I'm telling ya. At these prices, you are betting the world is ending next week. People are here on momentum and technicals. The trade ends at 1000 per once. And spiking into it? Yeah. It is done.
Don't be dumb like a dot commer.
> I'm telling ya. At these prices, you are betting
> the world is ending next week.
Let me explain what my bet actually is.
I'm betting that energy isn't going to get any cheaper. It takes energy to mine gold, they are linked permanently.
I'm betting the Federal Reserve will bail out the banks whatever the cost.
I'm betting the Federal Government will move all the bad CDO and SIV debt over to Fannie Mae and Freddie Mac, and will cover any losses those two GSEs experience.
I'm betting the government is interfering with the stock market to keep boomers from cashing out their 401Ks
I'm betting the government will continue to engage in deficit spending for as long as they can do it, and there is no limit to how long they can do it except the insolvency of this country.
That's what people like me are generally betting on. They're betting the Federal government is absolutely corrupt and will pass on losses of banks and the stockmarket speculators on to you.
I am waiting as are millions of Chinese/Asians to convert the worthless paper currencies into gold/silver,
so please please sell your holdings now so I can buy,
Qatar latest country looking to diversify away from dollar,
Talk to the 10 people in the world you know best & ask them if they own any gold at all. The answer will be "no" for 9 or 10 of them. Before this bull market is over, the answer will be "yes" wil 8 or 9. This "bubble", as you call it, has a long way to go.
You are the dumb one that thinks the paper in your pocket is anything more than paper. Gold has not gone up the dollar has just become worth less and less. Gold has been money for 3000 years. The paper in your pocket has been currency since 1971. Which do you think is more reliable? There has never been a fiat currency in the history of the world that has survived. You need to study some history of money before the government destroys all of the wealth that you have.
Ending the world: $1,000,000/oz
Ending the sovereign nation to a union: $100,000/0z
Ending the Federal Reserve Note Dollar: $10,000/oz
Ending the Federal Reserve: $$6,000/0z
Ending M3 expansion: $2300/oz
Ending your short position: $1030/oz (today)