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  •  Your diary is cherry picked nonsense. You only (0+ / 0-)

    show in your graphs the run up of gold when it was going up. You don't show the 22 year period prior when gold dropped by 69%. Your arguments seem to contradict what you are stating yet you then flip the obvious lessen that you present and claim that it proves the opposite. Absurd. Gold has wild ups and wild drops over time just like anything where too much money in the hands of unsophisticated greedy people create a craze for it. Right now it is the right wing absent brain trust that has made people believe that the collapse of the US currency is imminent, and gold is the only refuge. Yahoos that chase the weasel around the mulberry bush, whatever the weasel turns out to be, whether it be houses, gold, beanie babies or tulips, it always ends the same. Pop goes the weasel.

     photo 04-30-20139-40-35AM_zps6d067f57.jpg

    Please consider the environment - do you really need to print this comment?

    by joelado on Tue Apr 30, 2013 at 07:26:07 AM PDT

    [ Parent ]

    •  Speaking of cherry picking (0+ / 0-)
      You don't show the 22 year period prior when gold dropped by 69%.
      Gold haters always point to this without ever bothering mentioning the 8 year period directly before that when gold went up 2,200%.
         You know what the difference between that 8 year period and the last 10 years? The first 8 year period WAS a bubble. That's why it burst. You know how you can tell? Because people were panic buying, the opposite of what is happening now.
         You would think that after the Dot-Com bubble and the housing bubble that people would be able to spot a bubble now. You are proof that that assumption is wrong.

      “Wall Street had been doing business with pieces of paper; and now someone asked for a dollar, and it was discovered that the dollar had been mislaid.” ― Upton Sinclair

      by gjohnsit on Tue Apr 30, 2013 at 08:37:23 AM PDT

      [ Parent ]

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