Now that's just silly. I can find as many cabbies who have gold today as had AOL in 1999. The idea that the average Joe held a fortune in tech stocks is just ridiculous and revisionist. The average Joe was benefiting from the dot com bubble through the (false) creation of jobs.
I do not know if gold is a bubble. If it is, I feel sorry for everyone waist deep in it. If it is not, I guess all the gold enthusiasts can get together and trade their gold like baseball cards, if there are so few of them.
I do not know if gold is a bubble. If it is, I feel sorry for everyone waist deep in it. If it is not, I guess all the gold enthusiasts can get together and trade their gold like baseball cards, if there are so few of them.
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In my honest opinion it is just silly to think that gold is in a bubble. The Dollar is in a bubble. The dollar will be lucky to have half its value in two years. If that holds true gold will be $3000 in two years.
I don’t know how they are doing it but somebody is manipulating the market. Silver was depressed at $50.00. I’m buying.
If the economy falls apart as the big O wants it to silver will be a good commodity to have to get other things when the dollar is worthless.
Eventually there will be a new dollar standard based on silver or gold or perhaps both, it would be good to have some of it now instead of converting old dollars into new.