10-12-2010, 12:57 PM
Breand, I dont trade in currencies either. But note that your example statement is an excellent example of why Gold is strictly an emotional trade. The price is not going up due to lack of supply or increase in demand. Its going up because people are saying the "sky is falling". People think if all the markets crash then gold will be safe.
Frankly the only way that is true is if you have the actual gold in your basement or vault. Because owning a chunk of paper that says you own something would be useless in a time of war or cataclysmic event.
Im not saying people aren't making money on gold. they are. They propaganda;e will make more, but if you ask me it looks like a bubble to me because its not proped up with sustainable facts, except that "its going to keep going up".
Bubble alert.....
Frankly the only way that is true is if you have the actual gold in your basement or vault. Because owning a chunk of paper that says you own something would be useless in a time of war or cataclysmic event.
Im not saying people aren't making money on gold. they are. They propaganda;e will make more, but if you ask me it looks like a bubble to me because its not proped up with sustainable facts, except that "its going to keep going up".
Bubble alert.....
Maul, the Bashing Shamie
"If you want to change the world, be that change."
--Gandhi
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"If you want to change the world, be that change."
--Gandhi