Quote:
Originally Posted by Contempt
Gold will always go up in value no matter what for ever and always.
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Yea like right dude for real
As I have been saying all along, gold is incredibly over priced. It's percieved value (artificially inflated) is so far below the real value (just another semi-precious metal) that when it takes a huge dump soon people who didn't buy when it was below 1K will lose alot of money.
The world has so much un-mined gold it's not even funny, and like any bubble as we've seen over the last 20 years gold is gonna go POP with a rather loud bang.
All you have to do is look at is the gold bubble in the 80's and what happened...real easy.
Forbes-
"It is anybody?s guess when gold will correct, but it is very likely that it will be ugly when it does."
and-
http://buying-gold.goldprice.org/200...e-in-1980.html
http://news.yahoo.com/euro-p-futures...011139086.html
etc