50 years of suppressing silver (and gold), page-42

Hi Columbia,
When gold reached its peak around $850 in 1980 it was way out of kilter and herd instinct was afoot big time. Of course it finally crashed, it had to.
That inflation adjusted price is actually about $2200 today so if it reaches that then its way overdue for a crash.
Some say it's todays tulip bulb and I agree, I don't buy things that have gone up, I sell them.
Some goldbugs say the 1980 inflation-adjusted price is $7000 but that's a fairytale someone invented looking at property prices and other nonsense.
The ETF's have accumulated thousands of tons of gold, right? You just have to ask yourself what's going to happen when there's a big correction and they have to start selling.
Peak oil was all the rage a couple of years back, now it's gold, a classic case of crowd behaviour, so I hope you make a killing, but don't leave it too late because when it happens it'll be over before you get to your local bullion dealer who coincidentally will have his door shut.
Cheers.