i amaze myself sometimes
days like these puts bubble theory into perspective now does it? yawn... boring ... let me see what the next bubble to burst....
days like these puts bubble theory into perspective now does it? yawn... boring ... let me see what the next bubble to burst....
QuoteDislikedFor all you gold lovers out there...
ill spare you guys the effort of pressing the link so u can read it here...
This post was made back in May 2012 when gold was still around 1650 area lol...
Dem bursting gold bubbles.... gota love it
DislikedBTW bones... just incase you're interested since i see ur trading gold... Interested to see 1450 in XAUUSD?? well i sure do, like i said.... Gold is a god damn bubble waiting to burst... and when it bursts people will flood back to USD.... Gold is a useless piece of metal where the price of it now is highly manipulated.... just like the Dutch Tulip Crisis.... Gold is only worth as much as the cost of it being produce, which is what?? labour cost+ cost to manufacture gold into gold bar?? im pretty sure thats a cheap process... maybe 400USD.... Gold has been around the world for ages, its a finite resources, but its a resource that DOESNT go exhausted/used up.... we dig up the gold, we turn them into gold coin, 2000 years later, gold is still around, the same gold coin is still where it is.... only reason why price of gold could fluctuate and fly high on speculative nature is that gold industries are very often regulated by Governments, as gold is the norm to store value for government and enterprises, as soon a government find actually substitute that could store value.... say FOOD?? CORN?? Gold will collapse like any bubble usually do.... Besides a poster we had called Allseeingeye made a good analysis, that Gold is not worth holding value anymore, Silver is... Silver has a better return.... XAGUSD at 27ish USD its easy to see XAGUSD reach 54USD rather than XAUUSD's 1543USD turning into 3086USD for a 100% Gain get what i mean?? One day people will realise... oh hey silver is cheap maybe we can start using silver to store value on risk aversion flows....Ignored
PS. we have broken 38.2% Fibo, perhaps we could see 50% fibo being reached??
??
We live in a finite world with infinite possibilities.