelcityroller]

Doesn't matter. The people in our country that do have jobs most don't have any money to invest.

[asandhu23]

Invest in unobtainium!

[Buckwheat]

I have these coins that are 75% copper and 25% nickel.

I'll sell about 50 of 'em for around twenty bucks. Hit me up.

[debo]

^Sounds like a good deal.

[Buckwheat]

PM me your credit card info.

For an extra ten, I'll hand craft Thomas Jefferson's portrait on them.

[debo]

You can put it on asandhu's account.

[behindmydesk]

On my rail against gold for the past almost year saying it wasn't sustainable at this level, and that it would fall sharply and told that I just don't understand how it works and that the FED QE is going to make gold go even higher. Not calling out a poster who has been saying this, but he sure does love Ron Paul and constantly argues with me. I'm interested in seeing if he will admit that A he wasn't in gold, or B that yes gold was a bubble built and wasn't sustainable like I said.

Oh the reason I say all this is gold is tanking still and now accelerating. Economy is growing, we will open the market today at gold it's lowest level since April 11th 2011! Also of course down 23% approx since I posted this article.

[Labgrownmangoat]

Bitcoins, baby! Up 92% since yesterday. . .