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  Bye Bye Gold Nonsense (search mode)
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Author Topic: Bye Bye Gold Nonsense  (Read 23876 times)
Verily
Cuivienen
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Posts: 16,663


Political Matrix
E: 1.81, S: -6.78
« on: January 07, 2011, 01:50:53 PM »
Quote from: Grumps on January 07, 2011, 10:22:03 AM
I remember gold when it was in the $600+ range......

In three years, it will be there again.
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Verily
Cuivienen
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*****
Posts: 16,663


Political Matrix
E: 1.81, S: -6.78
« Reply #1 on: January 07, 2011, 04:08:01 PM »
Quote from: Grumps on January 07, 2011, 04:04:30 PM
Quote from: Verily on January 07, 2011, 01:50:53 PM
Quote from: Grumps on January 07, 2011, 10:22:03 AM
I remember gold when it was in the $600+ range......

In three years, it will be there again.

I'm woefully inept at economics......what caused the meteoric rise?

Scared investors. That's what always causes gold to fluctuate.
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Verily
Cuivienen
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*****
Posts: 16,663


Political Matrix
E: 1.81, S: -6.78
« Reply #2 on: January 29, 2011, 12:47:18 PM »
Quote from: The Economist on January 29, 2011, 12:18:39 PM
Out of curiosity, when will this bubble burst? (like the last couple of oil bubbles).

Eventually. Hard to predict. Probably within a couple of years, though. Gold is a hard bubble to burst because it's emotional as well as panicked.
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Verily
Cuivienen
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*****
Posts: 16,663


Political Matrix
E: 1.81, S: -6.78
« Reply #3 on: June 11, 2011, 08:37:33 PM »
Uhh... You might want to look at inflation indexes before claiming inflation is high (well, in the US and UK anyway; inflation is high in China, but that's like comparing apples and dishtowels).
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