Quote:
Originally Posted by Scotty B Adal,
Thanks for the paper, you're never short on info and helpful links.
I'm thinking a lot about the Gold bubble we are currently witnessing. Think of the immese amount of built up open interest that will have no one to sell to when there are no more buyers to draw in. No one will want to touch it. When it crashes, it's gonna be messy for a lot of people. The gold crash will be a monumental opportunity for those who can time it right. I see/hear more and more "BUY GOLD NOW!!!!" commercials, we've got to be getting close...I'm thinking... |
Off topic, but gold isn't even close to being in a bubble. All the commercials I see are 'scrape gold for cash' which tells me that gold is still cheap and they want to take it off the hands of people that don't know what is going on.
Ask a co-worker if they own gold? Do you hear folks in a restaurant talking about their 'gold investments'? CNBC constantly is saying 'gold is in a bubble'.
You'll know when gold is in a bubble and mania when everyone is talking about it, just like everyone bragging about their tech stocks in the late 90's and their homes in the 2005.
