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View Diary: Gold (6 comments)

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  •  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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