Quote:
Originally Posted by woj
whether it's "imminent" is arguable, but even if it is, inflation has always been a short term problem... gold may continue going up for the next year, maybe 2, but then it will crash like it always has... If you time it right, you could make a decent profit, but could get taken for a bath just as easilly...  |
Crash as it always has? That's a bold statement to be making for something that hasn't been independent of a fiat currency for even half a century. Gold has been undervalued at many points in American history and all of them have to do with some government intervention. Gold is also only low when the economy is booming because there's no need to hold on to it. Seeing as how we're not having a "recovery" anytime soon, calling this a bubble is retarded.