GOLD 0.51% $1,391.7 gold futures

economics 101, page-21

  1. 2,057 Posts.
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    Looking at charts without fundamentals is just a useless exercise. To say the gold bubble will burst based on a chart is just ridiculous. Fundamentals is what drives a market and will be the crash of the market as well.

    The fact that the US keep borrowing money and keep giving their economy a cocaine fix, IMO tells me that the Dow bubble will burst well before a gold crash.



    You can't keep borrowing without consequences, and at the moment interest rates are as low as they can get. The US are still a consumer economy, and most of the problems the video above talked about, still exist today.

    We should have gone into a depression in 2008, but the government implement QE, so that voters would bring them back in and present day people did not suffer. Unfortunately that means the future generations will suffer much more.
    Being a young person, I sleep easy with some bullion under my pillow.
 
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