Originally posted by DimPrawn
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How long before the Gold bubble bursts?
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After the next recession and when there are no more debt problems in Europe/US etc.
About 2025?"Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon MuskComment
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Something's got to change soon for sure. If you look at the slope on the price graph over a long period, a year, 5 years, or even 20 years, the slope is getting steeper as time goes on, especially in recent weeks. For sure inflation can explain some of that, which is compounded and hence would make graph trend look exponential.
Gold Price Chart - Live Spot Gold Prices - BullionVault.comComment
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Originally posted by TimberWolf View PostSomething's got to change soon for sure. If you look at the slope on the price graph over a long period, a year, 5 years, or even 20 years, the slope is getting steeper as time goes on, especially in recent weeks. For sure inflation can explain some of that, which is compounded and hence would make graph trend look exponential.
Gold Price Chart - Live Spot Gold Prices - BullionVault.com
Who knows when it will go pop. Certainly not me, but I don't want it to go pop with my money on board.Comment
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Originally posted by DimPrawn View PostCertainly is scary. I jumped off because the oil price looked similar, when it was about $145 a barrel and everyone said it would be $200 within weeks. Then next stop was $35 a barrel.
Who knows when it will go pop. Certainly not me, but I don't want it to go pop with my money on board.Comment
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Originally posted by TimberWolf View PostMine has almost doubled in the last 2 years, so it would have to go pop pretty rapidly to come out losing, and many have been in longer than that.Comment
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The bubble will be burst when the number of small investors starts to tail off having sold their shares at suicidally low rates and invested that money into gold at the boiler-room scam price. Then the "market" will persuade the punters to sell the gold again when it falls and buy the shares when they're approaching the top of the market.
It's a far easier way of transferring the money of the gullible into the pockets of the rich than having to bother with all that pesky manufacturing of goods or selling services.Comment
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Originally posted by craig1 View PostThe bubble will be burst when the number of small investors starts to tail off having sold their shares at suicidally low rates and invested that money into gold at the boiler-room scam price. Then the "market" will persuade the punters to sell the gold again when it falls and buy the shares when they're approaching the top of the market.
It's a far easier way of transferring the money of the gullible into the pockets of the rich than having to bother with all that pesky manufacturing of goods or selling services.Comment
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Originally posted by Doggy Styles View PostSo all you're saying is that the gold bubble will burst when the gold bubble bursts.
Don't wait for the markets to say when you should sell. Set yourself a target and sell once you've met it."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by craig1 View PostThe bubble will be burst when the number of small investors starts to tail off having sold their shares at suicidally low rates and invested that money into gold at the boiler-room scam price. Then the "market" will persuade the punters to sell the gold again when it falls and buy the shares when they're approaching the top of the market.
It's a far easier way of transferring the money of the gullible into the pockets of the rich than having to bother with all that pesky manufacturing of goods or selling services.
Just like when the ability to become a Lloyd's Name was opened up to the gullible...
Cooper sells Lonsdale Belts to finance Lloyd's losses - UK, News - The IndependentComment
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