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To: SeekAndFind
How much longer can gold rise?

Forever, just like the tech and the housing bubble.

3 posted on 11/23/2009 6:27:36 AM PST by umgud (I couldn't understand why the ball kept getting bigger......... then it hit me.)
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To: umgud

It will cool down when people realize they can’t buy food with it . . . which may or many not happen!


4 posted on 11/23/2009 6:30:35 AM PST by RushingWater
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To: umgud
Forever, just like the tech and the housing bubble.

When this one pops, what will they replace it with?

5 posted on 11/23/2009 6:32:22 AM PST by palmer (Cooperating with Obama = helping him extend the depression and implement socialism.)
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To: umgud

There is either a currency bubble or a gold bubble.

Gold’s inexorable, but gentle, sometimes hesitant rise is evidence of one of them.


9 posted on 11/23/2009 6:49:00 AM PST by Atlas Sneezed (“Personal freedom begins when you tell Old Mrs. Grundy to go to Hell.” -Lazarus Long)
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To: umgud

To those who are considering shorting gold, I give one bit of sound financial advice (which especially applies to gold) you ignore at your peril:

Markets can remain irrational for MUCH longer than you can remain solvent.


12 posted on 11/23/2009 6:58:21 AM PST by AFPhys ((Praying for our troops, our citizens, that the Bible and Freedom become basis of the US law again))
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To: umgud

If we went back on the gold standard and had to cover all the money printed so far, gold would be over 7,600 an Oz.

We have a way to go.


21 posted on 11/23/2009 7:36:02 AM PST by The Bat Lady (READ the damn bill, or at least have one written down before you vote on it.)
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