Does the same fate await the Appleonians, Amazonians and
Googlites one day in the future? After all, they suffer from
a similar dogmatic loyalty, only on steroids...believing these
companies can never do wrong...ever? That day of reckoning,
if it ever comes, will make the gold bugs decline pale by
comparison.
With Bitcoin on the scene and the "new guy" maybe Greenspans
"old relic" comment does stand finally. Its a clumpy material,
costs money to store it, earns no income.
The lure and perception of gold is clearly in decline and has
been since the 1970s, and if investors were to lose faith then it
would go all the way back down to levels seen in 2000 when the UK
Govt sold their gold.
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Does the same fate await
GDX
Posted by RichieD on 7th of Aug 2018 at 08:58 pm
Does the same fate await the Appleonians, Amazonians and Googlites one day in the future? After all, they suffer from a similar dogmatic loyalty, only on steroids...believing these companies can never do wrong...ever? That day of reckoning, if it ever comes, will make the gold bugs decline pale by comparison.
With Bitcoin on the scene
Posted by torvix on 7th of Aug 2018 at 09:02 pm
With Bitcoin on the scene and the "new guy" maybe Greenspans "old relic" comment does stand finally. Its a clumpy material, costs money to store it, earns no income.
The lure and perception of gold is clearly in decline and has been since the 1970s, and if investors were to lose faith then it would go all the way back down to levels seen in 2000 when the UK Govt sold their gold.