Citi: The Commodity Collapse Could Be "Subprime Part II"

The Business Insider ^ | 11/23/09 | Joe Weisenthal

[FromLori]

ping

[Travis McGee]

More bogus warnings by the anti-goldbugs.

[Ghost of Philip Marlowe]

Gee, Citi, why is everyone running to commodities?

Could it be because you banksters have successfully destroyed the dollar?

[2banana]

Cause gold and commodities are different this time and they will only go up from here.

[pnh102]

Citi is on welfare. Their opinions mean nothing.

[dennisw]

ruh-ro

[broken_arrow1]

G, G & G

GOD
GOLD
GUNS

[KoRn]

I’m very pleased with my investments in copper coated lead this year. I don’t them ever decreasing in value.

[FromLori]

http://www.youtube.com/watch?v=FhgMubJyxn4&feature=player_embedded#

[pappyone]

Excellent observation! Things are always “different this time” until they aren’t and a major correction takes effect. The key of course is knowing when to sell. A lot of folks missed that during the housing run up and now are left “underwater” or worse. So when do you sell your gold?

[freedomfiter2]

So when do you sell your gold?

The day before everyone else does. It’s like playing chicken.

[FromLori]

http://www.zerohedge.com/article/bernanke-vs-gold-getting-hostile

[pappyone]

Indeed! Sereously, I would think a reasonable person bought below 800 and set a goal of around 1K. Seems holding out longer than that is playing chicken.

[2banana]

So when do you sell your gold?

When you see 24/7 commercials on buying gold and books come out on how to buy gold and get rich?

[Nervous Tick]

>> Cause gold and commodities are different this time and they will only go up from here.

I read on the Interwebz that gold — oh heck, let’s just call it “money” — will never ever ever NEVER be below $1000/oz again.

[NeoCaveman]

. So when do you sell your gold?

When taxi drivers start talking about their Canadian Maple Leafs and their Australian Koala coins. It will be a while.

[SharpRightTurn]

We’re doomed.

[Colvin]

I see them publishing this tripe for two reasons. Bank deposits are down. Way down.
People are saving money, but its not going into savings accounts because a traditional saving account pays less then 1 percent interest. This gives them less money to loan out at credit card rates.
Reason two is fear that people will begin trading (purchasing goods) in silver and gold again. I think that is also one reason behind central banks buying up gold. (another is to get rid of their American Dollars)

[God luvs America]

I’ll read the rest of the article later, but it seems to me that if one and two take place more people will run to gold than ever as while everything else in one and two is crumbling, gold would hold its’ value and increase....