is the gold bull market over?, page-2

"... this is a time like no other. It’s one of the wildest times I can recall. I’ve been involved with money since 1966, and I have never seen anything like the last 12 months, nor anything like the present. We’ve always had recessions, even deep ones as in 1973 and 1974.

But never before have we seen a Citibank drop from $55 to under $1 or General Motors lose more than 90% of its value in one year.

And when I say “never,” I’m even including the Depression.

You can take any example you want. We have never had this kind of savaging of financial assets in history. It leads to a great number of questions whether Humpty Dumpty can be put back together again on a sound basis."

Full article by Leonard Melman at http://www.theaureport.com/pub/na/2432