GOLD 0.51% $1,391.7 gold futures

Yes I know, goldbugs make excuses for gold's poor performance...

  1. 44,246 Posts.
    lightbulb Created with Sketch. 2012
    Yes I know, goldbugs make excuses for gold's poor performance and their own losses by blaming others, it's on here all the time. It's always "manipulation", "capping", "undervalued", "pegged down", "fiat currency".

    When I was gainfully employed, I'd see it reasonably often, when some cock-up occurred and I enquired why, it was someone else's fault, not the perpetrators.

    Psychologists call it 'psychological projection'.

    Like when you said that with the GFC, the banksters lent all of the money (including obviously to the sub-prime mob & including all the CDS's) but they didn't cause it.

    Psychologists call it 'psychological projection'.
 
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