Gold Tumbles Most Since 08

remember this.....a bubble always needs mass participation by investors....remember the tech boom? How many people participated? How about housing? Remember the people sleeping overnight at new subdivisions in order to get first pick on a new project? OK now lets look at gold.....do you see mass participation? Are there line ups at coin shops to buy? You see I do know what I am talking about.

PS....americans are still net selllers of gold through outfits like cash4gold selling their old jewelery......there is something like less than 10% of americans buying gold....hardly the makings of a bubble.

also look at gold mining stocks..in a real gold bubble they would be selling at rediculously high multiples like the tech stocks did.....but they aren't....they are selling at very low multiples...why? there is still alot of pesimism about this rise in gold.....this my friend guarantees much higher gold prices to come in the next 12 to 18 months......you will see

 

Well...politicalcenter has an open mind about it. That's more then you can say for many people on here.
Frankly, that is all I want people to have....an open mind.

 

and I am trying very hard to help people because I know whats coming!

 

Ditto.....

 

Ah, secret knowledge. Or you're just smarter than the rest of us.

Gold Bugs! They're so predictably deluded about the economy and themselves.

 

yup

 

paper bugs.....they really think they know so much....even though for about eleven years now......hard assets have left paper assets in the dust!

funny how nobody is talking about the bond and dollar bubble!