Originally Posted by
Skol
Interest rates low, gold goes up.
Interest rates up, gold goes up.
USD down, gold goes up.
USD up, gold goes up.
QE2, gold goes up.
No QE3, gold goes up.
Doesn't add up.
David Tuckett, a professor at University College, London and a former president of the European Psychoanalytic Federation said recently about gold:
"It is all about what stories are believed today, and today, while it belies any sort of commonsense that gold is worth twice as much as it was two years ago, this is what people are believing in."
In other words, suckers.