GOLD (COMEX) Gold at AU$44,000/oz

Originally posted by spartan300 ↑

It's not all good.

https://www.linkedin.com/pulse/australias-economy-house-cards-matt-barrie

This article is from late last year and while the crash hasn't happened yet, the underlying dangers haven't gone away.

It's a long read but worth the effort.

Of course your confirmation bias will not convince you that this article raises some very grave areas of concern. You'll speak out against it no matter what is says.

In fact some notable economists have spoken out against it. But they're employed by major banks and super funds, so of course they have no vested interest nor confirmation bias!

That's the problem with confirmation bias. If I ask any real estate agent if the housing market is overvalued what do you think they're going to tell me? If I asked them when is the best time to buy property what do you think they'll say?

You say you've called out the 1987 crash and the GFC yet you say all is well now??

Sorry but that's delusional.

You're like the band on the Titanic...

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I'm delusional?

Well I've been right for a long time, that's for sure. Many goldbugs suffer from a severe case of confirmation bias, deluding themselves that we're running out of gold, it's being bankstered by the Federal Reserve, that it's worth way more than they paid for it (see the title of this thread for evidence of that), that GD3 is nigh, etc. etc. It's all bollox, gold is just a commodity that's no different from a beef animal, but the 'bugs get all wrapped up in their 'investment', that Rickards, Sprott, Maguire, Butler and dozens of other scam merchants peddle.

Opinion: Why gold buyers are so susceptible to fraud

"And some of the problem may simply be psychological. Most people who are buying gold both believe it to be valuable and want to believe that it is valuable. That strongly held belief can be powerful enough to block out skeptical impulses that might prevail if investing in, say, cattle futures."

https://www.marketwatch.com/story/why-gold-buyers-are-so-susceptible-to-fraud-2017-06-13