About the only thing the clueless doom-gloomers aka Gold bugs been right is the price of gold, which brings us to the question....
When will $9 Trillion of this worthless pile of rock start plummeting in value?
The obvious ones will be when USA and the global economy recovers (along with positive real rates).....
But, brainwashed by the most clueless web-site, zerohedge, gold bugs sitting in their Iowan basements will be hit by one of the many black swan events
i) Indians who own > $4 Trillion worth of Gold have started using Gold as an ATM machine. We know how well that always ends. Forced Liquidations on the biggest gold hoarders anyone?
http://www.indianexpress.com/news/go...brakes/926762/
or
ii) Mother Nature can print gold faster than Ben Bernanke and its all very easy to recover with just a little bit of hippie-liberal-style innovation?
http://www.theverge.com/2012/4/18/29...cameron-google
So, which Hedge Fund is going to front-run this trade and crash the Gold prices to $300 and to it's eventual long-term price of $20?
What's the time horizon?
1 Yr or 5 Yrs?



Reply With Quote



Bookmarks