Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: blam
Is The Takedown Of Gold A Sign That The Entire Global Financial System Is About To Crash?

No, it means that all the people who are foolish enough to buy gold as an investment have already brought all of the gold that they want or can afford to buy and there are not enough "greater fools" out there to pump the demand that is needed to support the price.

37 posted on 04/17/2013 9:20:34 AM PDT by Labyrinthos
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Labyrinthos
No, it means that all the people who are foolish enough to buy gold as an investment have already brought all of the gold that they want or can afford to buy and there are not enough "greater fools" out there to pump the demand that is needed to support the price.

Those 'greater fools' are standing in line to buy ammo.

41 posted on 04/17/2013 9:59:14 AM PDT by Carry_Okie (An economy is not a zero-sum game, but politics usually is.)
[ Post Reply | Private Reply | To 37 | View Replies ]

To: Labyrinthos

“No, it means that all the people who are foolish enough to buy gold as an investment have already brought all of the gold that they want or can afford to buy and there are not enough “greater fools” out there to pump the demand that is needed to support the price.”

I see. And what are the enlightened buying these days for an investment?


43 posted on 04/17/2013 10:20:14 AM PDT by MichaelCorleone (Keep your eyes on Jesus. He is the same yesterday, today, and forever.)
[ Post Reply | Private Reply | To 37 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson