Quote:
Originally Posted by epitome
Everybody is turning to gold, thereby creating a bubble.
People turn to gold during economic instability and people turn to oil during political instability.
Very similar and still bubbles.
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Let me guess. You have been calling this a bubble since it went over $1k and you never bought in because of that. So now that you lost your chance you are trying to rationalize your actions. I will tell you what a real bubble is......The US DOLLAR. Even though the US Dollar has lost half its value over the past few years it is STILL the biggest bubble which has ever existed on planet earth. Hell it could be cut in half again and it would still be the biggest bubble which has ever existed.
I do anticipate a "shake out" soon though. Most little guys will get scared and sell because it will get pretty bad.