Quote:
Originally Posted by woj
the reason why the bubble popped in the 80s isn't really relevant I think... all the bubbles start the same way, all is great, everyone is laughing all the way to the bank... then one day something happens to tip the scale and it comes down crashing hard... often it's so quick and unexpected that before you realize what's going on, you've lost half...
but I'm sure this time it will be different, good luck...   |
What happened in the 80s is very relevant.
I do fully expect gold to go down in value significantly at some point, but I think that is a ways off. I don't see that the governments of the world are ready to start acting responsibly yet. Till that starts I feel good about gold. I would not be surprised if we see a few hundred dollar haircut in gold prices soon. It's gone up so quick that corrections like that are fairly normal. I hope it happens. I'll buy more...