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E Thomas St. » Comments » GDX

  • No Gold Bubble [View article]
    Wouldn't a bold declaration stating that some asset is not in a bubble despite a large gain be right in line with every other bubble that we've experienced? I don't see why gold is "different this time".

    Also, for everyone going long gold, when do you plan to sell? And if you never plan to sell is that based on the belief that entire societal collapse is around the corner? And if you hold that belief firmly, wouldn't you be better off purchasing goods that will sustain you in the future (Like guns, ammo, PVC piping, solar panels) rather than trying to purchase wealth for the future?
    Feb 23 16:25 pm |Rating: +2 -3 |Link to Comment
  • Gold Poised to Move Higher [View article]
    Irony defined in this comment


    On Dec 29 11:16 PM SW Richmond wrote:

    > What's the first rule of managing money?
    >
    > NEVER FALL IN LOVE WITH A POSITION.
    >
    > Fiat defenders tell gold bugs that they're irrational. They don't
    > see that it is themselves who are clinging to the familiarity of
    > their beloved fiat system. Paradigms are hard to break.
    >
    > The world's love affair with fiat currency is about to end in a bitter
    > split. The scorned lovers of the fiat system will follow their lover
    > right off the cliff.
    >
    > Good riddance.
    Dec 31 18:56 pm |Rating: +1 0 |Link to Comment
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