Another cherry picked article... Stating that 'gold fever' makes...

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spartan300

191 Posts.

44

10/07/18

16:15

Post #: 34256532
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Originally posted by Skol ↑

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

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Another cherry picked article...

Stating that 'gold fever' makes people blind and crazy is of little value.

Any kind of mania makes people blind and crazy, so it's not something that's unique to gold.

You can say the same thing about bitcoin or about the genius who pays a million dollars for an apartment in suburban Sydney (which was about $350k 3 years ago) because he thinks it'll be 2 million dollars in no time.

The difference is that gold is not currently in a bubble but your beloved real estate is in the mother of all housing bubbles!
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