Why Would Anyone Try To Call A Top In Gold? (we are likely nowhere near a top yet)

Benzinga ^ | 11/25/2010 | Scott Rubin

[Atlas Sneezed]

Gold has historically provided access to females - the ultimate Darwinian utility.

Precisely. One pictures says it all:

[AndyJackson]

Where do you think is the safest place.

Just so long as you stay off of airplanes and away from the prying eyes and pliers of the TSA.

[Batrachian]

Gold is no more secure than any other investment group. People have made fortunes in it and also have lost their shirts in it, just like stocks or any other investment. The difference is that gold has a romantic halo to it that has existed for all of history and always will exist until they can synthesize it on an industrial scale.

As a hedge against inflation and possibly the end of the world, it's second to none, but as an appreciating investment, it's just one of many.

I think we're in a short term bubble and gold will see a correction, but given the state of the dollar, we will certainly see much higher levels later on.

[Free Vulcan]

It looks like we might be headed to a short term correction. Volume on this last upswing is lower than the last. Long term is anyones bet.

[Mentos]

We are likely nowhere near a top, unless we are.

[Vaduz]

Tuesday Russia and China said they will no longer use the dollar,wonder what gold go to now?.

[headsonpikes]

The utility of gold?

Well, my gold and silver stock dominated six figure portfolio is up over 100% in 3 months, and 300% in 20 months.

That’s a ‘utility’, so far as I am concerned.

So keep calling the top in gold, experts.

[April Lexington]

The First Comedian Bank and Trust. Look for a branch near you!

[April Lexington]

that has existed for all of history and always will exist until they can synthesize it on an industrial scale.

Hmmm.... I'd kind of like to know how to do this. Alchemy 101?

[The Comedian]

The First Comedian Bank and Trust. Look for a branch near you!

"We'll leave an infrared illuminator on for ya."

Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

[BlazingArizona]

The moment the first analyst says, “It’s different this time!”

[Batrachian]

"Hmmm.... I'd kind of like to know how to do this. Alchemy 101?"

No. You use a cyclotron to remove a few protons from a lead atom, and presto, you have gold. The only problem is that it's not possible to do it except on an atomic scale, and even then it's enormously expensive. You'd be better off trying to filter it from sea water. There's lots of gold dissolved in the oceans, but there again it can't be done economically or on any sort of large scale.

Maybe genetically engineered sponges could do it for you (credit to Arthur C. Clarke for this idea).