The Dutch have seen this before with Tulip Bulbs.
Gold equals tulip bulbs?
Hardly.
You need to compare hard asset to hard asset through out time, not hard asset to a currency that is being printed and devalued. A chewing gum is a gadzillion zimbawae dollars but is the chewing gum in a bubble or simply zimbawae dollar was the bubble?
The Dutch have seen this before with Tulip Bulbs.
Nope. I don’t think so.
Tulip bulbs were seen as an investment opportunity.
I think the rise in gold is not because of that, but is instead because of a falling (actually a Titanic crashing!!!) in the confidence of the paper assets and equities.
The Tulip Bubble was caused something a little different then what is going on here. This Gold move is because we are debasing a currency. Tulips had nothing to do with the debasing of a currency.
Keep dancing while Rome burns!
“The Dutch have seen this before with Tulip Bulbs.”
And that ain’t bad if one OWNS a shipload of tulip bulbs... (aka GOLD, Baby!)
I made a SWEET profit this week just a’ sittin’ on my @ss.
Mama Like! :)