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Guess that is your take...Another interpretation is that fools have bid gold up in the same way they bid up tulip bulbs in Holland or internet stocks in the late nineties..How'd that work out???...As Barnum once said..."There's a sucker born every minute".":>) JL
it aint a bubble if it's lasted thousands of years my fiat loving friend!!!!!!! gold is just a buoy rising with the level of paper risk (bonds, stocks, currency etc etc etc) -- very easy to see if you haven't been blinded by the propaganda