Vuke

David Einhorn on That Barbarous Relic, Gold

Dave:

If it was behaving like a commodity it would react in exactly the opposite way than its recent performance. The huge overhang, lack of real usage and threats of economic collapse would drive its price down to silver, or even copper. Copper is a much handier metal.


On Oct 22 09:27 AM Dave Wrixon wrote:

> Whether Gold is money or a commodity depends on how people think
> of it. There is no doubt a vocal group still see it as money, but
> I tend to think it is behaving more like a commodity than it ever
> used to.