Gold will be near a top when all your co-workers at your job
(for those of you lucky enough to have a job LOL) talk about their
gold and gold stocks, and when you are at a cocktail party,
everyone is talking about their gold.
Basically like it was in the late 90's when everyone talked
about their internet stocks, and from 2005 - early 2007 when
everyone and their brother bought and sold houses and thought they
were going to be a millionaire with housing going up 20%
a year.
We are not in bubble city yet for gold. However that
doesn't mean it's not quite overbought and can't have a nice
pullback and correction to scare the gold bulls.
MATT i think you are wrong on this one..i have been hearing all
that chatter since 700....gold has a wider and broader range of
interest both politically and from a financial insurance stand
point than the tech boom...the housing market will come
back..people need a place to live and if you look at the
demographics of child birth the elementary enrollment is up.
altho i admit some are talking 10,000 gold...well ill be a seller
then for sure.maybe.lol. then again 20,000 dow also has been
mentioned and then the carpet gets pulled out. no one
knows...but one would be foolish not to hold onto the hard
asset. ...again gold is financial insurance as is health
insurance , car insurance et al...buying the hard asset in form of
gold coins is prudent and advisable...want more risk/reward...buy
some with numismatic potential...
with all the govt manipulation and market heretic, gold is a
financial insurance asset and therefore can not be held in the same
light as other so called booms....
ps..even alan greenspahn wrote that one should hold gold.
i have the paper written by him if you would like to read it..
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Gold will be near a
Gold sentiment.....
Posted by matt on 6th of Oct 2010 at 10:18 am
Gold will be near a top when all your co-workers at your job (for those of you lucky enough to have a job LOL) talk about their gold and gold stocks, and when you are at a cocktail party, everyone is talking about their gold.
Basically like it was in the late 90's when everyone talked about their internet stocks, and from 2005 - early 2007 when everyone and their brother bought and sold houses and thought they were going to be a millionaire with housing going up 20% a year.
We are not in bubble city yet for gold. However that doesn't mean it's not quite overbought and can't have a nice pullback and correction to scare the gold bulls.
GOLD
Posted by fixdgear on 6th of Oct 2010 at 10:42 am
MATT i think you are wrong on this one..i have been hearing all that chatter since 700....gold has a wider and broader range of interest both politically and from a financial insurance stand point than the tech boom...the housing market will come back..people need a place to live and if you look at the demographics of child birth the elementary enrollment is up. altho i admit some are talking 10,000 gold...well ill be a seller then for sure.maybe.lol. then again 20,000 dow also has been mentioned and then the carpet gets pulled out. no one knows...but one would be foolish not to hold onto the hard asset. ...again gold is financial insurance as is health insurance , car insurance et al...buying the hard asset in form of gold coins is prudent and advisable...want more risk/reward...buy some with numismatic potential...
with all the govt manipulation and market heretic, gold is a financial insurance asset and therefore can not be held in the same light as other so called booms....
ps..even alan greenspahn wrote that one should hold gold. i have the paper written by him if you would like to read it..