How many conservatives who are buying gold at today’s prices going to blame Obama when the gold bubble bursts?
Jigi asked:
When the bubble bursts just like all bubbles do what do you think those geniuses are going to do? Sell it at a loss or keep it hoping they can eat it if Glen Beck’s prophesies come true?
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When the bubble bursts just like all bubbles do what do you think those geniuses are going to do? Sell it at a loss or keep it hoping they can eat it if Glen Beck’s prophesies come true?
December 16th, 2009 at 12:20 am
Beck will blame Obama and they’ll follow his lead like the good little sheep they are. Charlie Bucket
December 18th, 2009 at 7:05 am
There can be no bubble with Gold. Gold is a hard commodity that will always keep a certain value and if you just wait it will go back up in value. Plus, we are at peak gold worldwide. There isn’t enough to go around and production is slowing down significantly.
High demand plus low supply equals higher prices. Western European Mutt - WEM
December 21st, 2009 at 5:12 am
It’s not about Obama. It’s about Bernanke. As long as he keeps printing money like it was made of paper (oh, hey look at that, it is), people will look for a hedge against the inflationary pressures that tactic creates. Entropy
December 23rd, 2009 at 6:43 am
If I had a large chunk of investments in precious metals I’d sell a portion of it. While gold, silver and other precious metals may continue to rise in the future there is always the possibility that much of the recent increase is due to hype and panic. mplsundin