Originally Posted by
Logen Ninefingers
I think you are revelling in over-the-top hyperbole. 'To the moon'? 'Giant Fizzer'? In recent times gold got a lift off Syria, and then again off Crimea, and no doubt people made a heck of a lot of money during those events. It's nothing more, nothing less. Gold in a safe haven in times of crisis: fact. You have to start looking at this rationally, not taking an 'anti' position to the true state of things every time just because of your hatred of gold. You are arguing that the world is a very stable place geopolitically, that the global economy is in healthy state, and that the US economy is booming. But is this the truth, or are you forced into this position because of your blinkered view of gold?[/QUOTE
I don't actually have "a hatred of gold". To me, gold's just another commodity like orange juice or copper, historically it's always a flash-in-the-pan that leaves heaps of naive punters poverty-stricken. That's a worn-out goldbug expression. Have a look at this, a chart of gold, from 1980 to 2005 gold did nothing, despite heaps of wars and confrontations, the cold war, and even the chance of nuclear annihilation.
Old goldbugs got their fingers burned and went away, you're the new generation of goldbugs getting your fingers burned.
The new generation with the new explanation as the song goes. 2005 onwards brought forth a whole bunch of 'experts' that predicted gold would go 'to the moon' as they called it, Mike Maloney, Eric Sprott, the Aden Sisters and heaps of other Schiffheads, but they all got it wrong, history repeated itself. lol
Gold's returning to the mean.