gold chat, page-276

Dillinja,

I see the excitement mounting, goldbugs emerging from their crevices anticipating the next moonshot and bulging bank accounts, but I doubt it'll happen.

The only sure thing is that we'll be hearing from Dim Sinclair and Mike Malooney sooner rather than later claiming victory and $15,000 gold again.

Right now petrol is at an all time high in many parts of the World, it's possible we'll slip back into recession, if that occurs I doubt anything will increase in price especially precius metals, which no one actually needs.

Gold's at an all time high in India and gold sales for the coming marriage season are already suffering.

Why are oil and gold so expensive when the demand's not there?

It's speculation, and where there's speculation danger lurks nearby. Like the oil crash in 2008.

There's an article in the paper today about a gold bar that's been found but they can't trace the owner, probably a paranoid goldbug obsessed with secrecy. LOL

Youre better off with good dividend stocks like TLS.