23skidoo, I know who has no idea what he's talking about. Even...

First 59 Last

Share
Profile

Follow
Skol

32,984 Posts.

1378

25/10/14

18:24

Post #: 14181497
Share

Originally posted by 23skidoo ↑

AJ, Menta has no more idea than you, or I, or anyone else!
Menta hasn't got a crystal ball, and has no way of predicting world events, how they would play out, and how they would affect gold. If he would put some thought into it and list the factors he thinks could affect gold, then his last post might be worth something. But he doesn't, he just makes a simple worthless statement.
Fact is, anything could happen. The Swiss vote on Nov.30 to decide if their CB should purchase $billions of gold would see Switzerland and China competing for large amounts of gold in a market which would dry up quickly. Draw your own conclusions on what effect that could have on the price.
A "black swan" event could precipitate bank failure contagion. I wouldn't discount it, because there are banks out there which are just hanging on. There is a major problem with USA and European banks which can't pass "stress tests" and the rules are again being bent for them. Gold will be a winner in this event.
the economic soothsayers have know way of knowing how gold will perform.
23.

Expand

23skidoo,

I know who has no idea what he's talking about. Even if stupid Swiss vote in favour of winding the clock back to the 1920's then it has to be ratified by 23 Cantons and there's as much chance of that as me opening an oyster with a wet bus ticket.

You need to read more dude. It's a non-event.

Last edited by Skol: 25/10/14
1 Upvote

0 Great analysis

Reply