posted on Jun, 13 2010 @ 12:23 PM
reply to post by Jane_Rogers
The gold market itself is a racket. These guys will say absolutely anything in order to increase their wealth same as the Wall Street traders and
The problem I've got with the gold market is the playing to paranoia. First they tell us that the Dollar is going to have hyperinflation, instead
the market appears to be headed for a deflationary period. Then they told us the Dollar would be eclipsed by the Euro as the world reserve currency,
then the Euro falls like a stone.
So what do the gold peddlers have left now? Confiscation, sure okay that that's scary but really? The issue I am hearing here in England and
especially over in Asian markets is that gold is the next bubble. The price curves are starting to look terrifyingly like that of the US housing
market 5 years ago and the tech stocks of the 1990s. Now it's so prohibitively expensive to get into gold that any gains made before a possible
bubble bursts will be percentages at best.
So this leaves the people selling gold, and the people they pay to make gold sound attractive in a very bad place. They want the maximum number of
people to enter the market right now, while prices are high, so that they can continue to see at the insanely inflated prices for a while longer.
These guys selling gold are going to laugh all the way to the bank with your money, just like the housing market.