For those of you looking over your shoulder for the wolf--this is post no.1 dec31 2009
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Yes and it increased for another 20 months and has been a fizzer ever since.
Gold and silver are the worst investments on the planet for the last 20 months.
Manias know no bounds, suckers push assets that have no intrinsic value like gold, tulips, silver to unimaginable proportions before they learn their lesson.
Silver's down 41.3% from its high a while back, I must pile into it while its cheap skid. lol
Gold was around $900 oz when you first posted--now it is $1600.
Now if you would have said to buy gold from dec 2009 until late 2011,and then started in on the crash scenario--well,then maybe you would have my ear.
Youve still got a long way to go to $900 [same distance as $2300]
Even silver was at about $15oz dec 09 now $29 still a ways to go there as well..
Skid what are these prices when you adjust for inflation.
For those keeping a bit as insurance,its not really such a big deal,the ups and downs.
For those that are trading,then research is definitely needed and you must choose carefully what info, and who you listen to.
Just ''keeping you honest''
Stand corrected-but the point is still the same--still a fair way down. aqnd lets not forget ,you predicted $760
Dont get me wrong-Im not saying that gold will never fall,and because its higher[or lower]than it was xxxyr ago is not a solid reason to predict where it will go from here.[in itself]
There are lots of reasons why gold goes up and down.
The point I am making is that your advice is based more on emotions rather than solid logic for the most part, and your track record does not merit me taking it seriously.
I guess the same as any investment we made back in dec 2009
If we had left it in cash it would just be a matter of adding on the interest[there are probably more than a few of us who wish we had done just that,instead of whatever we invested in]
Dont mistake me as someone who is blindly supporting the yellow stuff--I just hold a bit as insurance,just in case it really hits the fan.[Id be lying if I said I had much trust in the economy ATM.]
Is just the opposite--I dont agree with those who blindly support-or detract.
Things are changing all the time. IMHO if you dont change with them [especially those who become emotionally involved] then there could be a price to pay for your attachment.
Looks to me that its in a nuetral phase ATM--Dont think I would be buying or selling
And I'm still predicting $760, it could take some time to get there, some commentators reckon it'll go much lower.
It's not based on emotion, just the fact that it's completely out of whack with what could be regarded as the 'mean'.
They reckon there's no such thing as a free lunch, but there's been one in shares for a fair while, too bad you're hung up on gold.
The world isn't ending, it's a Jim Sinclair fantasy, which reminds me he's getting lots of hate mail recently, which he sees as a contrarian indicator. lol