GOLD 0.51% $1,391.7 gold futures

Mate, i was there too...just because you experienced the event...

  1. 3,351 Posts.
    Mate, i was there too...just because you experienced the event does not mean that you understand it. I have a good number of friends who head to the casino and lose their money on a daily basis...if one does not stop to think about the situation and learn from it, then it is pointless to have "experienced" it.

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    Just for my fellow posters....

    If we really had a "GOLD" bubble, the real action will be happening in the stocks and equities because that's where all the leverage will be. In a gold "bubble", the gold stocks will be the sector in which all the speculation money would flow to. The fact that people are not buying the gold stocks is primarily due to the fact that they FEAR that the price of gold bullion will fall. As such, if people have a fear of a fallout in gold prices, it is certainly not a "bubble".

    In a bubble, nobody will even think that there would be a possibility of a major fall in gold prices.

    As an example, one only needs to look at the tech and real estate "bubbles"...the media outlets - at that juncture - were just indicating [on a daily basis] that the prices of property and tech stocks would never fall and that it was cheap. So speculation money came in in the droves and prices went astronomical based on nothing...there were tech firms that had no assets which were going for $100/share. I remember vividly that people did not even stop to think of a major fallout.... Now, that's a bubble.

    Investors should learn what a "bubble" really is and not get dim-witted by some other less knowledgeable individuals who predict price points based on the ether.

    Japan is printing more money...
    Swiss Francs are being printed...
    US dollar is being printed....
    Euro is being printed...

    Where is the safe haven?

    Sheesh...
 
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