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Originally posted by earthling42
Starting with the first bubble from 1999 on it has been the case that people started buying gold.
But it really became a flight to safety with the collapse of housing bubble.
The main reason for the gold price to rise is a lack of trust in the financial system.
Not scarcity, nor inflation, but Lack of trust, anger about the fraudulant system and a little help from Max Kaiser. (buy silver tou bankrupt JPM)
Yes the one that will take over BAC.
Ohh lets not forget Marc Faber, (to not own gold is to trust the government)
With everyone eager to own a bit of gold, i do not think now it is a good time to buy
Originally posted by SunnyDee
reply to post by babybunnies
Funny, I don't see anyone pushing to buy gold. Except gold sellers like APMEX. And that's their job.
I don't hear CNBC pushing for people to buy gold either. They seem down on it.
I still feel like they want us to sell our gold. You don't hear any media telling us about China and India and Russia buying gold in bulk. If that was made a big strory in the news you can bet we'd all think of buying too. But no, our for-profit media sells what it's told.
originally posted by: Ghost375
What are you gonna do when they announce the philosopher's stone has been discovered and they can make gold from lead? You will sure feel silly that you were hoarding gold.