GOLD 0.51% $1,391.7 gold futures

gold, page-48734

  1. 33,169 Posts.
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    You're quite right Doctor, and it's got a lot to do with behavioural psychology.

    For those in for the long haul whether gold goes up or down a few dollars should mean little, they're convinced that they're going to be winners in the long run.

    Some believe that putting me on ignore is going to make them feel better, they won't have to read any possible bad news, otherwise known as the ostrich syndrome. It's a common problem, many physicians actively avoid having to tell patients some very bad news, the same as some investors simply refuse to acknowledge that their investments are failing badly and things will improve if they don't look at them.

    The most amazing thing is that many goldbugs consistently rely on false prophets like Peter Schiff or Jim Rickards who have been wrong for years, a few minutes research will prove that these gold clairvoyants are making their money scaring simpletons.
 
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