This guy is a shill for the gold selling market. I am hearing a lot of advertisements from gold sellers these days. They are selling you gold they bought at a lower price.
When was the gold market the hottest? When was everyone buying gold? When it went above $600 an ounce, about 23 years ago.
Remember the lines of people buying silver at $38 an ounce? It was going to $100. No, it topped at a little over $38. Silver just hit an 18 year high, at about $8.30 an ounce.
Where will gold go from here? I don't have a clue. But gold sellers sure are anxious to sell to me. If it is going to double, why are they so interested in selling to me?
Look, I just posted the article because the debate is interesting to me. Do what the heck you want, I don't care.
Bingo.
That can be said of anyone who's trying to interest you in any moneymaking proposition. So, rather than simply questioning their motives, try to determine if the arguments for a higher gold price are valid, e.g. debased currency, artifically suppressed gold prices, etc.
Back during the last commodities bull market. Then it had an exponential blow-off stage as all bull markets do. 20 years later, we're in another commodities bull market. These cycles tend to repeat.
Remember the lines of people buying silver at $38 an ounce? It was going to $100. No, it topped at a little over $38.
And that will happen again. Instead, this time around it may top at $380 instead of $38 at the peak of the mania phase. But we're a long way away from that stage.
But gold sellers sure are anxious to sell to me. If it is going to double, why are they so interested in selling to me?
Because they make money on the transaction itself. All of the major gold dealers will not only sell to you, but also buy from you. The lowest spread I've seen is about 3% or so. They make their living the same way someone selling stocks, bonds, or antiques do. Yet no one ever questions *their* motives.