To: CutePuppy
Thanks for update. FORBES mentioned Soros’ new investments in Asia. When the last oil bubble popped there was a glut. The Iranians were loading up tankers and anchoring them offshore, waiting for the price to go ever higher. I don't know if there is a similar mechanism in the world gold market but I know production must way up, feeding the supply.
19 posted on
11/21/2010 1:18:10 PM PST by
Brad from Tennessee
(A politician can't give you anything he hasn't first stolen from you.)
To: Brad from Tennessee
Yes, boom-bubble-bust cycles are similar despite the underlying commodity or asset (or trading mechanism) and always follows “it’s different this time”...
The only real differnce between these cycles is who and how many the pop will affect when the bubble bursts, and who / what will be made to be a scapegoat.
20 posted on
11/21/2010 1:32:10 PM PST by
CutePuppy
(If you don't ask the right questions you may not get the right answers)
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