Technology is changing the world today. It deserves the attention and the high multiples. We wouldn't be debating on the internet, if those Nasdaq companies didn't exist. If you have a heart attack or cancer, it won't be your love of gold that saves you. It will be the worlds' love of science and technology that does.
As far as lessons in supply and demand,...there was a good one a month ago. The price of gold spiked up, shorters had to cover, so bought the metal fueling that spike,...but then demand throughout the world dropped, because the price rose to a level too high for many people to buy. So now the status quo of central bank sales and hedging by producers continues. Meanwhile some gold bugs hope for worldwide disaster to cause hoarding of gold, and the elevation of their assets. What a great thing to do Scrooges,... hope for disaster to come to others.
I prefer the hope and promise of science and technology, to the disease, pestilence and war hopes of many gold investors. My gold investments are in the juniors, where the sentiment is positive for the future.
This thread, although good to learn from in the past, is steadily deteriorating to a "beating one's chest thread", with lots of propaganda about everything but learing about gold. Anyone know of a better thread to keep up with the gold market, than this? |
