Originally Posted by
Skol
There was a Gold Buyers stall outside the supermarket today, another sign a mania is setting in.
How far will it go? Who knows, but the POO went up 8 times in 8 years before it crashed. Depends on how big the mania becomes and what kind it is.
As a scholar of such phenomena I find them endlessly fascinating and have quite a number of books on the subject.
The final confirmation will come when there are gold conferences, media clips and newpaper articles exhorting the masses to buy gold.
Problem is the masses are unable to recognise a bubble and are mesmerised by the profits until they're staring down the barrel, like the '87 crash.
Will it end with a whimper or a crash?
When it comes how much fraud will be exposed and how many banks, mutual funds and high net worth individuals will tremble as it makes its final gut wrenching lurch southwards?
Will there be enough gold to go around as the punters cash in their ETF's?